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Wechat Suspends Mini Gold Programs for Redemption Crisis and Fear of “Pre-Priced Gold”
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A redemption crisis linked to Shenzhen Jieworui Jewelry triggered alarms about the “pre-priced gold” model and led WeChat to suspend several mini trading programs. With claims that, according to video reports, would already exceed CNY ¥10,000,000,000, the episode revives the debate about whether these platforms sell gold investment or a speculative scheme close to betting. *** A Luohu district working group in Shenzhen reported that Jieworui Jew…
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