If the fund-raising project is not approved by the government, it must not continue to operate. There are many serious risks and hazards in unapproved fund-raising activities, which will cause huge losses to participants and disrupt financial order and social stability. Illegal fund-raising is an illegal and criminal act and is not protected by law. The correct approach is to stop relevant activities immediately, properly deal with existing situations, such as returning the funds raised, actively communicating with investors to explain the situation, etc., and take the initiative to report to the relevant regulatory authorities, cooperate with the investigation and handling, and bear corresponding legal responsibilities to avoid more serious consequences due to violations of laws and regulations. Any fund-raising behavior should strictly abide by laws, regulations and regulatory requirements, and take a legal and compliance path to protect the legitimate rights and interests of all parties and the healthy and stable development of social and economic development.