Protesters demonstrate outside the banking regulator in Zhengzhou in May in a banking crisis that continues to unfold. Photo: Weibo
Protesters demonstrate outside the banking regulator in Zhengzhou in May in a banking crisis that continues to unfold. Photo: Weibo

Hundreds more arrested in China’s rural banking scandal

  • Police in Xuchang say criminal gang seduced depositors with very high interest rates of at least 13 per cent
  • Suspects accused of involvement in a snowballing crisis that has sparked protests

Protesters demonstrate outside the banking regulator in Zhengzhou in May in a banking crisis that continues to unfold. Photo: Weibo
Protesters demonstrate outside the banking regulator in Zhengzhou in May in a banking crisis that continues to unfold. Photo: Weibo
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