According to Caixin, Qian Fenglei and Fofund, a wealth management product platform under multiple companies including Hengfeng International, issued a service change notice to investors on July 23, 2025. Fofund, as the fund manager, announced the closure and refund of its fund wealth management products "Duoduo No.1" and "Duoduo No.2". The reports against Qian Fenglei and Hengfeng International have been accepted by the Hong Kong Securities and Futures Commission and the Market Supervision Division of the Hong Kong Stock Exchange. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=46173