Zhen Rong Bao, operated by Guangdong Jinxiang Yinrui Asset Management Co., Ltd. (广东金祥银瑞资产管理有限公司), was a P2P online lending platform that launched around 2015. It promised investors unsustainably high annual returns, attracting a large number of participants. The platform was subsequently investigated and exposed by Chinese authorities as a Ponzi scheme involved in illegal public fundraising. In 2017, the company's operations were shut down, and its key executives were arrested, marking a significant case in China's crackdown on fraudulent P2P lending platforms.

Founded in

China