3min chapter

Inside China cover image

How China’s bank scandal and mortgage boycott have Beijing scrambling to respond

Inside China

CHAPTER

What's Happened to Hunan Bank?

Savers of four rura banks in renan province have not been able to access their deposits since april eighteenth. They formed grops on social media and reached out to international media, including the south china morning post,. That's how we found out that they weren't able to withdraw their deposits for over three, nearly four months. The regulator has teset ome thing yesterday with an interview wit steon media, saying that they would be repaying all the principal r from the victims in these banks. But they haven't outlined, they haven't given a time table of wem but they promised they would repay them all of their principal amemder mention.

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