People protest in front of the Henan branch of the China Banking and Insurance Regulatory Commission, chanting “return our money”. Photo: Weibo
People protest in front of the Henan branch of the China Banking and Insurance Regulatory Commission, chanting “return our money”. Photo: Weibo

Chinese police make arrests in Henan banking scandal that has put spotlight on financial risks

  • Police have arrested the ‘first batch’ of suspects and frozen assets related to a cash crisis at rural banks in Henan and Anhui
  • The case has highlighted the vulnerability of lenders in China’s less-developed regions as the risk of recession grows

People protest in front of the Henan branch of the China Banking and Insurance Regulatory Commission, chanting “return our money”. Photo: Weibo
People protest in front of the Henan branch of the China Banking and Insurance Regulatory Commission, chanting “return our money”. Photo: Weibo
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