China fearful of $2.7 trillion ponzi scheme

Dec 5, 2012

An investor protest over the sale of certain ‘wealth management’ products has raised concerns over a largely unregulated industry that threatens to undermine China’s financial system.

China fearful of $2.7 trillion ponzi scheme

Concerns are growing about a potential ponzi scheme in China after investors protested at a branch of Huaxia Bank in Shanghai this week over products they claim have failed to pay out.

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