Shuibeifang, a silver business in Shenzhen, has been exposed to a financial scandal, leading to losses of tens of thousands to hundreds of thousands of yuan for many merchants. The police have already stepped in.

Silver prices soar, and there are reports of a "silver merchants collapsing" at the Shuibei market in Shenzhen. According to Hua Shang Baos Da Feng News, recently, many netizens in Shenzhen, Guangdong, have posted on social media platforms, claiming that a silver shop in Shuibei suddenly closed down, and many people who had purchased precious metal sheeting there were unable to be reimbursed, and the owner could not be contacted. Mr. Jin, a partner of the silver shop, said that the recent supply of silver materials was tight, but he did not expect the owner of the silver shop to "run away" after receiving money. When he tried to call the owner, he found that the number had been canceled. On the afternoon of the 14th, many people went to the silver shop to demand an explanation. It was heard that the silver shop had about 200 million yuan worth of unredeemed sheeting, and the police have already intervened, with the owner of the silver shop now at the police station. According to Blue Whale News, the collapse occurred at a silver shop named "He Cheng Xing" in Shuibei. Multiple merchants involved revealed to reporters that the rumor of the owner running away is false, as Mr. Zhou did not run away but indeed cannot pay out money or goods.