Key facts
- Two cross-border investment failures occurred in the summer of 2026.
- Huang Jing, a Shanghai resident, claims over 10 million yuan ($1.5 million) of her savings are tied up in an investment linked to Hong Kong IPOs.
- The investment was promoted by ZD Group.
- The cases have landed on the desks of Hong Kong police investigators.
Two cross-border investment failures in the summer of 2026 have prompted investigations by Hong Kong police. One investor, Huang Jing, a woman in her 30s from Shanghai, stated that over 10 million yuan ($1.5 million) of her savings are entangled in an investment promoted by ZD Group, which is linked to Hong Kong initial public offerings (IPOs). The article notes that Xingqiao Capital's office was closed with no staff present on August 21, 2026.