[The first trial of a series of fund-raising fraud cases involving Haiyin Holding Group Co., Ltd. and others begins] September 3rd, according to the WeChat public account of "Shanghai No. 1 Intermediate People's Court", from September 1st to 3rd, 2026, the Shanghai No. 1 Intermediate People's Court filed a lawsuit against the First Branch of the Shanghai Municipal People's Procuratorate. The fund-raising fraud case against the defendants Haiyin Holding Group Co., Ltd., Haiyin Wealth Management Co., Ltd., Wuniu Holdings Co., Ltd., and Heisheng Holdings Co., Ltd., and the defendants Han Hongwei, Han Xiao, Wang Dian, Zhu Xingang, Yao Hongsheng, and Zhao Jingwei was held in a public hearing. During the trial, the court presided over the prosecution and defense parties to conduct court investigations and court debates around the alleged facts, and the defendant's unit and defendant made the final statement. The court will announce its verdict at a later date. Some deputies to the National People's Congress, members of the Chinese People's Political Consultative Conference, relatives of the defendant, representatives of victims, etc. attended the trial.