Caixin reported that Qian Fenglei, who is regarded as a close friend of Jack Ma, along with several companies under his actual control, including Hengfeng International, is suspected of publicly selling multiple collective investment schemes in Hong Kong that have not been approved by the Hong Kong Securities and Futures Commission. Tens of thousands of people have suffered financial losses, and some individuals have reported to the public security authorities in mainland China, with victims hoping for the Hong Kong Securities and Futures Commission to take the initiative to intervene in the investigation. Caixin's investigation found that a large number of mainland Chinese individuals participated, with one sales group exceeding 120,000 people. According to previous reports, Cao Guowei, Cai Wensheng, Zeng Fanzhi, Li Lin, Shen Guojun, Yu Guoxiang, Lin Jiali, Wu Guangming, and others are also investors in the project.