"Harmonious Beings" Platform Mystery Exploration (VI) - Several anecdotal rumors of the company's chairman leaving the country
(Introduction) At the beginning of September 2020, a company located in the Galaxy SOHO Building in Dongcheng District, Beijing, which has been operating for 7 years and mainly engaged in private lending intermediary services, "Harmony Zhongsheng Investment Holdings Co., Ltd." (hereinafter referred to as "Harmony Company"), suddenly had a boss departure incident, which in turn caused the suspension of all businesses of various departments in the platform and the closure of the company's workplace.
It is understood that the total capital disk borrowed through the intermediary of the platform exceeds 2 billion yuan, and as of the time of the closure of the platform, there are still 1.2 billion yuan of external debt that has not been recovered, involving about 700 families of wealth-side customers. After the platform was shut down, some of the creditors found that some of the claims they held were "false claims" (that is, the phenomenon of "one power and multiple transfers") when checking their claims. Clients holding genuine claims separately seek recourse through civil means such as arbitration and litigation.
After the closure of the platform, Beijing Television's "When the Rule of Law is in Progress" column and "Beijing News" and other media also carried out relevant reports. However, what makes the media and society wonder is that it seems that the more they report, the more confusing the questions about this incident become, which makes the outside world fall into a mystery of this incident.
In order to explore the deep-seated reasons behind the "Harmony Company" incident, the author of this article will investigate various parties, employees, executives and other relevant personnel through a large number of visits, and will explore in several special topics, trying to restore the truth of the incident, and try to analyze the various mysteries of the platform from a legal perspective. It also provides material for reflection and research on the prevention of such incidents in the future. Today's topic is "The Mystery of the "Harmonious Beings" Platform (VII) - Several Anecdotal Rumors of the Sudden Departure of the Chairman of the Company? 》
At the beginning of September 2020, the employees of Harmony Company were still going to and from work as usual, as if nothing was different. According to the employees of the company interviewed, on Monday, August 31, Chairman Wang Qingxiang also gave all employees a meeting at the weekly morning meeting to motivate employees to do business, and also worked late with the company's executive Yunxuan in the company that day. No one saw them the next day, until a few days later, when many salesmen and department managers had to ask the chairman and executives to sign, but no one was always found. This abnormal situation aroused the vigilance of Mr. Xu, the chairman of the Customer Regulatory Commission at the time, who urgently summoned some members of the Customer Regulatory Commission to report the situation, and decided to inform all the creditor customers of the company's wealth side by video conference on September 7.
At present, the reasons for the sudden departure of the company's chairman Wang Qingxiang and executive Yunxuan in early September 2020, there are many versions of anecdotal rumors among customers and employees, which can be summarized as follows:
(1) Entering the beginning of February 2020, the outbreak of the new crown epidemic in China, the external debt loan orders of the platform have been suspended and defaulted on a large scale, and the platform has begun to appear on a large scale of "false transfer of creditor's rights". In June, a second epidemic occurred in Xinfadi, Beijing, and almost all foreign debt borrowing slips became bad debts, while the number of "false transfer claims" surged. That is to say, investors who receive claims after entering 2020 are most likely to receive such claims. However, after the false transfer of claims appeared on the platform, it was finally discovered by some creditors with strong risk awareness. Due to the sudden disclosure of the transfer of false claims, Wang Qingxiang and Yunxuan suddenly left the country.
(2) After entering 2020, with the large-scale default and interest suspension of external debts, the platform operation has experienced symptoms of capital chain rupture, resulting in serious difficulties in the interest fees to creditors and the redemption of the principal of the loan, resulting in serious fluctuations in the psychology of creditors and customers. Mr. Xu, the chairman of the CSU at the time, believed that it was useless for the "CRC" to supervise the company from the outside, and that a new organization, the "Joint Management Committee of the Company", which directly took over the management of the company's operations, must be established to make the company's operation better. After the establishment of the new organization, part of the company's operation work was managed and questioned by Mr. Xu, but the company's situation did not improve. Subsequently, the personal contradictions between wang qingxiang, chairman of the company, and Mr. Xu also began to intensify. A few weeks after Wang Qingxiang left the country, he had informed all creditor customers through the WeChat group that due to the sudden learning that the foreign debt borrower Li XX was doing oil business in Dubai, he and the executive Yunxuan urgently went to Dubai to negotiate with Li XX to repay the debt to alleviate the crisis of platform operation, and the domestic company's affairs had been handed over to Mr. Xu of the "Joint Management Committee", but Mr. Xu flatly denied that Wang Qingxiang had ever confessed this matter.
(3) On August 20, 2020, the Supreme People's Court and the Supreme People's Procuratorate issued the Judicial Interpretation on Private Lending (also known as the "8.20 New Deal"), which stipulates that from August 20, 2020, the private lending interest rate will be reduced from the previous "two lines and three districts (between 0-24% legal protected areas, 24%-36% natural interest rate range, and more than 36% invalid range)" to no more than four times the LPR interest rate announced by the bank in the same period, that is, an annualized 15.4%, and retroactively (Note: The "Judicial Interpretation") Amended on New Year's Day 2021, the retroactive relevant provisions have been deleted). Due to the introduction of the new policy, the external "bad debt" loan slip formed by the platform in the past can only be recovered at the interest rate of up to 15.4% in the future. However, the company's profit to be collected in the early stage is calculated according to the annualized 24%. This means that the interest previously advanced by the company to the creditor on behalf of the debtor and the funds overdrawn through the "false claim" will completely lose the legal basis for recovery from the borrower. There is no longer any reason or need for the platform to continue operating.
But what was the reason for the sudden departure of the chairman of the company? It remains a mystery to this day. However, it is undeniable that the current operation of the "Harmony Company" has been suspended, and all the relationships that could have been adjusted and resolved within the platform have been directly pushed to the level of being resolved by the state apparatus such as the Public Prosecutor's Office law and in accordance with legal procedures. Undoubtedly, much more burden has been placed on the State organs, which are already very heavy in their tasks.