英美报刊阅读材料1

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1、DeathsentenceforChinabankfraudAwomanrunningaprivatebankingoperationinChinahasbeensentencedtodeathafterbeingfoundguiltyofdefraudinginvestors・Published:Mon,May20,2013Tweet1CommentsSomeChineseinvestorsshunestablishedbanksinthehopeofmakingbiggerreturnsLinHaiyanwasconvictedof”illegal

2、fundraising11forcollecting640millionyuan(£66million)frominvestorsbypromisinghighreturnsandlowrisk,accordingtotheIntermediatePeople'sCourtinWenzhou,acentreforprivatesectorbusiness■’.ItsaidtheschemecollapsedinOctober2011・Thecasehighlightedpotentialabusesinlargelyunregulatedinforma

3、llendingthatsupportsentrepreneurswhogenerateChina'snewjobsandwealthbutoftencannotgetloansfromthestate-ownedbankingindustry.Thegovemmentistighteningcontrolsaftertheglobaleconomicdownturnsparkedawaveofdefaultsandprotestsbylenders・AnotherbusinesswomanfromWenzhoualsowassentencedtode

4、athlastyearonillegalfundraisingcharges.ThatpenaltywasoverturnedfollowinganoutcryontheInternetandshewassentencedtoprison.Communistleadershavepromisedmorebanklendingforentrepreneursandannouncedapilotprojectin2012inWenzhoutoallowcloselysupervisedprivatesectorlending・Butbusinesslead

5、ersinWenzhousayitisharderforentrepreneurstogetloansbecauseworseningeconomicconditionshavemadebanksandprivatesourcesreluctanttolend・ManyhouseholdsprovidemoneyforprivatelendinginanefforttogetabetterreturnthanthelowdepositratespaidbyChinesebanks,whicheffectivelyforcedepositorstosub

6、sidiselow-interestloanstostateindustry.Around1,500peoplehavebeenjailedforatleastfiveyearsforinvolvementinundergroundlendingsince2011.Legalexpertssayloansbetweenindividualsarelegalandthegovernmenthasfailedtomakeclearwhatlendersandborrowersareallowedtodo.Linstartedraisingmoneyfrom

7、friends,relativesandco-workersin2007,tellingthemthemoneywasgoingintostockofferingsandbankdeposits・Butsheusedittospeculateinstocks・Evenaslossesmounted,Lincontinuedtoraisemoneyuntiltheschemecollapsed・Thestatementsaidthepenaltystillmustbeconfirmed・AlldeathsentencesinChinaareautomat

8、icallyappealedtothecountry'shighestcourtforrevi