any p2p lending that claims a yield of over 6.9% every 6.9 months in prc is a wet dream. greed knows no bounds especially with chinks.
No worries lah! Commie tiongs are richer than sinkies. They can afford to burn 7 million yuan. LOL!
Social Unrest Breaks Out In China After "Panic" Bank Run On Peer-2-Peer Lenders
As for individual investors such as the abovementioned Peter Wan - who was so sure it is his "right" to be bailed out by the government - the pain is acute. He and his family had invested 7 million yuan - their life savings, with which they had planned to use to buy a home at the end of the year - in two P2P platforms that have shut down.
"They recovered none of their investment."
Anything that has anything to do with PRC is doomed to failure.
At the moment anything that claims a 5% return or more should set alarm bells ringing. Of course the Chinese are too blinded by greed to think rationally.
The fund I held have been returning in excess of ~8% in dividends for the last 5 years and a modest paper gain of ~3%. If your investment in making less than 5%, it is very mediocre as it is barely enough to coverage inflation.
no wonder AMDK is the bestThe chinks don't have a clue when it comes to risk assessment. That's why they will never be world leaders in anything.
Anything that has anything to do with PRC is doomed to failure.
no wonder AMDK is the best
amdk understand risk assessment well
they willingly and knowingly let Bernard Madoff ripped them off.
amdk are not greedy , they are street smart and financially well informed
so clever amdk bought shares of enron [a company that practised creative accounting
, in collusion with Arthur Andersen] , because it was named
America's Most Innovative Company for 6 years in a roll.
amdk the best that why they are leaders
Mudland has money game and 1mdb, china has P2P, Peesai had GIC and Temasick.... It's all in good company...