The news of an "accident" on Phoenix Financial's platform has finally been confirmed.
On May 5, the Public Security Bureau of Haikou City, Hainan Province issued a police information notice stating that the public security department officially launched an investigation into Phoenix Zhixin Information Technology (Haikou) Co., Ltd. (hereinafter referred to as "Phoenix Zhixin") for allegedly illegally absorbing public deposits.
Currently, He, the company’s legal representative and actual controller, has been criminally detained, and the case is under further investigation.
According to the operating data report of the Phoenix Zhixin platform, the latest disclosure time since the filing of the case was July 2020. At that time, the platform’s loan balance was 10.202 billion yuan, and the number of borrowers was 71,569.
There are currently 15 companies under the name of the actual controller, distributed in 5 provinces and cities (districts). According to information disclosed on the official website, Phoenix Zhixin was registered in May 2016 with a registered capital of 500 million yuan. It is an institution under Phoenix Financial that engages in online lending information intermediary business.
Phoenix Zhixin Fengxin Technology (Haikou) Group Co., Ltd. (“Fengxin Technology”) is its sole shareholder.
Officially certified Weibo information from Qichacha and Fengxin Technology shows that “Phoenix Finance” is Fengxin Technology.
The legal representative and actual controller of Fengxin Technology is named He Xin.
Information from Qichacha shows that He Xin is associated with 29 companies, 14 of which have been cancelled.
The remaining 15 operating companies mainly include Yingzhi (Yinchuan) Investment Management Co., Ltd., Phoenix Zhisheng Information Technology (Haikou) Co., Ltd., Fengyi Puhui (Haikou) Technology Co., Ltd., Tianjin Phoenix Jintong Information Technology Co., Ltd., Beijing
Fengjin Times E-Commerce Technology Co., Ltd., Beijing Fengjin United Information Technology Co., Ltd., etc.
The registration places of these 15 companies are distributed in 5 provinces and cities (districts): Ningxia Hui Autonomous Region, Hainan Province, Beijing, Shanghai, and Tianjin.
It has been complained about problems such as cut-off interest rates, violent debt collection, and the inability to cancel accounts. According to the official website, Phoenix Financial’s products include online loans, funds, wealth management and other investment services.
The online loan platform is mainly divided into two apps: "Phoenix Zhixin Lending" on the financial side and "Xique Kuaidai Loan" on the borrowing side.
Among them, Magpie Quick Loan has been complained by a large number of users. The complaints focus on interest rate cuts, violent debt collection, and the inability to cancel accounts.
On the evening of May 5, Haikou police mentioned in a police report that those who have suffered losses should report the case to the local public security agency at the nearest place. At the same time, they said, "The public security agency will make every effort to investigate the case and do a good job in recovering the stolen goods and recovering the losses, and effectively protect the people."
Legitimate interests.