Jilted metals exchange investors detained ahead of Beijing protest

Investors in the now-collapsed Fanya Metals Exchange were detained by police Monday ahead of a planned protest in Beijing outside of the country’s securities regulator that would have coincided with the beginning of a Chinese Communist Party Central Committee meeting, The Financial Times reported. The investors, many of whom lost considerable savings in the exchange’s collapse, were taken from their hotels in Beijing or prevented from reaching the capital altogether. One investor who did make it, surnamed Pan, said she’d been prevented from buying a train ticket to Beijing from Shanghai. She believed Fanya had supplied the authorities with a list of investors and that many may be under surveillance.