Financial regulators in central China's Henan and Anhui provinces have promised to give some bank customers some of their deposits back after they staged protests over having their accounts frozen.
’s Henan and Anhui provinces have promised to give some bank customers some of their deposits back after a protest over their frozen accounts Sunday turned violent.
The protesters are among thousands of customers who opened accounts at the banks in Henan and neighboring Anhui province that offered relatively high interest rates. They later found they could not make withdrawals after media reports that the head of the banks’ parent company was wanted for financial crimes.
The People's Bank of China, the country's central bank, guarantees deposits of customers up to 500,000 yuan , but that won't be enough to cover some peoples' losses. Multiple protesters told the AP that some people were hospitalized after being hurt when police and plainclothes security officers used force to disperse the protesters, though most of the injuries were scrapes or cuts.
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