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The Chinese government has mobilized tanks on the streets to protect banks after the Henan branch of the Bank of China stated that the people’s savings in their branches are now ‘investment products’ and cannot be withdrawn.
In particular, tanks were rolled up on the streets to frighten Henan Bank protesters in the midst of large -scale protests in the province by the bank depotation during the acquisition of frozen funds. Also Read – Chinese Account Holder Carefully! The Chinese government limits a large cash withdrawal after the bank is running
Media reports claim that Chinese Liberation Army (PLA) tanks are on the streets to protect banks (Rizhao, Shandong Province). Also Read – Chinese Claims Win in Back Fugitives, Funds from Overseas
The incident emerged in the light of the Henan branch of the Bank of China which stated that the savings of people in their branches were ‘investment products’ and could not be withdrawn. Also read – Modi, XI agrees to appreciate, implement Wuhan Consensus: China
This incident was a terrible June 4 gloom reminder 1989 – Tiananmen field massacre when Chinese leaders sent tanks and serious armed troops to clean up Tiananmen Square Beijing, where students’ demonstrators had gathered for weeks to demand greater democracy and freedom .
Although there is a promise that the depositors in the villages of Henan China will get their frozen money back in the group with the first on July 15, only a handful of depositors who receive payments, ask serious questions about whether the bank has something to be set aside.
Earlier this month, more than 1,000 depositors gathered outside the central bank branch of the country, the Bank of China, to launch their biggest protest.
According to the notification issued by the Henan Province Financial Supervision Bureau, several bank depositors in the villages of Henan and cities should get their deposits back on July 15.
However, the main non-follow-up media believes that only a handful of depositors make this payment. Chinese government media also have not posted anything about repayment.
During a large -scale protest in Henan Province by bank retrieval for the release of frozen funds, a man in white, who allegedly came from the Chinese armed police forces, pressing protests in front of Bank Rakyat Zhengzhou (China (PBOC) office, local media reported.
