Follow-up Developments in the “Jie Wo Rui” Incident (Jan 28–30, 2026)
January 28: Investors gathered outside the Cuizhu Police Station in Luohu District, Shenzhen, Guangdong, to demand their rights.
January 29: Authorities continued to deceive investors into signing “letters of understanding,” pressuring them to give up their rights claims. Those who signed were able to receive cash compensation equal to 20% of their losses.
January 30: Dozens of investors went to the registered address of “Longyejin,” a company affiliated with “Jie Wo Rui,” to demand accountability. Clashes broke out between investors, company staff, police officers, and a large number of men dressed in black. Several rights defenders were detained at the scene.
On Jan 25, CCP authorities sent 100+ police to forcibly demolish a temple in Panling Village, Fujian, injuring villagers who resisted. Locals say the temple, built 5 years ago with 2 million RMB of their own money, faced no government opposition during construction.
Hundred-Billion-Yuan Gold Scam Erupts in Shenzhen, Thousands of Investors Clash with Police While Defending Their Rights (2026.01.27)
On the afternoon of January 27, 2026, a large-scale investor rights defense incident broke out in Shuibei, Shenzhen—the largest gold and jewelry trading hub in China. Thousands of investors from across the country gathered on the streets of Shuibei, demanding the redemption of their principal and the delivery of physical gold. The protest at one point escalated into physical confrontations, with multiple investors forcibly detained by police.
The collapse involves Jie Wo Rui Jewelry and its affiliated mini-programs, “Longye Gold” and “Jincheng Golden World,” which began experiencing redemption freezes starting January 19. According to victims’ own collective estimates, the number of people affected may exceed 150,000, with losses reaching an enormous scale—unofficial estimates place the total amount involved at as much as 13.3 billion RMB. It is reported that the company originally engaged in traditional gold trading before shifting to a so-called “pre-priced” business, a disguised futures operation that allowed users to participate in high-leverage trading with extremely low margin requirements. This model—essentially an illegal off-exchange “private market” betting scheme—collapsed completely amid sharp gold price fluctuations and a breakdown of the capital chain.
In addition, Jie Wo Rui used promotions such as “zero processing fees” and “high-price buybacks” as bait. Despite knowing it no longer had the ability to settle payments, the company continued aggressive promotion on social media platforms such as Xiaohongshu, inducing customers to mail gold and silver to its offline stores. After taking possession of the physical precious metals, the company delayed or outright refused payments under various pretexts, and then ultimately disappeared.
Beginning January 20, investors gradually converged on Shuibei in hopes of recovering their funds. Some even slept on the streets in the freezing winter, creating scenes that were deeply distressing. Despite the worsening situation, Zhang Zhiteng—the de facto controller of Jie Wo Rui—maintained a tough stance in videos he released. On the one hand, he publicly claimed he had “not fled” and blamed the situation on frozen bank cards; on the other, he reportedly mocked investors in private remarks, stating that funds had already been dispersed into accounts under relatives’ names, that he was not afraid of legal action, and even taunted: “Let’s drag it out—who can outlast whom.”
Meanwhile, local police delayed formally opening a case, citing the matter as an “economic dispute.” For more than a week, Zhang Zhiteng was not subjected to any coercive measures. At the same time, local authorities sought to persuade investors to accept highly unreasonable repayment proposals put forward by Jie Wo Rui, such as a “20% buyback,” which investors firmly rejected. Some rights defenders were detained for refusing to “cooperate.” In response, netizens angrily questioned: “Isn’t the cost of running away far too low? Owing so many people such a huge amount, yet the boss can still come and go freely as if nothing happened?”
According to multiple eyewitnesses on the scene, police on January 27 appeared to side with Jie Wo Rui, triggering clashes that led to several investors being detained or even beaten. Some investors were reportedly arrested simply for taking out their phones to record what was happening.
On January 28, the Luohu District government of Shenzhen released an official statement confirming abnormal operations at Jie Wo Rui and announcing the establishment of a special task force to intervene. However, with offline stores already abandoned and assets suspected to have been transferred, whether the hard-earned savings of more than 100,000 affected families can be recovered remains a major unanswered question. The incident continues to unfold.
On January 27, workers at the Hainan Changjiang Nuclear Power Plant operated by China Nuclear Industry 22nd Construction Co., Ltd. went on strike to demand unpaid wages.
On January 27, hundreds of workers blocked the entrance of the state-owned Shanxi Coking Coal Group, protesting the company’s wage arrears and a 500-yuan pay cut. They demanded the resignation of Wang Qiang, the Party secretary and chairman of the group.
January 24, farmers from Ganhe Farm in Hulunbuir, Inner Mongolia, gathered at the Moqi Public Security Bureau to protest the police detention of rights defenders. After the land they had reclaimed was taken over by the farm and land rents were raised, farmers from Ganhe Farm launched a rights-defense action earlier this January.
January 21, at the Lujia Courtyard resettlement site in Zhenxiong County, Zhaotong, Yunnan, a conflict broke out after urban management officers forcibly dismantled street stalls, resulting in a female vendor being knocked to the ground and injured.
On the evening of January 25, at the rights-defense scene involving Jie Wo Rui Jewelry in Shuibei, Shenzhen, Guangdong, one protester was beaten by several officers. Jie Wo Rui Jewelry has recently collapsed, and it is reported to have taken off with tens of billions of yuan.
January 24 — Dajiang Middle School in Pingnan County, Guigang, Guangxi, canceled the weekend break and required students to remain on campus for study, triggering a collective protest by students. Videos show large numbers of students gathering at the school gate to protest and eventually breaking through security barriers and leaving the campus.
“Villagers in Weixin, Yunnan Repel Government Personnel Carrying Out Forced Demolition with Bricks and Stones (2026.01.20)”
On January 20, 2026, a demolition-related clash occurred in Zhaoxi Town, Weixin County, Zhaotong City, Yunnan Province. Faced with an aggressive forced-demolition team, local villagers resisted by throwing bricks and stones, successfully driving the demolition personnel away.
The incident arose after several residential houses in the Huangjinao villagers’ group of Tianba Community, Zhaoxi Town, were suddenly designated by the local government as “illegal buildings.” In a “Notice of Illegal Construction” posted on the exterior walls of the houses, the Zhaoxi Town government claimed that the properties had been “constructed on cultivated land without authorization” and ordered homeowners to “demolish them voluntarily” within three days, warning that otherwise the government would “demolish them in accordance with the law.”
Villagers strongly rejected this claim. They pointed out that the houses labeled as “illegal” had been built and occupied for more than twenty years and were their only homes. In the villagers’ view, the sudden designation of their homes as “illegal constructions” was not driven by land-management needs, but by the local government’s plan to promote a real estate project in the area known as “Hot Spring Town.” After villagers refused to relocate under a low compensation standard, the Zhaoxi Town government allegedly began applying pressure by citing “illegal construction.”
Beginning on January 13, villagers started gathering around their homes day and night to resist the forced demolition. Videos filmed by villagers show that on the day of the attempted demolition, dozens of government personnel—including a town Party secretary—arrived at the site carrying tools such as hammers and crowbars, appearing aggressive. In front of a building displaying a banner reading “Private residence. Unauthorized entry prohibited. Consequences at your own risk,” officials began forcing the door open. At that point, villagers on the rooftop started throwing bricks and stones downward. Confronted with the barrage, the government personnel quickly retreated. They later attempted to approach the building again but were unsuccessful due to the continued throwing of bricks and stones from the rooftop.
As of January 24, villagers remain on watch around their homes. While the local government has not taken further action, it has also not publicly stated whether it will abandon the forced demolition. Both sides are currently locked in a standoff.
