---
title: "It is rumored that the Shui Bei gold material supplier has exploded, \"exaggerated and untrue,\" while many companies are still operating normally"
description: "Recently, there have been online rumors claiming that multiple gold material suppliers in Shuibei have collapsed, resulting in downstream merchants struggling to recover funds. The Shenzhen Gold Jewel"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/257390016.md"
published_at: "2025-09-15T13:34:55.000Z"
---

# It is rumored that the Shui Bei gold material supplier has exploded, "exaggerated and untrue," while many companies are still operating normally

> Recently, there have been online rumors claiming that multiple gold material suppliers in Shuibei have collapsed, resulting in downstream merchants struggling to recover funds. The Shenzhen Gold Jewelry Industry Association stated that the rumors are exaggerated and untrue. After on-site visits, the relevant enterprises are still operating normally. The public security department has intervened in some problematic enterprises, and merchants can protect their rights through legal channels. The public is advised to view online rumors rationally

Recently, rumors have emerged online regarding "multiple gold material suppliers in Shui Bei experiencing defaults and fleeing," claiming that "more than a dozen gold material suppliers in Shui Bei suddenly closed their business locations and ceased communication, making it difficult for downstream merchants to recover prepaid funds, involving over a hundred downstream wholesale merchants." The Shenzhen Gold Jewelry Industry Association stated that it has noticed the relevant situation and that the online rumors contain exaggerations and inaccuracies. After the association conducted on-site visits, many of the companies listed in the rumors are still operating normally. Currently, for the few companies that have encountered problems, the public security department has intervened according to the law, and affected merchants can protect their rights through legal means. It is advised to view online rumors rationally and not to trust or spread unverified information

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.