After the Spring Festival around 20 1 1, the local monthly interest rate 1 gross (10%) began to appear. Previously, the private financing market in Sihong had the highest interest rate of seven or eight points. "It's like a balloon filled with gas. The needle broke when it went in. " In Sihong County, Jiangsu Province, villagers described the local usury bubble like this. Under the temptation of high interest rates, there has been a situation of "usury by everyone" in Sihong, and even some public officials are involved. High-interest and high-income people who "earned" money quickly began to buy luxury cars. For a time, various luxury cars emerged in Sihong Street, which attracted social attention. The stone village with the densest usury is called "BMW Town".

On May 24th, the collapse first broke out in Shitou Village. The villagers found that they could not get in touch with their families.

A few months later, the big borrowers "disappeared" and stopped paying interest, and the usury market collapsed immediately. Local bankers believe that this is a large-scale usury trend due to the lack of supervision and prevention by the local government under the background of the central government tightening monetary policy. After the incident, Sihong County set up an emergency team to try to solve the storm. Lenders wait in fear, or take back their loans in their own way.

Some people use various means to find a house, many of which are illegal.

Sihong county government recently set up an emergency team to regulate the financial order and try to eliminate the storm.

On July 19, Xu Yijun, secretary of the Political and Legal Committee of Sihong County, said that the scale of private financing in Sihong was around 2 billion. "With the intervention of the government, the previous signs of illegal financing came to an abrupt end." According to the survey, vicious incidents of private recovery of usury have occurred from time to time.

On the evening of June 24th, four loan sharks in Stone Village were chased and hit by a car after asking for money online. Villager WU GANG died on the spot, Liu Caisheng died after being taken to the hospital, Zhang Shouhu was in a serious coma, and Feng Lei was seriously injured.

On the night of 10, Santana driven by WU GANG was stopped by several cars for rear-end collision on Sihong-Shitoucun Expressway.

Witnesses said that a car in front didn't live in Santana and another car crashed into it. Santana appeared in the air and hit the house. Four people in the car were left outside. After the crash, the accident vehicle turned around and ran away.

On July 16, the bodies of WU GANG and Liu Caisheng were cremated. WU GANG's wife, Cai Honglian, thinks that her husband was killed.

For this accident, Sihong officials said that it had nothing to do with usury, saying that Chen Changbing and others knocked on the wrong door and had a dispute with Sun Yingkai. The grandson chased after him by car, which caused a tragedy.

On July 20th, Sun Jianguo, deputy director of Sihong County Public Security Bureau, said that after the incident, Sun Yingkai surrendered himself in Ningbo. Sihong County Procuratorate arrested people on suspicion of endangering public security by dangerous means.

Cai Honglian said that Sihong police only controlled Sun Yingkai in the whole case.

According to the villagers in Xinbian Village, Shitou Village, recently, villagers often block their access at intersections. After some villagers found the route, they buried people in the soil, poured pepper water and forced the other party to spit out the money.