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Sina Finance | Local Language | News | Dec. 11, 2025 | Corporate Corruption or Fraud

Xiangyuan Holdings Group Co., Ltd. has faced overdue payments on multiple financial asset income-rights products listed on the Zhejiang Financial Asset Exchange platform. In response, three listed subsidiaries—Jiaojian Co., Ltd., Xiangyuan Culture & Tourism, and Haichang Ocean Park—issued statements distancing themselves from the overdue products, asserting these financial issues do not involve their operations or subsidiaries. Jiaojian highlighted that the overdue financial products, related to a real estate cooperation project, are guaranteed by Xiangyuan Holdings and the actual controller, with Jiaojian itself having no repayment or guarantee obligations.

Xiangyuan Holdings' executive president, Shen Baoshan, disclosed that 2 to 3 products have matured without repayment, offering yields to investors between 4% and 5%, while the company’s financing costs range from 8% to 9%. Meanwhile, the Zhejiang Financial Asset Exchange platform’s qualification to operate financial asset trading was revoked in October 2024, although existing legal obligations for repayments by financing entities remain unaffected.

Founded in 1992 and based in Shaoxing City, Zhejiang, Xiangyuan Holdings operates mainly in cultural tourism, infrastructure, and real estate sectors. It serves as the indirect controlling shareholder of Xiangyuan Culture & Tourism and controlling shareholder of Jiaojian and Haichang Ocean Park. Multiple subsidiaries under Xiangyuan Holdings have been subjected to enforcement actions and consumption restrictions, with at least 10 companies listed for continuing overdue financial obligations as of November 30, 2025, according to the Shanghai Bill Exchange.