Thousands fall victim as shadow bankers vanish amid China's slump

To live out his retirement years, He Zhongkui was counting on steady income from an investment that promised interest payments five times higher than what he could earn in a bank.

Now He, a 62-year-old former municipal official in Wenzhou who rides a rusty bicycle, is cutting back on food and petrol, having found himself one of a growing number of victims of the mainland's nebulous world of shadow banking.

via Business feed http://www.scmp.com/business/banking-finance/article/1037231/thousands-fall-victim-shadow-bankers-vanish-amid-chinas