Has Qingdao Shanhai been found to have illegally raised funds?
Yes, Shanhai Group was accused of illegal fund-raising. 20 19 China Securities Regulatory Commission issued the Announcement on Investigating and Handling Cases of Illegal Fund-raising of Shanhai Group Co., Ltd., pointing out that the fund-raising activities of the company were mainly realized by means of "stock trading", "futures" and "preferential real estate", without obtaining corresponding legal permission.