China's banks in crisis : Thousands of customers take to the streets to return their savings

Jul Tue 2022 02:48:48

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China's banks in crisis : Thousands of customers take to the streets to return their savings

Agency. The general public has long been on the streets in China demanding the return of deposits. They have taken to the streets demanding the return of their bank deposits. On Sunday alone, thousands of depositors protested in front of China's central bank, the People's Bank of China. They protested, saying, "Return my savings." They have been protesting against four small rural banks, especially in China's Henan province.

Yuzhou Sinmin Sheng Village Bank, Shanghai Huimin Village Bank, Zhecheng Huanghui Community Bank and Kaifeng New Oriental Rural Bank of Henan Province have not returned their deposits. The four smaller rural banks have been protesting for three months, saying they have not returned billions of rupees in deposits. According to the international media, China's small rural banks have not been able to return their deposits due to recent problems. According to media reports, one million depositors have not been able to get their deposits back.