What finally crushed "Rijinbao" was the bull market in a-shares that began in 2014 and lasted nearly a year. Since July 2014, a-shares have continued to rise, with more and more profit-seeking funds pouring into the stock market from trust, bank financing, real estate, etc. . Compared with Pan Asia's stable earnings of around 13% a year, the stock market has risen by 10% a limit, this directly led to the pan-asian "Rijinbao" investors concentrated redemption, followed by serious problems in the pan-asian capital chain, its largest inventory of rare metals-indium prices also continued to plunge, however, the panic caused by the sharp fall triggered the "herd effect" . Investors made a large number of redemptions, and fell into a vicious circle of "slump-panic-redemption-money shortage" , which led to the complete break of the "Rijinbao" capital chain, the result was a "run" .
What finally crushed "Rijinbao" was the bull market in a-shares that began in 2014 and lasted nearly a year. Since July 2014, a-shares have continued to rise, with more and more profit-seeking funds pouring into the stock market from trust, bank financing, real estate, etc. . Compared with Pan Asia's stable earnings of around 13% a year, the stock market has risen by 10% a limit, this directly led to the pan-asian "Rijinbao" investors concentrated redemption, followed by serious problems in the pan-asian capital chain, its largest inventory of rare metals-indium prices also continued to plunge, however, the panic caused by the sharp fall triggered the "herd effect" . Investors made a large number of redemptions, and fell into a vicious circle of "slump-panic-redemption-money shortage" , which led to the complete break of the "Rijinbao" capital chain, the result was a "run" .
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