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Monday, 11/05/2018 5:44:44 AM

Monday, November 05, 2018 5:44:44 AM

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The recent fake news report that reprinted the nonsensical research report from last year did have an effect for a minute until people stepped in buying. It's interesting I found that the website involved has a history of fake reports to create volatility in the market. Many have gone to jail, here are a few examples, seems things like this are a problem in China right now, and the government is starting to crack down a little harder, we will have to see see how successful they are at doing so.

https://cpj.org/2018/04/china-arrests-journalist-for-spreading-rumors-afte.php

https://www.reuters.com/article/us-china-media-idUSKCN0XK03O

https://www.scmp.com/news/china/economy/article/2091892/anbang-insurance-sue-leading-chinese-financial-magazine-caixin

https://www.hongkongfp.com/2015/08/31/arrested-financial-journalist-apologises-for-causing-stock-market-rout/

When reading the fake news article again something struck me, first with the crying, penniless investors in China, with their starving families at home, left with no money for a hotel with their only option being to sleep on the couch for days at the abandoned offices of CIFS while they look for the CEO that ran off with all the money, why did they not just look in a newspaper as CIFS and everything they are doing in widely circulated in the press and many things they are involved with include many state owned entities.

Here's a PR from a conference CIFS held on September 26, 2018 at the Grand Millennium Hotel, in Beijing. The event was attended by more than 300 business owners, industry leaders and sales agents.

This was supposedly after the CEO and his friends ran off with all the money, leaving everyone destitute.

https://www.prnewswire.com/news-releases/china-internet-nationwide-financial-services-inc-releases-enterprise-edition-of-its-big-data-analysis-and-ai-report-services-300719817.html

This is the hotel which is an internationally recognized 5 star hotel.

http://grand-millennium-beijing.hotels-beijing-ch.com/en/

Now, on Cifs website they have a much different PR for the event, I say different in that it has photos, of the event, the attendees and much more information. Now if this were some scam fly by night company just out to steal US investors money, why in Gods name would they not have their US PR's more like those in China. I will tell you why, the PR's in the US are just that, they are information releases by the company so that investors and the public can keep abreast of what they are up to.

Whereas the Chinese ones and the multiple media publications they do interviews with are for the Chinese business public where they do business. Simple as that, their business market is in China, so of course they throw it all out their in great detail, where as in the US they just PR it, straight and to the point, this happened this day, blah blah.

When the webpage of the link opens up in the top right next to EN click the Chinese characters and the Chinese version of how the company reported the event to the Chinese business public will come up with photo's of attendees and a greater description of the event and what went on.

I am going to use a translator and put the English translation of the event below the link and find some Chinese news media stories on the event. Some of the translation you will have to rethink as its just a translator, like "subversion level and price" probably is better version and better price. Its a translator.

http://ir.cifsp.com/portal/index/detail/id/61.html

"Shengyingxin released the enterprise's comprehensive big data service platform. Subversion level performance and price is expected to bring tens of thousands of enterprises "one step AI""

On September 26, 2018, "We are responsible for the future of AI". The product launch conference of Shengyingxin Jinfu Group (NASDAQ: CIFS, hereinafter referred to as "Shengyingxin") was held as scheduled at the Millennium Hotel in Beijing. This is also the first result of Shengyingxin since the “Fintech GO 2018” Shengyingxin Financial Technology Conference. At this conference, the AnyInfo Enterprise Edition of Shengyingxin Technology Financial Products was officially unveiled, together with the membership brand of Shengyingxin's membership community service brand. This product launch conference gathered more than 300 industry elites, investors, etc. to witness the milestone of Shengyingxin!

Lin Jianxin, Chairman of Shengyingxin, said that in 2018, for Shengyingxin, it was a year of opportunities and challenges. With its profound technical foundation and strong financial strength, the Group took the lead in locating the technology and financial industry and actively promoted financial scenes and frontiers. The deep integration of technology has created many domestic intelligent platforms and technology products. AnyInfo Enterprise Edition uses the artificial intelligence technology to provide complete and comprehensive enterprise and industry information through screening, integration, analysis and mining of massive data. The establishment of the company is based on the accumulation of global business resources of Shengyingxin for many years, and build a membership community service brand for the partners of Shengyingxin. Lin Jianxin hopes that Shengyingxin can achieve the optimal cooperation of “one plus one and two” with each partner!

At the Shengyingxin product launch conference, Ms. Wang Xinjie, deputy editor-in-chief of the National Information Center of the National Development and Reform Commission, and Mr. Pan Haidong, the chairman of Beijing Interactive Encyclopedia Network Technology Co., Ltd., as the heavyweight signing guests, and Shengyingxin Jinfu On behalf of Mr. Li Bing, Vice President of Shengyingxin, the Group formally signed a strategic cooperation agreement and reached comprehensive strategic cooperation.

Ms. Wang Xinjie, deputy editor-in-chief of “Finance and Economics” magazine, said that she will cooperate with Shengyingxin Jinfu Group to provide high-quality resources such as national economic policy interpretation, high-end expert think tank integration and sharing, and international financial forum study tours to the broad range of corporate clients.

Subsequently, Chairman Lin Jianxin and the chairman of the world's largest Chinese encyclopedia website interactive encyclopedia Pan Haidong launched a channel cooperation authorization ceremony. Beijing Interactive Encyclopedia Network Technology Co., Ltd. was officially authorized as “Shengyingxin Jinfu Group 2018-2019 North China Regional Channel Strategic Partner”. As the first channel cooperation enterprise, Beijing Interactive Encyclopedia Network Technology Co., Ltd. enjoys preferentially “High-end authority and high-quality resources, the cooperation amount is 60 million yuan.

After the signing ceremony, Mr. Wang Jianguo, Chief Information Officer of Shengyingxin Jinfu Group, made a speech around the smart investment and financing platform. He said that at this stage, small and medium-sized enterprises are facing financing difficulties, and large enterprises are facing the problem of idle fund management. Despite the abundant financing channels, the complex characteristics of financial institutions make large-scale credit products unknown, and small and medium-sized enterprises cannot obtain enough. Valid information. Even if it is known that there are related credit products, due to the highly specialized characteristics of credit products, various investment and financing methods are not understood. St. Yingxin's smart investment and financing platform has broken the gap between small and medium-sized enterprises and financial institutions through NLP, AI algorithm, big data aggregation and customer lead management.

Mr. Li Bing, Vice President of Shengyingjinjinfu Group explained the highlights of the company's big data platform for the guests, and announced the launch of channel investment and cooperation projects. In an open and efficient manner, all partners are invited to create a future for cooperation. Among them, the comprehensive enterprise service platform entered the market with subversive price, which became the biggest highlight of this conference. The ultra-high comprehensive cost performance reduced the threshold of AI big data management platform to “ignore level”, which is expected to lead tens of thousands of enterprises to AI big data step by step. The era of management.

Shengyingjin Financial Services Group's financial technology business mainly includes supply chain financial services business, big data analysis and AI reporting business, and smart investment research business. Investigate, invest and invest in AI, Shengyingzhizhi Investment Wang Yuqing, CEO of Research (Beijing) Information Consulting Co., Ltd. gave a speech. She said that the current business of Zhisheng Investment Research mainly focuses on enterprise investment and financing services. The team is mainly composed of researchers, financial AI development and AI team. For target companies, we provide services such as corporate think tanks, investment services, and bond financing. Wang Yuqing also elaborated on the subdivided services. The enterprise think tank services include: high-end enterprise think tank salon, macro industry in-depth research report service, company in-depth research report service and enterprise management consulting. Investment services include: global asset allocation recommendations, customized investment planning. Bond financing services include: debt financing.

At this product launch, Shengyingxin showed sufficient strength and confidence to the industry. In the second half of 2017, Shengyingxin's strategic positioning has been upgraded in an all-round way, forming a strategic layout based on existing advantages combined with the diversified development of financial technology. At present, Shengyingxin's financial technology business mainly includes three directions: supply chain financial services business, big data analysis and AI reporting business, and smart investment research business. With the release of AnyInfo Enterprise Edition, Shengyingxin's various financial technology products are also Will be launched online to serve the target customers.