——————Continuing from the previous text——————

It can be said that the environment at the time was one of nationwide entrepreneurship, and everyone had great hopes for society and life. The society was in a period of rapid development, people had hope, the country had faith, all industries were flourishing, everyone had money on hand, and dared to invest. At that time, Li Keqiang also mentioned the vigorous development of internet finance!

Just when everything was thriving, a policy came out from the Qing Dynasty, imposing a one-size-fits-all approach to all financial platforms, and the industry had to start rectification! As the leading platform, E-rent Treasure could not escape this either. I had invested in a three-month term, and just two and a half months in, the platform was already stalling withdrawals. The founder was taken in for questioning.

At that time, I was still very naive, thinking this was just temporary. People in the group comforted each other, saying not to worry, that we would definitely be able to withdraw safely, and that the platform was still with us, reassuring us! I believed it. After more than ten days, the founder still hadn’t come out, but someone said he would be out in a few days.

Later, some people panicked and began to assert their rights. Everyone started collecting evidence to report to the police, but personally, I felt there was little hope, as I knew how deep the water was. Eventually, even if we had evidence, the money could not be retrieved temporarily, because this case involved 34 billion, and there were many people involved, almost all the pensions of the elderly across the country were at stake!

However, after a few years when the case was judged, the investors could only get back 36% of their principal. They needed to register at the police station with their ID card and the phone number registered on the platform, or register online. In any case, getting the money back was very troublesome, requiring procedures and registration of all kinds of information. After three or four years, who would still remember that information? Anyway, I didn’t register, and I didn’t get anything out. This was my first investment being cut, and it was on a platform that had even been on CCTV; isn’t this just our own people harming their own people? [Bitter] So at that time, I gained some basic understanding of these matters!