Liu Genghong Sued for 7 Million Debt After Acting as Guarantor, New Financial Issues Revealed

Liu Genghong has made a name for himself in mainland China with his health exercises in recent years, yet his financial status remains a mystery. Reports indicate that he faced foreclosure due to loan issues back in 2018. Recently, it has emerged that he acted as a guarantor for stock market tycoon Shi Jinseng, borrowing 7 million yuan, which has not been repaid for 9 years, leading to a court case.
In 2013, Liu partnered with Wang Shijun to open a restaurant but faced financial troubles, leading him to borrow 7 million yuan from Shi for cash flow, which resulted in bounced checks. During the court proceedings, Liu and Wang’s repayment agreement was not adequately fulfilled, prompting the court to order Liu to repay the principal along with interest.
Recently, Liu has gained popularity through live streaming workouts during the pandemic, greatly increasing his wealth, but he also faces ongoing financial burdens. Moreover, after being criticized for inappropriate behavior at a concert, Liu’s public image has taken a hit.