China bank customers to get deposits back after protests

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China bank customers to get deposits back after protests
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Financial regulators in central China’s Henan and Anhui provinces have promised to give some bank customers some of their deposits back after a protest over their frozen accounts turned violent.

In statements issued late Monday, officials said customers with deposits of 50,000 yuan or less would be reimbursed. They said others with larger bank balances would get their money back at a later, unspecified date.

“This does not actually solve the problem,” said Xu Zhihao, a bank customer who didn’t take part in the protest Sunday. One protester, who gave only her last name, Ding, said she and her mother had 800,000 yuan in savings deposits at multiple banks. 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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