Zhang Xiaolei, the chief of China-based online finance platform Qbao.com, wanted by a police officer, was handed over to security forces on December 28, 2017. It has been revealed that irregularities have been made and unfair earnings have been made in Qbao.com site, which has allowed investing in its members and broking more than 7.6 billion dollars to date. According to the information received, the company, which brokered more than 7.6 billion dollars, provided more than 40 percent of the proceeds from the transactions.

According to the Pymnts site, the formations that provided micro-investment over the Internet were under a surveillance investigation by the Chinese government. Some companies allegedly involved in irregularities were closely followed, and this was reported by Reuters.

The regulatory bodies responsible for reducing the risks in the online finance industry, which is popular in China, have decided to restrict the approval process for micro-investment firms. The Chinese government also said; the happiness chains have pledged to intensify the fight against financial crime in order to protect national security and overcome financial risks, depending on the increase in fraud and illegal fundraising activities.

We all want to get caught up with companies that provide unfair profits. These gains are taking you out of my pocket. I hope the states will work more. They will stop such situations.