Believing the CCP, Investors Lose Everything and Are Arrested for Protesting

The “Private Lending Center” established under the leadership of the government of Hancheng City, Shaanxi Province, has collapsed. On November 10, 2025, hundreds of investors gathered in front of the Hancheng City government to demand the return of their investment funds and were suppressed. (Screenshot from the internet)

[People News] In order to grab money, the Chinese Communist authorities have gone all out! In June 2014, under the leadership of the Hancheng City government, a “Private Lending Center” was established, promising an 8% monthly return, attracting more than 2,000 people to invest. Unexpectedly, after receiving the money, the Hancheng City government quickly changed face and announced in August this year that the “Private Lending Center” had exploded, involving as much as 1.1 billion yuan (RMB, same below). Investors lost everything. On November 10, hundreds of investors gathered in front of the Hancheng City government to demand their investment funds. Ten people were arrested on the spot by the police and were not released until 7 p.m. that evening.

On November 11, a blogger who has long followed China’s livelihood issues—X account “Yesterday” (@YesterdayBigcat)—introduced the situation and uploaded related videos. The videos show a large number of police at the scene, with protesting citizens shouting in unison: “Return the money! Return the money!” “They’re beating people! They’re beating people!” Some people were dragged away by police, and some elderly individuals collapsed on the ground.

On November 12, Mr. Wang (alias), an investor victim, told The Epoch Times that the Hancheng Private Lending Center was established under the leadership of the government and had already exploded in August.

“It exploded on August 20, 2025. The interest didn’t arrive, and the principal wasn’t returned when due. Because one of my (financial products) matured on August 21 and another on August 28. Staff told me I would receive payment before September 15, but they didn’t pay me.”

He revealed that most of the investors were from Shaanxi, involving more than 2,000 people, most of them over 50 years old. Their investment funds included years of savings from running businesses, elderly people’s pensions, and dowries prepared for sons’ marriages. “Some invested three to five million, some one or two hundred thousand, and some (higher ones) even invested ten million.” The total amount was about 1.1 billion yuan.

The reason the people of Hancheng were willing to invest their life savings was because they were blinded by the four characters “People’s Government,” believing the CCP government “serves the people” and would not cheat them—unaware that the CCP is the biggest fraudster that cheats its own people.

Mr. Wang also said, “The government and the local police station keep calling us, telling us to be patient, not to gather, and that the government will give us a result. But since the explosion, we have seen no hope.”

Regarding this explosion, the authorities pretended to conduct an audit for more than a month but gave no explanation to the people—leaving the matter unresolved. The CCP defrauded people and then sent its own people to audit the case. Officials protect each other; this is inevitable, and it is a second injury to the deceived public. The CCP continues using delay tactics to trick the victims into quietly waiting at home. Once the people awaken, the CCP’s violent, ferocious side appears, and it unleashes its iron fist to suppress protesters.

Mr. Wang said, “These past two days, we’ve been called in for talks by the police station and the local government one after another. Our movements and WeChat are being monitored.”

According to Mr. Wang, from September 15 until two weeks ago, Hancheng City set up a special task force that gave updates every Thursday afternoon and promised to return part of the money to investors before October 1—“by the end of October, one hundred million would be credited.” “(But) until now, nothing has arrived. Last Friday (November 7), no one received us, and people waited until 6 p.m. with no result.”

In a post, X user “Yesterday” stated that in late September 2025, news broke that the Hancheng Private Lending Registration Center’s capital chain had ruptured, and it subsequently collapsed. According to statistics, more than 2,200 people were affected, involving about 1.1 billion yuan. The Hancheng government announced that it had “taken over” the center and promised to “introduce a solution,” but so far there has been no concrete action.

According to “Yesterday,” in June 2014, under the leadership of the Hancheng City government, the Hancheng Private Lending Registration Service Center was established. The then-mayor Zhang Jianzhong served as the leader of the organizing group, and two deputy mayors, along with heads from more than a dozen departments—including the police, finance, courts, and financial office—served as deputy leaders or members. This lending company was positioned as a financial innovation platform to guide private capital toward “sunshine” and “standardized” operation.

Hancheng Daily once claimed that the center “provided the public with a risk-free, high-yield financial channel” and reported stories of villagers investing their children’s tuition and elderly people’s retirement money into it. The government also claimed it had “zero bad loans.”

“Yesterday” said that under the high-level endorsement and promotion, the center’s financing scheme offering 8% monthly returns attracted a large number of citizens. Many investors were retirees, small vendors, or farmers who firmly believed that “with government supervision, risks are controllable,” and some even sold their houses or poured their pension savings into it.

During the three years of the COVID pandemic, many Chinese people realized a truth: “Believe the Communist Party, and you walk into the crematorium.” The residents of Hancheng suffered because they failed to understand this.

(First published in People News) △