Thousands in Henan protested banks for witholding their money, | Hong Kong news updates

Thousands in Henan protested banks for witholding their money, resulting in large scale police and public confrontation

The frozen deposits situation at banks in #Henan Province has not eased. In the early morning of Sunday (10 July), thousands of bank account holders, unable to withdraw their deposits, gathered and protested at Zhengzhou People's Bank.

Online videos showed protesters holding up banners demanding the bank to return their deposits. Police and a large number of unidentified men arrived at the scene, to whom protesters chanted "triads". Efforts to disperse the crowd turned into violent clashes, and many were injured.

Four rural banks in Henan Province began to close their online withdrawal and transfer channels in April, affecting more than 400,000 people, involving deposits of up to 40 billion yuan.

It was reported that when some depositors planned to go in person to Henan to withdraw money last month, their #HealthCode turned red, effectively restricting their movement. It is suspected that the concerned authority was behind this controversial act.

Source: Radio Free Asia #Jul11

Detailed report [in Chinese] https://bit.ly/3OZ3r7v

#ChinaBankCrisis