{"id":47087,"date":"2015-05-13T23:49:00","date_gmt":"2015-05-13T23:49:00","guid":{"rendered":"http:\/\/127.0.0.1:10081\/?p=47087 "},"modified":"2015-05-13T23:49:00","modified_gmt":"2015-05-13T23:49:00","slug":"47087-revision-v1","status":"publish","type":"post","link":"https:\/\/minzhuzhongguo.org\/?p=47087","title":{"rendered":"Some 2,000 Angry Investors Protest Losses in China\\’s Sichuan"},"content":{"rendered":"
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2015-05-13<\/div>
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Investors call for an investigation of their missing money outside the police department in Chengdu, capital of southwest China’s Sichuan province, May 3, 2015.<\/div>
(Photo courtesy of the 64Tianwang.com human rights website)<\/div>
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Around 2,000 disgruntled creditors gathered outside government buildings in the southwestern Chinese province of Sichuan on Wednesday in protest over lost investments in a local finance company, participants said.<\/div>
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More than 3,000 small investors had poured a total of 1.2 billion yuan (U.S. $193 million) into the Chengdu Aobang Financial Guarantee Co. to act as a property developer and lender to small and medium-sized enterprises seeking credit, protesters said.<\/div>
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“More than 2,000 are here today,” protester Li Min told RFA from the protest outside the municipal police department in the provincial capital, Chengdu.<\/div>
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“This is about the Aobang investment company, which is a developer investing in property, and a number of other forms of investment,” he said.<\/div>
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“The police chiefs have come out, and a few of them are talking to our representatives and spokespeople right now,” Li said.<\/div>
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“Some 3,000 people have been negatively affected by this.”<\/div>
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He said the protesters were being watched by several dozen police.<\/div>
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“There are more than 1,000 people here today, and more than 3,000 people are affected, amounting to more than a billion yuan [U.S. 161.2 million],” investor Yan Tafeng said from the scene.<\/div>
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“There haven’t been any clashes of any kind,” she added.<\/div>
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The investors are accusing the company, and related companies, of fraudulent borrowing and of undermining financial stability, as well as cheating ordinary people out of their hard-earned life-savings.<\/div>
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They are calling on police to investigate the case fully for possible collusion between officials and local business.<\/div>
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Aobang denied the accusations in a statement issued last December, and threatened to pursue those responsible for them through legal channels.<\/div>
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Repeated calls to the Aobang Financial Guarantee Co. rang unanswered during office hours on Wednesday.<\/div>
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An investor surnamed Tian said similar, though smaller, protests had already taken place in recent months.<\/div>
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She said she and a group of several dozen investors are currently gathering evidence to support a lawsuit to reclaim their lost funds.<\/div>
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“This is a nationwide phenomenon, but these companies that raise money, then abscond, have basically been given their business licenses by the provincial bureau of industry and commerce,” Tian said.<\/div>
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For detail please visit here<\/a><\/div>","protected":false},"excerpt":{"rendered":"

<div>More than 3,000 small investors had poured a total of 1.2 billion yuan (U.S. $193 million) into the Chengdu Aobang Financial Guarantee Co. to act as a property developer and lender to small and medium-sized enterprises seeking credit, protesters said.<\/div><div><\/div><\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-47087","post","type-post","status-publish","format-standard","hentry","category-ChinaHumanRights","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"_links":{"self":[{"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=\/wp\/v2\/posts\/47087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47087"}],"version-history":[{"count":0,"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=\/wp\/v2\/posts\/47087\/revisions"}],"wp:attachment":[{"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}