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        The 85 million yuan financing products under the Shanghai Huaxin International G


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 recently appeared overdue, plan postponed to May 15th before the return of the loan principal, and overdue penalty period.
This overdue period involves the holding subsidiary company as the Shanghai Huaxin group business factoring limited company. Since 2016, it has issued the financing product on the Phoenix Financial platform, of which the principal 79 million yuan should be returned in March 19th, the principal 6 million yuan should be returned in March 20th. At the beginning of March, there is news of President China Huaxin energy board of directors Ye Jianming being investigated for alleged economic crimes, various bonds owned by Shanghai Huaxin International Group issued by the suspension process.

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