A company in Ningxia entered the judicial audit stage for suspected non-sucking cases, and was once known as a “peasant’s friend”

Ningxia Yinchuan police recently issued a notice that Ningxia Zhanzheng Rural Capital Logistics and Adjustment Co., Ltd. (referred to as “Ningxia Zhanzheng Company”), which had been in trial operation since 2007 and once claimed to be a “trustworthy friend of farmers”, was re-incorporated. public view.

On June 18, the official WeChat account of the Xingqing District Public Security Bureau of Yinchuan City, Ningxia issued the “Notice on the Confirmation of the Registration of Investment Participants in the Case of Ningxia Zhanzheng Rural Funds and Logistics Adjustment Co., Ltd. Suspected of Illegal Absorption of Public Deposits”, saying, “Yinchuan City The Economic Investigation Brigade of the Xingqing Sub-bureau of the Public Security Bureau has filed a case for investigation on the suspected illegal absorption of public deposits by Ningxia Zongzheng Rural Fund Logistics and Adjustment Co., Ltd., and the case has now entered the stage of judicial audit.”

The above-mentioned police notice stated that in order to collect evidence and ascertain the facts of the case, in accordance with the relevant provisions of the Criminal Procedure Law of the People’s Republic of China and the Regulations on Procedures for the Handling of Criminal Cases by Public Security Organs, please ask the Ningxia Rural Fund Logistics Manager who has not registered with the public security organ. “Investment participants” of Dispatching Co., Ltd. shall register and record at Office 304, Economic Investigation Brigade, Xingqing Branch, Yinchuan Public Security Bureau during working days (9:00 am-12:00 pm, 14:30-18:00 pm). If you cannot register on the day, please make an appointment by telephone in advance (contact number: 0951-6899268).

A company in Ningxia entered the judicial audit stage for suspected non-sucking cases, and was once known as a "peasant's friend" -A-company-in-Ningxia-entered-the-judicial-audit-stage-for

Announcement on the registration and confirmation of investment participants in the case of Ningxia Zhanzheng Rural Capital Logistics and Adjustment Co., Ltd. suspected of illegally absorbing public deposits.Screenshot of WeChat public account “Safe and Happy”

Public information shows that the Ningxia Zhanzheng Company, which is suspected of illegally absorbing public deposits, was approved by the Financial Management Office of the Ningxia Hui Autonomous Region Government. It began to prepare for construction on July 23, 2007, and began its trial operation in November. On August 5, 2008, it was officially established by 199 shareholders initiated the reform pilot unit of new rural financial institutions registered in accordance with the law and registered in Zhangzheng Town, Xingqing District, Yinchuan City.

According to the enterprise information released by Tianyancha, the business scope of Ningxia Zhanzheng Company includes the issuance of small loans for natural persons, individual industrial and commercial households and small enterprises within the jurisdiction of the autonomous region according to law, bill discounting business, loan guarantee business and vehicle mortgage business. The registered capital of the company is 3800 The actual controller and legal representative are Cui Qingwen.

CIC ( noted that since the end of 2015, Ningxia Zongzheng Company has been sued or sued others for many disputes over loan contracts and private lending. Publicity as a dishonest company. At the same time, Cui Qingwen, the legal representative of the company, has been restricted from high consumption for many times, and the equity of several shareholders has been frozen.

According to the self-introduction of the official WeChat account of Ningxia Zhanzheng Company in the early years, the company “in view of the actual situation of farmers due to lack of collateral, high loan threshold, the prevalence of private high-interest financing, and tight capital supply, actively explore the operation mode suitable for farmers’ production, establish It is based on the mutual assistance and cooperation of farmers’ funds, which is really in line with the development status of rural productive forces and is popular with farmers. A three-in-one commercialized and sustainable financial anti-poverty framework is constructed by the close combination of micro-loans and agricultural materials logistics.” It is worth mentioning that the WeChat public account has not released any news after June 16, 2017.

According to the above-mentioned “‘three-in-one’ operation mode”, Ningxia Zongzheng Co., Ltd. has launched businesses such as rural mutual fund assistance, small loans, and rural fund logistics information adjustment.

According to a 2014 research report by the Ningxia Research Team of the Golden Media Alumni Association of the PBC School of Finance, “Ningxia Zhanzheng Company broke the lending method of simply issuing cash, created financial services for the agricultural industry chain, and used agricultural materials as ‘lending materials’. It not only provides farmers with pre-production services such as seeds, fertilizers, and pesticides, but also incorporates technology, marketing and other mid-production and post-production services into the field of vision, becoming a bridge connecting scattered farmers with the big market.”

The research report mentioned, “The embossed characters ‘Farmers are the most honest, we are the trustworthy friends of farmers’ hanging in a prominent position in the business hall of Ningxia Zhangzheng Company are particularly conspicuous. According to the chairman of the company, this simple sentence is not simple. Certainly not in other commercial and financial institutions, as soon as farmers enter the door and see this word, the distance is shortened a lot.”

(This article is from CIC, for more original information, please download the “CIC” APP)

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