Qian Fenglei, a wealthy businessman from Zhejiang, is suspected of selling unlicensed collective investment schemes in Hong Kong.
He combines stablecoin investments and secondary market activities, profiting from both the stock market and cryptocurrency. The incident was revealed by Caixin.com, drawing significant attention in Hong Kong's financial community in 2025.
MAIN CONTENT
Qian Fenglei combines stablecoin investment and the secondary market, gaining double profits.
Suspected of selling unlicensed collective investment schemes publicly in Hong Kong.
He was once highly regarded and a close friend of Jack Ma, with many charitable activities.
Who is Qian Fenglei and what is his career journey?
Qian Fenglei is a wealthy businessman from Zhejiang, China, known for his investment in stablecoins and activities in the secondary cryptocurrency market. He was seen alongside Jack Ma when Alibaba was listed in the U.S. and is famous for his philanthropic activities, affectionately called 'Qian Duoduo' by the artist Li Yapeng.
Before attracting attention with investment projects, Qian had a serious accident in Hong Kong that required hospitalization. By 2025, he re-emerged in public with a promotional video portraying himself as a 'billionaire' in the heart of Hong Kong's financial center.
Why is Qian Fenglei suspected of violating the law in Hong Kong?
Credible sources indicate that Qian and his controlled companies, including Hengfeng International, have offered collective investment schemes that have not been approved by the Hong Kong Securities and Futures Commission. This behavior may seriously violate financial regulations, posing significant risks to investors.
"Offering unlicensed collective investment schemes can lead to serious legal consequences and undermine market trust."
Mr. Chan Wai Man, financial analyst at the University of Hong Kong, 2025
The combination of stablecoin investment and secondary market activities by Qian also creates an opaque investment environment, posing many risks of manipulation or financial fraud.
What are the notable marks and relationships throughout Qian Fenglei's career?
Qian was once highly regarded for his friendliness and philanthropy, with his charitable activities earning him the nickname 'Qian Duoduo' from the famous artist Li Yapeng. He also has a close relationship with Jack Ma, regarded as friends in the Chinese financial community.
"Qian is not only a successful businessman but also a positive contributor to the community."
Li Yapeng, actor and philanthropist, 2017
This is also the reason Qian once gained significant trust not only in the investment community but also in the social community, before getting embroiled in recent financial misconduct suspicions.
What are the risks and impacts from the Qian Fenglei incident on investors in Hong Kong?
The issuance of unlicensed collective investment schemes poses extremely high financial risks for buyers, potentially leading to total loss of capital and legal violations. This undermines general trust in the cryptocurrency market and investment products in Hong Kong.
Legal and financial experts advise investors to be cautious, participating only in products certified by the Securities Commission to avoid unnecessary risks.
Frequently Asked Questions
Who is Qian Fenglei?
Qian Fenglei is a famous Chinese businessman specializing in stablecoin investments and activities in the cryptocurrency market, previously having a close relationship with Jack Ma and being known for his charitable activities.
Why is Qian suspected of selling illegal investment schemes?
He and the related company are accused of offering collective investment schemes that have not been authorized by the Hong Kong Securities and Futures Commission, violating Hong Kong's financial market laws.
What should investors do to avoid similar risks?
Only participate in projects approved by regulatory authorities and undergo transparent scrutiny, while enhancing thorough information research before investing.
How does Qian Fenglei influence the cryptocurrency market?
His behavior raises concerns about the transparency and safety of cryptocurrency investment products in Hong Kong, negatively affecting investor confidence.
What are the positive marks of Qian in the past?
He was once highly regarded for his charitable activities and was a close friend of Jack Ma, building a reputation in the finance and social community before facing the scandal.
Source: https://tintucbitcoin.com/qian-fenglei-lien-quan-stablecoin-lua-dao/
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