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Chinese Police Special Forces confront investors of failed financial product

Runifyouhaveto

Alfrescian
Loyal
Chinese investors demanding their money back from a troubled 973 million-yuan ($156 million) high-yield product in Shanxi province were confronted by police in front of a China Construction Bank Corp. branch.

People wearing white masks with the words “despicable bank” and “pay back our money” were among at least 30 investors facing special-forces officers in dark uniforms in Taiyuan city, about 521 kilometers (324 miles) southwest of Beijing.

http://www.bloomberg.com/news/2014-...-demanding-return-of-funds-met-by-police.html
 
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Runifyouhaveto

Alfrescian
Loyal
Re: Chinese Police Special Forces confronts investors of failed financial product

The yield of the collapsed financial product mentioned-above, is 12%.
So many companies issue junk bonds in China.


Even China's famous high-class developer Country Garden issues (junk) bonds at >10% yields.
http://www.poems.com.hk/en-us/product-and-service/bonds/price
COUNTRY GARDEN HLDG CO 02/23/18 - 11.125%
COUNTRY GARDEN HLDG CO 09/10/14 - 11.75%
COUNTRY GARDEN HLDG CO 08/11/15 - 10.5%
COUNTRY GARDEN HLDG CO 04/22/17 - 11.25%

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Thick Face Black Heart

Alfrescian (InfP)
Generous Asset
Chinese investors demanding their money back from a troubled 973 million-yuan ($156 million) high-yield product in Shanxi province were confronted by police in front of a China Construction Bank Corp. branch.

People wearing white masks with the words “despicable bank” and “pay back our money” were among at least 30 investors facing special-forces officers in dark uniforms in Taiyuan city, about 521 kilometers (324 miles) southwest of Beijing.

http://www.bloomberg.com/news/2014-...-demanding-return-of-funds-met-by-police.html



The Chinese don't have special forces. They only have a large army of cheap soldiers some of whom have more skill sets and are trained in recon and demolition work. To call these special forces is an insult to real special operations forces in the developed world
 

Tuayapeh

Alfrescian (InfP)
Generous Asset
Sounds like the fraudsters got some pretty powderful connections to the prc police hor??
 
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