Bank of Communications extreme 18th financial crisis intensified investors to the headquarters of the rights

June 7 (reporter Hou Sheng) Bank of communications "supreme 18th" financial products turmoil intensified: Yesterday afternoon, more than 20 investors from Beijing, Shanghai, Nanjing and Hangzhou to Shanghai to the headquarters of the bank to beg for investment capital and interest, the scene was once full of gunpowder, investors in the intersection outside the "Bank of financial fraud," a huge loss , trickery "sign, and had a physical clash with the police at the scene to maintain order. Scene pictures (Photo source: China Internet Finance) The head of the Bank of Communications has immediately entered into negotiations with investors on the scene, after 10 hours of negotiations, 23 o'clock last evening, the bank to provide investors with written commitments, said the final reply will be given on June 20. "Deli 18th" wealth management products is the Bank of communications 2011 years on the sale of a "high net worth" users of private wealth management products, investment threshold of 500,000 yuan, will expire June 30 this year. But on the verge of expiring, the product is exposed to a loss of 20%. Investors questioned the great loss of products and the bank and the product investment consultant six WO Company to change the direction of investment is closely related, in addition, prior to the delivery of the product or the existence of exaggerated investment income, information disclosure lag, excessive management fees and so on, deeply deceived investors ask to return the principal and interest. From mid-May to date, all over the country to buy the supreme 18th investors have to go to the local regulatory authorities and the delivery of the business Hall for Complaints Rights, at the same time, investors also set up online protection of the QQ group, advocacy group Rights, to discuss countermeasures. During the period, investors and the Bank of the local branch has made a number of representations, the bank has also made "concessions"-the commitment to refund part of the management fees and issue "care" products to make up for investors, and said to six WO companies to pursue responsibility. But the gap between the two sides is far away, the compensation package has not been agreed. At the end of May, the Chinese network financial center reporters with Beijing investors to the Beijing branch to negotiate, when the head of the Beijing branch of the personal Finance Department in the communication meeting, the bank has been refunded to all the holders of all 5.6% management fee of 2%, a total of more than 2 million yuan. But just 7 days ago, the conflict between investors and the bank was suddenly intensified. A Nanjing investor, Ms. Wang, said the day of June 1, a police door hit the door power outages, warning that they are not allowed to do rights, threatening abusive abuse for several hours. "Children's Day that night, eight points to my home to hit the door abuse, harassment until 11 o'clock in the evening before leaving, but also pull off power, resulting in a power outage 12 hours, home only an old man at home, was frightened." Finally, I went home 11 o'clock in the morning the next day to find someone to pick up the electricity. "Ms. Wang is still a little scared. Enraged investors decided to set up again to the bank to negotiate, to beg for the statement, which appeared in the above-mentioned bank of the site "militant" scene. Scene pictures (Photo source: China Internet Finance) A participant in the field of activist investors told China Network financial reporters, they hope that the "supreme 18th" financial products in the existing problems to give a clear response. "We ask the bank to answer, in this propertyThe Bank is responsible for the loss of goods, but the owner has been taking evasive attitude. At the same time, with the deepening of investor activism and public concern, more details of the extreme 18th products were exposed. An analysis of the article pointed out that the top 18th in the investment style is flawed, "more like a personal investor", risk management and control or there are also problems, the legal relationship between the product specification is not clear. At the same time, one investor pointed out that, in addition to the supreme 18th, his own purchase of the top 15th loss also reached 50%, the Bank of communications "extreme series" Wealth management products have a large loss of the fact is involved. According to the initial statistics of investors, at least half of the 10 "profit Treasure Supreme" products issued by the bank have suffered losses. According to the Chinese network of financial center reporters understand that, as of 19 o'clock last evening, the head of the Gold department has made an oral commitment to investors, but investors are not satisfied, questioned the bank only use the usual means of delay, continue to insist on leaving the headquarters building negotiations. Until 23 o'clock last evening, the bank gave the official seal of the reply question timetable, investors to leave the bank headquarters building. Meanwhile, Ms. Wang, who was harassed earlier, has reported to police inspectors. Nanjing Police said that if the subordinate police officers in the execution of excessive acts, it will be the corresponding punishment and inform the criticism. China Network Financial Center will continue to pay attention to the "Bank of the supreme 18th" Wealth management products dispute progress. Bank written undertaking (photo source: China Internet finance)