China’s Henan bank scandal not just a financial crisis, it may be a lasting political calamity: analysts

chinas henan bank scandal not just a financial crisis it may be a lasting political calamity analysts
On Sunday, July 10, demonstrators hold up signs protesting against the freezing of deposits by some rural-based banks, outside a People’s Bank of China building in Zhengzhou, Henan province. The text in the foreground reads, “Henan Bank, return to us our legal deposits! The people’s life-saving deposits!” Photo: Reuters

On Sunday, July 10, demonstrators hold up signs protesting against the freezing of deposits by some rural-based banks, outside a People’s Bank of China building in Zhengzhou, Henan province. The text in the foreground reads, “Henan Bank, return to us our legal deposits! The people’s life-saving deposits!” Photo: Reuters

South China Morning Post

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