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Ezubao
Ezubao () was a peer-to-peer lending scheme based in the eastern Chinese province of Anhui. It was set up as an online scheme in July 2014, attracted funds of about 50 billion yuan ($7.6 billion) from 900,000 investors, and ceased to trade in December 2015. On 1 February 2016, the scheme was closed down and 21 involved people were arrested. Zhang Min, the president of the parent company, Yucheng Global, told investigators that the company operated as a Ponzi scheme. Ponzi scheme Individuals who wanted to take part in the scheme invested their money in the expectation that the money would be lent to borrowers and repaid, with interest, over time. Investors would be matched with borrowers over the Internet. The scheme promised to pay investors around seven times the interest rates that could be obtained by depositing the money with a bank in the normal way, with interest rates of between 9% and 14.6% being promised. The company sponsored the online broadcasts of the National People' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peer-to-peer Lending
Peer-to-peer lending, also abbreviated as P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders with borrowers. Peer-to-peer lending companies often offer their services online, and attempt to operate with lower overhead and provide their services more cheaply than traditional financial institutions. As a result, lenders can earn higher returns compared to savings and investment products offered by banks, while borrowers can borrow money at lower interest rates, even after the P2P lending company has taken a fee for providing the match-making platform and credit checking the borrower. There is the risk of the borrower defaulting on the loans taken out from peer-lending websites. Peer-to-peer fundraising encourages supporters of a charity or non-profit organisation to individually raise money. It's a bit subcategory of crowdfunding. Instead of having one main crowdfunding page where everybody donates, people can have ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2014 Establishments In China
Fourteen or 14 may refer to: * 14 (number), the natural number following 13 and preceding 15 * one of the years 14 BC, AD 14, 1914, 2014 Music * 14th (band), a British electronic music duo * ''14'' (David Garrett album), 2013 *''14'', an unreleased album by Charli XCX * "14" (song), 2007, from ''Courage'' by Paula Cole Other uses * ''Fourteen'' (film), a 2019 American film directed by Dan Sallitt * ''Fourteen'' (play), a 1919 play by Alice Gerstenberg * ''Fourteen'' (manga), a 1990 manga series by Kazuo Umezu * ''14'' (novel), a 2013 science fiction novel by Peter Clines * ''The 14'', a 1973 British drama film directed by David Hemmings * Fourteen, West Virginia, United States, an unincorporated community * Lot Fourteen, redevelopment site in Adelaide, South Australia, previously occupied by the Royal Adelaide Hospital * "The Fourteen", a nickname for NASA Astronaut Group 3 * Fourteen Words, a phrase used by white supremacists and Nazis See also * 1/4 (other) * Fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Anhui
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial pe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pyramid And Ponzi Schemes
A pyramid (from el, πυραμίς ') is a structure whose outer surfaces are triangular and converge to a single step at the top, making the shape roughly a pyramid in the geometric sense. The base of a pyramid can be trilateral, quadrilateral, or of any polygon shape. As such, a pyramid has at least three outer triangular surfaces (at least four faces including the base). The square pyramid, with a square base and four triangular outer surfaces, is a common version. A pyramid's design, with the majority of the weight closer to the ground and with the pyramidion at the apex, means that less material higher up on the pyramid will be pushing down from above. This distribution of weight allowed early civilizations to create stable monumental structures. Civilizations in many parts of the world have built pyramids. The largest pyramid by volume is the Great Pyramid of Cholula, in the Mexican state of Puebla. For thousands of years, the largest structures on Earth were pyramids ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peer-to-peer Lending Companies
Peer-to-peer (P2P) computing or networking is a distributed application architecture that partitions tasks or workloads between peers. Peers are equally privileged, equipotent participants in the network. They are said to form a peer-to-peer network of nodes. Peers make a portion of their resources, such as processing power, disk storage or network bandwidth, directly available to other network participants, without the need for central coordination by servers or stable hosts. Peers are both suppliers and consumers of resources, in contrast to the traditional client–server model in which the consumption and supply of resources are divided. While P2P systems had previously been used in many application domains, the architecture was popularized by the file sharing system Napster, originally released in 1999. The concept has inspired new structures and philosophies in many areas of human interaction. In such social contexts, peer-to-peer as a meme refers to the egalitarian soc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fraud In China
In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements. Internal fraud, also known as "insider fraud", is fraud committed or attempted by someone within an organisation such as an employee. A hoax is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a vi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of California, San Diego
The University of California, San Diego (UC San Diego or colloquially, UCSD) is a public university, public Land-grant university, land-grant research university in San Diego, California. Established in 1960 near the pre-existing Scripps Institution of Oceanography, UC San Diego is the southernmost of the ten campuses of the University of California, and offers over 200 undergraduate and graduate degree programs, enrolling 33,096 undergraduate and 9,872 graduate students. The university occupies near the coast of the Pacific Ocean, with the main campus resting on approximately . UC San Diego is ranked among the best universities in the world by major college and university rankings. UC San Diego consists of twelve undergraduate, graduate and professional schools as well as seven undergraduate residential colleges. It received over 140,000 applications for undergraduate admissions in Fall 2021, making it the second most applied-to university in the United States. UC San Diego H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hefei
Hefei (; ) is the capital and largest city of Anhui Province, People's Republic of China. A prefecture-level city, it is the political, economic, and cultural center of Anhui. Its population was 9,369,881 as of the 2020 census and its built-up (or ''metro'') area made up of four urban districts plus Feidong, Feixi and Changfeng counties being urbanized, was home to 7,754,481 inhabitants. Located in the central portion of the province, it borders Huainan to the north, Chuzhou to the northeast, Wuhu to the southeast, Tongling to the south, Anqing to the southwest and Lu'an to the west. A natural hub of communications, Hefei is situated to the north of Chao Lake and stands on a low saddle crossing the northeastern extension of the Dabie Mountains, which forms the divide between the Huai and Yangtze rivers. The present-day city dates from the Song dynasty. Before World War II, Hefei remained essentially an administrative centre and the regional market for the fertile plain to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Public Security (China)
The Ministry of Public Security () is a government ministry of the People's Republic of China responsible for public and political security. It oversees more than 1.9 million of the country's law enforcement officers and as such the vast majority of the People's Police (). The MPS is a nationwide police force; however, counterintelligence and so-called "political security" remain core functions. The ministry was established in 1949 (after the Chinese Communist Party's victory in the Chinese Civil War) as the successor to the Central Social Affairs Department and was known as "Ministry of Public Security of the Central People's Government" until 1954. Grand General Luo Ruiqing of the People's Liberation Army (PLA) was its first minister. As the ministry's organization was based on Soviet and Eastern Bloc models, it was responsible for all aspects of national security; ranging from regular police work to intelligence, counterintelligence and the suppression of anti-communist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Xinhua News Agency
Xinhua News Agency (English pronunciation: )J. C. Wells: Longman Pronunciation Dictionary, 3rd ed., for both British and American English, or New China News Agency, is the official state news agency of the People's Republic of China. Xinhua is a ministry-level institution subordinate to the State Council and is the highest ranking state media organ in China. Xinhua is a publisher as well as a news agency. Xinhua publishes in multiple languages and is a channel for the distribution of information related to the Chinese government and the ruling Chinese Communist Party (CCP). Its headquarters in Beijing are located close to the central government's headquarters at Zhongnanhai. Xinhua tailors its pro-Chinese government message to the nuances of each audience. Xinhua has faced criticism for spreading propaganda and disinformation and for criticizing people, groups, or movements critical of the Chinese government and its policies. History The predecessor to Xinhua was the R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anhui
Anhui , (; formerly romanized as Anhwei) is a landlocked province of the People's Republic of China, part of the East China region. Its provincial capital and largest city is Hefei. The province is located across the basins of the Yangtze River and the Huai River, bordering Jiangsu to the east, Zhejiang to the southeast, Jiangxi to the south, Hubei to the southwest, Henan to the northwest, and Shandong for a short section in the north. With a population of 63.65 million, Anhui is the 8th most populous province in China. It is the 22nd largest Chinese province based on area, and the 12th most densely-populated region of all 34 Chinese provincial regions. Anhui's population is mostly composed of Han Chinese. Languages spoken within the province include Jianghuai Mandarin, Wu, Hui, Gan and small portion of Zhongyuan Mandarin Chinese. The name "Anhui" derives from the names of two cities: Anqing and Huizhou (now Huangshan City). The abbreviation for Anhui is "" after the histori ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
