Caixin
Sep 09, 2018 12:49 PM
FINANCE

In Depth: Is China on Verge of Private Equity Implosion?

Fuxing Group investors display banners calling for the conviction of the wealth management group's leaders, outside Shanghai police offices on Aug. 31. Photo: Fuxing investors
Fuxing Group investors display banners calling for the conviction of the wealth management group's leaders, outside Shanghai police offices on Aug. 31. Photo: Fuxing investors

A group of unhappy investors arrived at the headquarters of Shanghai’s economic crimes police on the morning of Aug. 31 to deliver embroidered banners.

They were protesting — in a distinctly Chinese way. The banner embroidery said, “Support the Arrest and Conviction of Fuxing’s Swindling Cronies” and “We Expect What Was Stolen to Be Returned to the People ASAP.”

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