Shenzhen investors protest after gold trading platform Jieworui collapses

channelnewsasia.com

Rare protests occurred in Shenzhen after the collapse of Jieworui, a gold trading platform, leaving tens of thousands of investors facing potential losses. The company allegedly defaulted on hundreds of millions of yuan in payments, preventing customers from withdrawing funds or retrieving physical gold, sparking widespread anger. The incident highlights the risks associated with informal "shadow markets" that have grown in popularity amid volatile gold prices, attracting retail investors with low entry thresholds.


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Shenzhen investors protest after gold trading platform Jieworui collapses | News Minimalist