Nearly 1 Million Chinese Customers Unable to Access Their Bank Deposits..

A teller counts yuan banknotes in a bank in Lianyungang, Jiangsu Province, on August 11, 2015. (STR/AFP/Getty Images)
Nearly 1 million Chinese bank customers have not been able to access their deposits for more than a month, according to Chinese media reports. While the Chinese bank regulator claimed that its investigation found illegal wealth collecting activities involving a major shareholder and a third party platform, customers believe the regulator failed to safeguard people’s interests in the first place. Continue reading “Nearly 1 Million Chinese Customers Unable to Access Their Bank Deposits..”