China banks vow to repay more customers after protests

Four banks in Henan province froze cash withdrawals in mid-April as regulators scrutinised alleged mismanagement, leaving billions of yuan in savings locked up and sparking sporadic demonstrations. Authorities later named those firms and another rural bank in nearby Anhui province as involved in a scheme to defraud investors -- and promised victims would start to get their money back.

from International-News-Economic Times https://ift.tt/aXMhv34
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