315 Evening Gala Exposes Stock Recommendation Revenue Sharing Fraud, 3.58% of FinTech-Related Enterprises Have Faced Legal Disputes

GateUser-bd883c58 · 2026-03-16T04:56:25+00:00

The 315 Gala exposed a stock recommendation kickback scam operated by fintech enterprises, where related institutions lured investors with promises of "50-50 profit sharing," while lacking legitimate financial licenses. Data shows that the number of fintech enterprises in China has grown year-over-year, but risks such as legal litigation and abnormal operations also persist.

GateUser-bd883c58

2026-03-16 04:56:25

Abstract generation in progress

The 315 Gala exposes a scam involving financial technology companies sharing stock recommendation commissions. Some organizations, under the guise of technology, lure investors with the promise of “50/50 profit sharing.” 315 investigators tested TianShun Investment’s behind-the-scenes company XinBenKe, which has no financial qualifications, relies on the boss’s arbitrary stock recommendations, and where profits and losses disappear, creating a black chain of guaranteed profits.

According to Tianyancha Professional Edition, as of now, there are over 47,000 existing and active financial technology-related companies in China. From the trend in company registrations, over the past five years, the number of financial technology-related companies has been increasing year by year, reaching a peak in 2025.

Tianyancha risk data shows that among companies engaged in financial technology-related businesses, 3.58% have faced legal lawsuits, 3.34% have experienced abnormal business operations, and 0.71% have been subject to administrative penalties.

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