Protesters demand the return of their money in front of the Henan branch of the China Banking and Insurance Regulatory Commission in Zhengzhou city, central China’s Henan province. A cash crisis at four rural Henan banks highlights the vulnerability of rural lenders. Photo: Weibo
Protesters demand the return of their money in front of the Henan branch of the China Banking and Insurance Regulatory Commission in Zhengzhou city, central China’s Henan province. A cash crisis at four rural Henan banks highlights the vulnerability of rural lenders. Photo: Weibo
Financial regulation
Economy /  China Economy

China’s regional banks tarnished by allegations of crimes, bad loans and excessive risk

  • The coronavirus pandemic and subsequent virus controls have taken a huge toll on regional finances and exposed scores of bad loans in the process
  • The province of Liaoning epitomises the precarious nature of China’s regional banking system after years of issuing loans with loose or no credit checks

Ji Siqi
Ji Siqi

Updated: 5:56am, 2 Jul, 2022

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Protesters demand the return of their money in front of the Henan branch of the China Banking and Insurance Regulatory Commission in Zhengzhou city, central China’s Henan province. A cash crisis at four rural Henan banks highlights the vulnerability of rural lenders. Photo: Weibo
Protesters demand the return of their money in front of the Henan branch of the China Banking and Insurance Regulatory Commission in Zhengzhou city, central China’s Henan province. A cash crisis at four rural Henan banks highlights the vulnerability of rural lenders. Photo: Weibo
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