Caixin: Qian Fenglei's stablecoin investment and financing project is suspected of selling multiple unregulated collective investment plans to the public in Hong Kong

According to Caixin, the Qian Fenglei stablecoin investment and financing project, known as the "billion dollar tycoon," is suspected of selling multiple unregulated collective investment plans to the public in Hong Kong by combining secondary market operations and dual circulation in the stock market and cryptocurrency circles. It is reported that more than four years ago, Zhejiang tycoon Qian Fenglei, who was stabbed and hospitalized in the center of Hong Kong, returned to the public eye in a high-profile manner in early 2025 by filming a video with the internet celebrity "billion dollar tycoon" in Central Hong Kong. Half a year has passed, and recent sources close to the Qian family have revealed that Qian Fenglei and several companies under his actual control, including Hengfeng International, are suspected of selling multiple collective investment plans to the public in Hong Kong that have not been recognized by the Hong Kong Securities and Futures Commission. When Alibaba went public in the United States, Qian Fenglei stood beside Jack Ma and was regarded as a "friend of Jack Ma". In the past, he was also dubbed "Qian Duo Duo Duo" by actor Li Yapeng due to his involvement in charity work.