Is it illegal to raise funds in Quzhou Saide Health Town?

Yes According to public reports, Quzhou Saide Health Town is suspected of illegal fund-raising. 20 19 1 1 The Public Security Bureau of Quzhou City, Zhejiang Province issued a notice saying that the company was suspected of illegal fund-raising and had been put on file for investigation by the police. It is reported that the company illegally raised funds from the public with high returns without approval, which is suspected of violating the relevant provisions of the Criminal Law of People's Republic of China (PRC). In addition, the Quzhou Municipal Government has also issued an announcement in official website to warn Saide Healthy Town, reminding citizens not to believe in the temptation of illegal fund-raising and avoid economic losses. Therefore, according to public reports, Quzhou Saide Health Town is indeed suspected of illegal fund-raising.