According to a Sound of Hope report, Tang Ning, a figure in China's financial circle and founder of CreditEase, has been arrested. CreditEase made a late-night announcement declaring insolvency, causing 30 billion yuan in funds to evaporate and leaving 100,000 middle-class families with total losses.
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@SoundOfHope_SOH
2026-10-17 00:19 · 300億一夜蒸發！北大天才唐寧被抓，中國金融圈最後的「不倒翁」轟然倒下。宜信深夜攤牌「資不抵債」，10萬中產家庭血本無歸！這是一場意外，還是一場殘酷的「財富洗牌」？ https://t.co/ulemdw6lQz
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CreditEase Founder Tang Ning Arrested, Company Announces Insolvency in Late-Night Statement
2026.10.16 · Developing
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