Investors in Chinese online peer-to-peer lender Ezubao chant slogans during a protest in Beijing in February 2016. Photo: AFP Investors in Chinese online peer-to-peer lender Ezubao chant slogans during a protest in Beijing in February 2016. Photo: AFP
Investors in Chinese online peer-to-peer lender Ezubao chant slogans during a protest in Beijing in February 2016. Photo: AFP
China economy

Cryptocurrency and pyramid schemes add to US$44.5 billion surge in illegal fundraising in China

  • Police investigated more than 10,000 cases of illegal fundraising last year, a 22 per cent rise in the caseload, according to top prosecutors
  • The total amount involved also rose, more than doubling to about 300 billion yuan, the Supreme People’s Procuratorate said

Topic |   China economy
Investors in Chinese online peer-to-peer lender Ezubao chant slogans during a protest in Beijing in February 2016. Photo: AFP Investors in Chinese online peer-to-peer lender Ezubao chant slogans during a protest in Beijing in February 2016. Photo: AFP
Investors in Chinese online peer-to-peer lender Ezubao chant slogans during a protest in Beijing in February 2016. Photo: AFP
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