Web12 jul. 2024 · Authorities in China's Henan province say they will start releasing money to customers who have had their funds frozen by several rural banks. The announcement … Web11 apr. 2024 · China’s smaller banks cut rates to ease pressure. Some smaller Chinese lenders cut interest rates for time deposits over the weekend, following a similar move by their larger rivals last year, after several lending rate reductions by policymakers started to squeeze their margins. Rural lenders in provinces including Henan and Hubei lowered ...
Chinese bank fraud protest turns violent after police step in
Web15 jun. 2024 · China news: Customers of four banks in Henan have been holding rare protests for the past few weeks. According to the China Banking and Insurance Regulatory Commission, the major shareholder of village banks, a company known as Henan New Fortune, took public funds using third-party platforms or a money broker. Authorities are … Web12 jul. 2024 · The violent episode is the ‘tip of the iceberg’ of China’s looming banking crisis. BY Grady McGregor. July 12, 2024, 3:54 AM PDT. A view of an outlet of a rural bank in Zhengzhou city in ... boat tour capri and amalfi coast
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Web2 aug. 2024 · Investigating authorities say that Henan Xincaifu Group Investment Holding Co., the main shareholder of five rural lenders, colluded with bank employees to steal about 40 billion yuan ($5.9... Web16 jul. 2024 · The Henan bank scandal, in which 40 billion yuan (US$6 billion) in deposits disappeared, is more than a Chinese banking crisis – it is a political crisis that could … Web14 jun. 2024 · People protest in front of the Henan branch of the China Banking and Insurance Regulatory Commission (CBIRC) demanding “return our money” in … boat tour chicago groupon