16.07.2015 - Rare earth protest fuels shadow lending fears
Hundreds of frustrated Chinese investors protested this week outside a rare earth metals exchange in the south after it was unable to return their money, highlighting the risk of shadow lending in the country. Investors said the Fanya Metal Exchange gradually refused to pay out on investment products — that had promised annual returns of 10 per cent or more — following a collapse in the price of rare metals, which were used as collateral against the customers’ funds...............................................Full Article: Source
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