CRRC Group Issues Stern Statement Against Fraudulent Apps

Deep News
Jan 31

On January 31, CRRC Group announced via its official WeChat account that the company has discovered不法分子冒用公司名义, using applications named "中国中车CRRC," "中国中车," and "中车风电" to conduct illegal fundraising scams. These apps employ a pyramid scheme operation model, fabricate investment projects, and promote so-called wealth management plans offering daily interest payments, principal return at maturity, and high returns. This activity severely infringes upon the company's reputation and legitimate rights and interests, posing a significant threat to public property safety. The company hereby issues the following stern statement:

First, our company has no association whatsoever with the apps named "中国中车CRRC," "中国中车," and "中车风电." Our company has never developed, operated, authorized, or participated in any activities related to these apps or their operators. All so-called "investment projects," "internal share offerings," and advertised "high returns" are fraudulent and have no connection to our company.

Second, these apps exhibit clear illegal characteristics, and the public is urged to be highly vigilant and avoid being deceived. These apps cannot be downloaded through any official channels (such as the Apple App Store or major Android app markets) and are only distributed via social platforms like WeChat groups and Moments through private links or QR codes. They often use overseas servers to evade domestic regulatory systems. When encountering such apps with obvious illegal features, remain cautious: do not trust easily, do not scan QR codes, do not download, and do not transfer money.

CRRC Group stated that it has not authorized any individual to release wealth management information, internal project details, or links to investment apps via WeChat groups or Moments. The public is advised to exercise heightened vigilance and refrain from making any form of financial investment through these apps or similar illegal channels. If you have inadvertently participated and suffered losses, please immediately report the incident to your local public security authorities.

CRRC Group consistently adheres to lawful and compliant business practices, strictly complies with national laws and regulations, and firmly opposes any form of fraudulent activity. The company extends its gratitude to all sectors of society for their long-standing trust and support.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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