Rights-defense protests and struggles launched by depositors and investors against financial storms and debt defaults.
On November 3, the headquarters of Chongqing Kunpeng Payment Service Co., Ltd. was crowded with a large number of people demanding rights. Multiple merchants and agents reported that their POS devices have frequently experienced issues such as funds not arriving and delayed settlements recently.
Recently, a Douyin user posted that 500.04 yuan in their WeBank digital RMB wallet could not be transferred back to their bank card. After calling customer service with no answer, netizens in the comments section questioned whether digital RMB can be frozen at will.
On October 28, Zhengxing Flour Industry Co., Ltd. in Shicao Town, Dancheng County, Zhoukou, Henan, was reported to owe large sums of money to local villagers. A large number of villagers gathered at the factory and office area to demand repayment. Villagers stated that the company continued to purchase wheat normally despite owing money, and others claimed that funds deposited into the company for interest could not be withdrawn.
October 27, follow-up on the illegal fundraising incident involving the "Tianzhongxing Card" at Huanle Aijia Supermarket in Zhumadian, Henan: stores are deserted, shelves are basically cleared, and multiple depositors seeking rights defense chased and attempted to intercept the person-in-charge Wang Haizhou, shouting demands for the immediate repayment of their hard-earned money.
On October 20, a Douyin user posted a video claiming that his 31 million yuan deposit had been frozen for nearly three weeks and was inaccessible, during which he sold two Audis and one BMW to keep his company afloat. After two workers fell to their deaths at his father's construction site, his father was taken into police custody; the man said he spent 3 million yuan in cash to get his father out. The bank demanded proof of large transaction flows, and staff also demanded that he delete the video before returning his ID card. The reason for the account restriction remains unclear.
On October 8, as the Henan Provincial Party Secretary and governor were replaced at the same time, depositors of village and town banks across the country wrote letters to the new Provincial Party Secretary Zhou Zuyi, governor Wang Lujin, and 15 leaders of central ministries and commissions, accusing the former provincial Party committee and government of feigning compliance while defying orders and refusing to settle old accounts. Tens of thousands of depositors and their relatives have been unable to withdraw a single cent from their bank card deposits for five years, and have been driven to extremes.
Zheng Zhengbang, legal representative of Zhongshan Fuhe Municipal Construction Co., Ltd., publicly reported Bank of China Zhongshan Branch in his own name, claiming that he borrowed 400 million yuan but actually paid about 350 million yuan, and raised questions about invoices, consulting fees and credit records.
The Chongqing Trust product for the Dijingyuan luxury residential project in Xiamen has not been fully paid out since its maturity in December 2021. Over 300 investors nationwide have been seeking rights defense for a long time, and were recently offered a 20% buyout of their trust shares. Chongqing Trust previously announced that the collateral was valued at approximately 27 billion yuan and that the project had no ultimate risk.
Creditors of Zhejin Company applied to the Zhejiang Provincial Local Financial Regulatory Administration for the disclosure of government information such as the risk disposal plan for the Huaxin products of the Zhejin Center, but the bureau refused to disclose it on the grounds that the relevant information had been classified as state secrets and might endanger national security.
On September 23, at the Party-Mass Service Center in Hebaizhuang, Chengjiao Township, Sheqi County, Nanyang, Henan, after He Xianglin's fundraising scheme collapsed and the funds were suspected to have been absconded with by an upstream operator, a large number of investors showed up to defend their rights; most participants were elderly villagers from various villages, involving about 2,000 households.
Two depositors encountered obstruction and difficulty from the bank when attempting to withdraw money at the counter. A fierce conflict erupted between the two parties, with the bank threatening to call the police, sparking strong dissatisfaction among the depositors.
On September 18, a large number of depositors in Zhumadian, Henan Province, gathered in the rain outside the municipal petition office to defend their rights, after the company chairman Wang Haizhou failed to fulfill his promise to distribute living expenses before the Mid-Autumn Festival and National Day holidays. They chanted slogans demanding to "see the mayor" and called for government intervention to resolve the issue.
On September 12, as Shandong Zaozhuang Tengzhou Urban Construction Group failed to repay the principal and interest of a loan upon maturity, multiple investors gathered at the entrance of the company headquarters for rights defense, demanding an explanation from the company.
On September 14, families of multiple victims in Lishui, Zhejiang, held portraits of the deceased and went to the headquarters of Lishui Public Transport Group Co., Ltd. to conduct rights defense. The family members stated that their father was killed after being struck by a bus while performing road work. Nearly three months after the incident, the bus company has yet to provide a clear response, prompting the family to visit the company to demand accountability.
On September 15, due to the suspected collapse of the Huanle Aijia Supermarket's "Tianzhongxing Card" and allegations of illegal fundraising, a large number of depositors gathered at the Aijia Disney store in Yicheng District, Zhumadian City, to defend their rights and protest the capital side's postponement plan. Physical clashes occurred between depositors and SWAT police at the scene, and multiple people were detained by the police.