Protests in China: What's behind the bank scandals
It's a politically sensitive year for China. And confidence in the financial sector has plunged. A few months ago, four rural lenders in the northern province of Henan froze the deposits of hundreds of thousands of customers.
State regulators have finally announced a second round of repayments to some of those account holders starting next week. But as Patrick Fok reports from Beijing, this isn't the only banking crisis causing social unease.
#China #HenanProvince #BankCrisis
State regulators have finally announced a second round of repayments to some of those account holders starting next week. But as Patrick Fok reports from Beijing, this isn't the only banking crisis causing social unease.
#China #HenanProvince #BankCrisis