China to Repay More Victims Next Week in Biggest Bank Scam

Chinese authorities will repay more victims of the nation’s biggest bank scam as it seeks to placate angry customers who have been denied access to tens of billions of yuan of deposits for months.

Clients from the four rural banks in the central province of Henan and one in Anhui with deposits of up to 100,000 yuan ($14,800) will be repaid from July 25, according to the local offices of the China Banking and Insurance Regulatory Commission.