A Wealth Management Product Fails in China. So Who Pays?
(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.
- Organ Transplants Enter New Phase of Donations, Official Says
- Underground Disturbance
- Home Burial
- Closer Look: So Apple and Alipay Are Getting Married? Not So Fast
- Job Websites Adapt to Changing Industry by Targeting Individuals, Special Groups
- Graphic: Rising Tide of Investment
- Closer Look: CSRC Should Review Its Approvals-Based IPO System
- China's Growing Private Sector
- Advisory Body Votes to Raise Subway, Bus Fares in Capital
- Earning Trust of the People Requires Rule of Law
- Sign up to receive our free daily newsletter
- Rise and Fall of a Coal Boomtown in Shanxi Province
- Chinese Comfort Women: Testimonies from Imperial Japan's Sex Slaves
- Researchers Cast Doubt on State Council Goals to Cut Air Pollution
- Which Way for Smartphone Swipe and Pay?
- What is Authoritarianism?
- Zuckerberg Impresses Tsinghua Students with His Chinese, Even Talks Tech
- Alibaba Shopping Site Red-Faced after Number of Phone Orders Faked
- For China's Property Market, All Is Not Lost
- Cai Jinyong: A Chinese Voice at the Top of IFC
- Ministry Said to Propose Local Gov'ts Issuing Bonds to Cover Debts