An investment firm in Shanghai has seen its financial management products failing, causing many investors to lose all their money.
News has since broken out that two elderly people in Yancheng City, Jiangsu Province, who could not bear the situation committed suicide by jumping from a building.
According to the data, Yinlai Assets Management Co. Ltd. had made investments in 16 companies and wholly-owned seven of them, including Yinlai Wealth in Shanghai that specializes in assets management, wealth management, investment banking, and internet finance.
