Accounts at Yuzhou Xinminsheng Village Bank, Shangcai Huimin County Bank, Zhecheng Huanghuai Community Bank and New Oriental Country Bank of Kaifeng in Henan province and Guzhen Xinhuaihe Village Bank in the Anhui province have been frozen since April 18. Photo: Reuters
Accounts at Yuzhou Xinminsheng Village Bank, Shangcai Huimin County Bank, Zhecheng Huanghuai Community Bank and New Oriental Country Bank of Kaifeng in Henan province and Guzhen Xinhuaihe Village Bank in the Anhui province have been frozen since April 18. Photo: Reuters

Henan bank crisis savers must ‘wait patiently’ for compensation amid systemic risk, social instability concerns

  • An unnamed official from China’s banking regulator addressed problems facing China’s financial sector during a wide-ranging interview
  • Disgruntled savers at five banks in Henan and Anhui provinces have been told they will receive their money, but the official did not provide a detailed timeline

Accounts at Yuzhou Xinminsheng Village Bank, Shangcai Huimin County Bank, Zhecheng Huanghuai Community Bank and New Oriental Country Bank of Kaifeng in Henan province and Guzhen Xinhuaihe Village Bank in the Anhui province have been frozen since April 18. Photo: Reuters
Accounts at Yuzhou Xinminsheng Village Bank, Shangcai Huimin County Bank, Zhecheng Huanghuai Community Bank and New Oriental Country Bank of Kaifeng in Henan province and Guzhen Xinhuaihe Village Bank in the Anhui province have been frozen since April 18. Photo: Reuters
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