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
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