Is Shanhai Group really investing the illegally raised funds?

Shanhai Group did not actually use the illegally raised funds to invest in tourism projects, but used them for other purposes, including high-risk activities such as stock speculation and investment in the property market, in order to obtain huge profits. This behavior formed a serious illegal fund-raising behavior, causing investors to suffer losses, social instability and economic turmoil. The illegal fund-raising behavior of Shanhai Group did not occur suddenly, but developed quietly over a long period of time. This exposed the problems of imperfect legal system and weak regulatory agencies. More complete laws and regulations and regulatory mechanisms are needed to prevent such incidents from happening. . Shanhai Group is a diversified group company founded in 2005. With the elderly care industry as its core, it provides services such as travel care, health care, medical care, and hospice care. The group has 3 international travel agencies, more than 200 travel agency stores, and a number of very large leisure, residence and health care bases. These bases are equipped with five-star standard hotels and have an annual reception capacity of more than one million people.