On May 20, hundreds of merchants at the Gaoqiao Building Materials Market in Yuhua District, Changsha, Hunan, collectively shut down their stalls in protest, demanding that market management reduce rents after prolonged sluggish business left them unable to sustain their operations.
On May 20, the owner of the Tianlong Babu Film and Television City in Dali, Yunnan allegedly fled after owing more than a hundred actors three months of unpaid wages, triggering a collective strike by employees.
On May 19, outside the Shanghai High Court, residents of Compound 190 on the Bund, Huangpu District — who had had their homes forcibly demolished — were violently expelled by security guards while attempting to petition for redress. The residents of Compound 190 have staged multiple previous protests after their properties were forcibly seized and demolished by authorities at below-market compensation.
Hundreds of “Fanhua Insurance” Investors Rally for Consecutive Days in Guangzhou; Multiple People Arrested (2026.05.18-19)
From May 18 to 19, hundreds of investors from various parts of China gathered for two consecutive days outside the headquarters of Fanhua Holding Group in Zhujiang New Town, Tianhe District, Guangzhou, Guangdong Province, to protest and defend their rights. Shouting slogans such as “Fanhua, return our money,” they demanded the redemption of their investment funds. On May 19, multiple investors were initially seized and taken away by plainclothes police at the protest site.
It is reported that Fanhua Holding Group, once dubbed “Asia’s first insurance intermediary stock,” allegedly used lures like “internal benefits” and “high returns with low risks” to sell a massive volume of “employee stock ownership plan” wealth management products to insurance agents within the Fanhua system and related investors. The company hit a redemption crisis in 2024, which ultimately led to a financial collapse. The crash involves an estimated amount of 9 billion RMB and affects approximately 8,000 people.
On May 19, at the Shanghai Social Insurance Administration Center, a large number of migrant workers enrolled in the city’s Comprehensive Insurance Scheme who were protesting were forcibly pushed onto buses and taken away by police.
Before June 30, 2011, non-Shanghai hukou workers were not allowed to participate in Shanghai’s standard employee social insurance system and could only enroll in the Comprehensive Insurance Scheme for migrant workers. In 2025, Shanghai introduced a policy allowing comprehensive insurance to be converted into standard social insurance. However, ten years of comprehensive insurance contributions can only be converted into two years of pension seniority, sparking strong dissatisfaction among participants. Since then, multiple protest actions have been launched demanding a 1:1 conversion into social insurance.
Public records show that around 4 million workers were enrolled in the migrant workers’ Comprehensive Insurance Scheme during their employment.
On May 18, hundreds of workers at the Yuqiang Shoe Factory in Nanxiamei Village, Jinjiang, Quanzhou, Fujian, blocked the factory gates after failing to receive their wages.
On May 18, more than one hundred homeowners from the unfinished “Rose Garden Phase II” housing project in Gaobeidian, Hebei, gathered at the city government demanding the delivery of their homes and requesting a meeting with the mayor, but were met instead by a large number of special police officers.
“Hundreds of Investors in Fujian March in Protest, Met with Violent Police Crackdown (2026.05.18)”
Victims of the “Golden Wharf” investment scheme in Putian, Fujian, launched another protest action on Monday, only to once again face police repression. Multiple people were beaten and arrested. The Golden Wharf Group had long attracted deposits with promises of high returns before its capital chain collapsed in early March 2026, involving more than 10 billion yuan in funds. Although investors have repeatedly staged protests, no substantive progress has been made so far.
According to one participant, at around 9 a.m. on May 18, hundreds of investors gathered outside the Putian municipal government building. Holding Chinese national flags and chanting slogans such as “Golden Wharf is fraud,” they marched through the streets in protest.
When the procession reached the vicinity of the old campus gate of Putian University, it was suddenly intercepted and dispersed by a large number of police officers. Several people were beaten at the scene, and three investors were arrested on the spot.
By that evening, two of the three detained investors had reportedly been released, while the whereabouts of the third remained unknown. One elderly woman who was released said she was assaulted by police inside the police vehicle: her hair was grabbed and pulled, her neck was restrained, and her head was pinned down with an elbow.
Ping An Bank Avoids Layoff Compensation, Employees Report Bank for Using Them to Launder Money (2026.05.14–16)
Ping An Bank and its outsourcing contractor, Shaanxi Yinyan Technology, have kept 75 employees — including 11 pregnant workers — in indefinite standby status following the abrupt cancellation of a project, in an apparent attempt to avoid paying legally mandated severance. After repeated attempts to seek redress through official channels came to nothing, the employees filed a collective report alleging that Ping An Bank has been laundering money or evading taxes by overpaying employees’ salaries and then requiring them to transfer the excess amounts back. According to the employees, the scheme has been running for more than four years, with an average of around 90 employees required to participate each month, each transferring back approximately 10,000 yuan per month.
On May 16, workers at the Chongqing branch of Zhejiang Baotai Electronics Co., Ltd. in Bishan District went on strike to protest the company’s relocation of its factory without providing compensation to employees.