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Wealth management high-flyer in Shanghai crashes, execs arrested

21 Zhongjin Capital Management employees held on suspicion of "illegal fundraising"

Investors gathering at the office of Zhongjin Capital Management in Shanghai last Thursday.


ZHONGJIN Capital Management made a splash in the past couple of years in Shanghai. The wealth management firm's imposing branch office on Shanghai's historic Bund pulled in many eager investors seeking the double-digit returns it promised on short-term financing products. It had

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