Fanya officials meet with Shanghai investors

A Fanya Metal Exchange official called on investors to be “more patient” and “have faith” in the bourse on Thursday July 16 in Shanghai.

Nearly 200 investors gathered to meet with Fanya officials in Shanghai, as they requested their money back from the exchange.

It is estimated that 20,000-30,000 Shanghai investors have invested about 5 billion yuan ($800 million) in Fanya, Jiang Chongwang, gm of the exchange’s network marketing department, told Metal Bulletin on Thursday.

A majority of the Shanghai investors meeting with Fanya officials on Thursday have bought into a 180-day asset management product named "Ri Jin...

Published

July 16, 2015

13:00 GMT

Shanghai