Zhijin Center, a Chinese financial platform, and Xiangyuan Holdings are embroiled in a liquidity crisis, with over 20 billion RMB in 'stable wealth management products' reportedly unredeemable. Investors have gathered outside Zhijin Center's Shaoxing office demanding compensation. The platform's app was taken offline for 'system upgrades' on November 27, and no repayment plan has been announced. Xiangyuan Holdings' subsidiaries, Xiangyuan Cultural Tourism and Jiaojian Co., have denied responsibility for the defaulted products. The funds were allegedly invested in stalled real estate projects managed by Xiangyuan, exacerbating the financial turmoil.