Zhongxin.com, June 16. According to the official Weibo news of Shanghai No. 1 Intermediate People's Court, the morning of June 16, Shanghai No. 1 Intermediate People's Court adopted a combination of online and offline judgments to publicly pronounce judgments in accordance with the law. The defendant unit Shanghai Juru Asset Management Group Co., Ltd. and the defendant Hu Liyong's fund-raising fraud case have imposed a fine of RMB 40 million on Juru Group's fund-raising fraud. The fine is RMB 20 million.

Image source: Official Weibo of Shanghai No. 1 Intermediate Court