The third phase of Tianjin Hongkun will be unfinished. According to the public information inquired, Tianjin Hongkun Phase III belongs to Hongkun Real Estate. On March 25, 2022, Hongkun Jin Fu was suddenly exposed that 3 billion wealth management could not be paid, involving thousands of investors, and the corporate capital chain was broken. Due to the shortage of funds, Hongkun Huayu, a project of Hongkun Real Estate in Tianjin, has been suspended for a long time and has been unfinished.