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Protests in China: What's behind the bank scandals | DW News
Posted
July 22, 2022
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July 22, 2022
375,472
5,284
1,051
1.69%
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8:43Now PlayingIt's a politically sensitive year for China. And confidence in the financial sector has plunged. A few months ago, four rural lenders in the northern province of Henan froze the deposits of hundreds of thousands of customers.
State regulators have finally announced a second round of repayments to some of those account holders starting next week. But as Patrick Fok reports from Beijing, this isn't the only banking crisis causing social unease.
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