Banking scandal in Henan exposes vulnerability of the sector • China.Table

Beijing has done a lot to clean up its financial sector in recent years. But authorities admit that there is still a lot to be done, especially at regional banks. The failed payment to private customers in Henan could be the beginning of further deterioration.

There is finally some good news for hundreds of duped bank customers in Henan. On Sunday, angry protesters gathered at the local branch of the central bank in the provincial capital of Zhengzhou (China.Table reported). They demanded their bank deposits back, which have been frozen for months, from at least four troubled institutions. Security forces dispersed the angry crowd.

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