REUTERS/Aly Song/File Photo Acquire Licensing RightsBEIJING, Aug 18 (Reuters) - Angry investors in trust products of a leading Chinese shadow bank have lodged complaint letters with regulators, pleading with the authorities to step in after the big Chinese trust firm missed payments on dozens of investment products.
"Every day, a large number of people gathered at business departments of Zhongrong Trust are praying for the firm can give an explanation to investors ... investors are immersed in unlimited horror and fear every day."
In the letter to the NFRA , investors demanded that Zhongrong provide reports of the underlying assets of defaulted products.
"We hope officials can attach great attention to Zhongrong Trust ... and not let this to become a milestone vicious economic event," the letter sent to the NFRA said.
In the letter to the CCDI, investors complained that management of Zhongrong failed to fulfill their responsibilities and caused huge losses to investors.
Persons:
Aly, Zhongrong, didn't, NFRA, Ziyi Tang, Ryan Woo, Sumeet Chatterjee, Kim Cogill
Organizations:
REUTERS, Rights, Trust Co, Investors, Financial Regulatory Administration, Central Commission, Reuters, Zhongzhi Enterprise Group, Zhongrong, Thomson
Locations:
Shanghai, China, Rights BEIJING, Zhongrong