When Lisa Wang sank her retirement money — all $730,000 of it — into a single investment, her fund manager repeatedly said the product was risk free.
It wasn’t.
On Wednesday, Ms. Wang, 61, joined about a dozen other customers in the lobby of a Beijing branch of the bank China Minsheng, pressing employees for details and demanding their money back, after the Chinese news media reported that more than $400 million of investors’ money had disappeared.
