Why did Xiaoshan Jinma go bankrupt?

Xu Jianchu, Chairman of Jinma Group, failed to invest heavily in Northeast China. The whole Jinma Group began to get into trouble and was sued by many banks and loan companies. Jinma Hotel, a valuable hard asset under its name, finally came to the point of being auctioned. At present, Xu Jianchu, the former chairman of the board of directors, has also been included in the list of people who have lost their trust, which is really embarrassing.

It is worth mentioning that Jinma Hotel is only about 800 meters away from Hangzhou South Railway Station under construction. After Hangzhou South Railway Station is officially opened and put into use in the future, Golden Horse Hotel will be the luxury hotel next to it, which is good news for Golden Horse Hotel.