Caixin OnlineFinance & EconomicsTop Stories Finance
A Wealth Management Product Fails in China. So Who Pays?
A Wealth Management Product Fails in China. So Who Pays?
After Huaxia investors put millions into a plan they thought was guaranteed and a businessman apparently stole the money, bickering has erupted about compensation
RELATED POSTS
![]() |
(Shanghai) – A crowd of angry investors packed the Shanghai branch of Huaxia Bank on December 3.
They had heard the first of four phases of repayment in a 119 million yuan wealth management plan had not been made and demanded Huaxia return their investments.
Among the protesters was a factory owner from nearby Ningbo who rushed to Shanghai with his wife and groom-to-be son after hearing his investment was in trouble.
RELATED POSTS
COMMENTS (0)
- Marriage, Sex and Character
- China Railway Corp. to Issue Bonds
- Passage to History
- Don't Expect Praises
- Investment in Agriculture Climbs
- Final Fantasy
- A Foul Find
- In Friday's Papers: Cabinet to Reduce Red Tape, Nationwide Inspection on Health Food
- Healthcare Needs Fundamental Reforms, Experts Say
- Healthcare and One-Child Policy: China's Ticking Bomb
- Sign up to receive our free daily newsletter
POPULAR STORIES
- Why Foxconn's Switch to Robots Hasn't Been Automatic
- Too Big To Fail Is Bigger than Ever
- Steel Industry Forges Ahead with Reform
- Graphics:Gold Consumption Jumps to Record High in Q1
- Delicacies of the Chinese Dream
- Deputy Shanghai Mayor 'to Take over at CIC'
- Closer Look: Divining Clues on the Future of Reform
- Investment Company Asks: Can We Legally Short Sell?
- Playing the Long Game
- The Real Reason the Stock Market Is Slumping
Latest Issue



































