Caixin OnlineFinance & EconomicsTop Stories Finance A Wealth Management Product Fails in China. So Who Pays?
12.06.2012 16:22

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
By staff reporters Shen Hu and Li Xiaoxiao
 
a

(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.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter

LATEST VIDEOS

Latest Issue
On the Cover:

Transparency Time

After securing clients in 170 countries, the telecom gear-maker Huawei is stepping out of the shadows


Issue 87
March, 2015

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Transparency Time
After securing clients in 170 countries, the telecom gear-maker Huawei is stepping out of the shadows
Issue 87
03.01.2015

Subscribe       |       Newsletter        |        FAQ