Property Owners Protest Against Ping An Bank's Misappropriation of Escort Funds 宁波业主抗议平安银行挪用监管资金

On Oct 7, dozens of property owners of Sichuan Languang Development Co, another  collapsing developer,   protesting against #PingAn Bank's misappropriation of their escort funds. Obviously, Ping An bank must have also encountered cash flow problems. Last month when China’s largest developer Evergrande defaulted, Ping An bank said that it had “zero risk exposure” to Evergrande.

However, it is well known that Ping An bank is the real invisible big “boss” behind the real estate industry in China. It has heavy positions in 13 real estate companies and is associated with 20 real estate companies, making it the biggest real estate giant in China, second to none. 

10月7日，多名蓝光业主聚集在 #平安银行 宁波杭州湾支行，抗议平安银行挪用监管资金，要求还钱。

此视频说明：蓝光和平安的资金都断链了。 上月恒大爆雷时，平安曾称其是「恒大零敞口」。但平安重仓13家房企，与20家房企有关联，是全中国最大的地产巨鳄，没有之一。

10/8/2021 *

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