Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH)

Delayed  -  05:00 2022-09-30 pm EDT
7.1365 CNH   +0.65%
09/30Dollar up on euro as quarter ends, commodity led currencies sink
RE
09/30Russian business lobby calls for c. bank to accelerate yuan reserves
RE
09/30U.S. dollar share of global FX reserves rises in Q2; euro share slips -IMF data
RE
SummaryQuotesChartsNews 
SummaryMost relevantAll NewsOther languagesMarketScreener Strategies

China to repay more depositors in Henan bank scandal

08/19/2022 | 09:18am EDT
FILE PHOTO: Surveillance cameras are seen outside the CBIRC building in Beijing

HONG KONG (Reuters) -Financial authorities in China's Henan province said on Friday they would repay more depositors to try to contain damage from a rural banking scandal.

Deposits worth at least $1.5 billion at a handful of small lenders have been frozen since April in what authorities have said was a complex scam that sparked protests and renewed concerns about the 4,000 small banks across China.

Authorities started repaying depositors on July 15 to try to shore up confidence, following investigations by authorities and arrests of suspects.

Financial regulators in Henan said they would start another round of repayments from Aug. 22 to clients of four rural banks whose deposits have been frozen.

Individuals with deposits of between 350,000 yuan and 400,000 yuan ($51,344-$58,679) will be repaid, the Henan branch of the China Banking and Insurance Regulatory Commission and the provincial financial bureau said in a joint statement.

Authorities in Anhui province's Bengbu city issued a similar statement, saying they would start repaying clients at a bank there from the same date.

Authorities have said the scam involved a private financial group with stakes in the lenders that had faked data by colluding with bank staff and siphoning off funds illegally.

($1 = 6.8167 Chinese yuan renminbi)

(Reporting by Twinnie Siu and Meg ShenEditing by Jason Neely and Mark Potter)


© Reuters 2022
All news about UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH)
09/30Dollar up on euro as quarter ends, commodity led currencies sink
RE
09/30Russian business lobby calls for c. bank to accelerate yuan reserves
RE
09/30U.S. dollar share of global FX reserves rises in Q2; euro share slips -IMF data
RE
09/30Shenzhen stock exchange suspends registration of BYD unit's IPO application
RE
09/30Markets in Q3: Goldilocks fairlytale turns into bad bear nightmare
RE
09/30China Jicheng Halves H1 Loss Amid 34% Revenue Rise
MT
09/30Jutal Offshore Oil Services Swings to Loss in H1
MT
09/30Xinte Energy Enters $6.39 Billion Polysilicon Sale Agreement
MT
09/30Hangke Houhai Files for $16.7 Million Claim Against Shenzhen Aerospace
MT
09/30Sportsoul Prices Shenzhen IPO to Raise $97 Million
MT
More news
Chart UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH)
Duration : Period :
United States Dollar (B) / Chinese Yuan in Hong Kong (USD/CNH) Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH)
Short TermMid-TermLong Term
TrendsBullishBullishBullish