Yunnan tells Fanya investors to make claims before end-June

Yunnan’s regional government has urged investors in the collapsed Fanya minor metals exchange to put in claims for their investments before the end of June, according to a statement on the Kunming local government website on June 22.

Fanya assets and capital, “including about 70,000 tonnes of non-ferrous metals”, have been seized by the Kunming police, the statement said. This is the first time that the Yunnan government has presented a deadline for victim registration, which may indicate the investigation is coming to an end, and that the authorities are getting ready to take the case to trial. Kunming local government officials were not available for comment at the time of writing. A total of...


Anna Xu

June 23, 2016

13:17 GMT