Overseasidol.com — On May 29, the management team of Will Liu Genghong issued an official statement denying recent allegations that the entertainer had failed to repay a personal loan for nearly a decade.
The clarification came after media reports claimed Liu had borrowed money from a wealthy stock market investor and had yet to settle the debt, prompting a lawsuit and court involvement.
In response, Liu’s studio firmly stated that he was never the actual borrower, but had only served as a guarantor out of goodwill and friendship.
The statement emphasized that Liu fulfilled his responsibilities as a guarantor by covering the debt, even though he was not the original debtor.
“This was a private financial dispute that was legally resolved in January 2024,” the studio declared.
Furthermore, they refuted claims made by some media outlets suggesting that journalists had contacted Liu or his management for confirmation.
“No such requests were ever received,” the statement noted.
When the controversy first surfaced, Liu’s wife, Wang Wanfei, who also manages his career, declined to comment, citing the matter as a “personal issue”,
However, as rumors spread and public speculation intensified, Liu’s team decided it was necessary to provide an official explanation to protect his reputation.