Investment Guru's supernatural powers haven't made Chinese followers whole

Sui Guangyi claimed he could predict markets by focusing on heaven, earth and humanity

20241003 Caixin

Ding Yi Feng’s office in Shenzhen, South China’s Guangdong province. 

CHEN BO, XIANG KAI and ZHANG YUKUN, Caixin

To his followers, Sui Guangyi was a visionary who made his investment decisions based on the principles of Taoism, Zen Buddhism and the I Ching. For more than a decade, they poured their savings into the wealth management products he hustled, some offering annualized returns as high as 160%.

But in their pursuit of money, many of Sui's investors forgot the Taoist saying: "Gathering too much wealth must lead to huge losses." That aphorism has now become a reality as redemptions on their high-yield investments have been suspended and dividend payments halted.

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