Chinese Police Special Forces confront investors of failed financial product

[Runifyouhaveto]

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

 

[Runifyouhaveto]

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%

 

[Thick Face Black Heart]

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

 

[The Penetrator]

China special forces is those in tuina massage shop !

 

[palden]

Haha. Agreed.

 

[virus]

so how much shares does temasek hv on them?

http://www.theedgesingapore.com/component/content/32469.html?task=view

Temasek buys China Construction Bank shares for $3.4b: Update

http://www.bloomberg.com/news/2012-05-02/temasek-selling-2-4-billion-in-boc-china-construction.html

Temasek Raises $2.48 Billion Selling China Bank Shares

 

[Niigo]

China special forces is those in tuina massage shop !

That is exactly what they are good at.... the world would be a far more better place w/o them.

 

[Tuayapeh]

Sounds like the fraudsters got some pretty powderful connections to the prc police hor??