Creator of the article:

Reuters

Article content material

BEIJING — Monetary authorities in China’s Henan province mentioned on Friday they’ll start from Aug. 8 a fourth spherical of repayments to shoppers of 4 rural banks whose funds had been frozen in what authorities mentioned was a fancy rip-off.

People with deposits of between 150,000 yuan ($22,232.76) and 250,000 yuan shall be repaid, the Henan department of the China Banking and Insurance coverage Regulatory Fee and the provincial monetary bureau mentioned in a joint assertion. ($1 = 6.7468 Chinese language yuan renminbi) (Reporting by Beijing newsroom; Modifying by Christian Schmollinger)

Article content material

Top Stories Newsletter logo

Monetary Submit High Tales

Signal as much as obtain the day by day prime tales from the Monetary Submit, a division of Postmedia Community Inc.

By clicking on the join button you consent to obtain the above publication from Postmedia Community Inc. You could unsubscribe any time by clicking on the unsubscribe hyperlink on the backside of our emails. Postmedia Community Inc. | 365 Bloor Avenue East, Toronto, Ontario, M4W 3L4 | 416-383-2300