Rural savers have taken to the streets in Zhengzhou, the capital of China’s central Henan province, after finding that their deposits at five banks have been frozen since mid-April. Photo: Weibo
Rural savers have taken to the streets in Zhengzhou, the capital of China’s central Henan province, after finding that their deposits at five banks have been frozen since mid-April. Photo: Weibo

Explainer |
5 unanswered questions about the Henan bank crisis

  • Customers took to the streets in protest after finding savings at four rural banks in Henan province and one in neighbouring Anhui had been frozen
  • President Xi Jinping has placed economic stability as a top priority and vowed to strengthen supervision within the state-dominated financial system

Rural savers have taken to the streets in Zhengzhou, the capital of China’s central Henan province, after finding that their deposits at five banks have been frozen since mid-April. Photo: Weibo
Rural savers have taken to the streets in Zhengzhou, the capital of China’s central Henan province, after finding that their deposits at five banks have been frozen since mid-April. Photo: Weibo
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