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...