School committee president, Higher educational institution in Beijing, China

Beijing, July 12 Authorities in China's Henan province say they will start releasing money to customers who have had their funds frozen by several rural banks, the BBC reported.The announcement came just a day after a rare protest in Henan's capital, Zhengzhou, turned violent.Payments will be made in batches from this Friday, local regulators say.The four banks that were the focus of the protests are believed to have frozen a total of 39bn yuan ($5.8bn) of deposits.The Henan Banking and Insurance Regulatory Bureau and the Henan Provincial Local Financial Supervision Bureau said "advance payments" would be made to customers through a local association supervised by China's central bank.The regulators asked customers to contact the association from Friday.On Sunday, a protest over the frozen deposits, which was attended by hundreds of people in Zhengzhou, turned violent after a clash with a group of unidentified men, BBC reported.The demonstrators said the banks had frozen their deposits because of supposed upgrades to their internal systems in April, but had not communicated with them since then.Local media reports said police were present at the demonstration and had told protesters to leave.Videos on social media showed a group of unidentified men believed to be security personnel but dressed in plain clothes shoving the protesters and throwing water bottles at them, BBC reported.One protester, who had travelled to Henan for the demonstration, told BBC about the protestors being attacked."A group of people without police uniforms (on) rushed towards us. They hit us hard, especially (the) men," said the protester, who wanted to be identified only as Ms. Wang.On Sunday, local police said that they had arrested "a number of suspects" linked to the case and were making progress in their investigation into the banks, without mentioning the protests.The police said the suspects were believed to have controlled a number of banks in the province through a parent company.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

School Committee PresidentFOLLOW

School committee president, Latest News

China has placed new modular barracks in the Tibetan plateau and the Spratly Islands that can withstand typhoons and are corrosion resistant. ...

Shimla, July 18 Several Tibetan organisations, including non-governmental organisations, political parties, student groups, etc., held massive protests in ... ...

Non-profit organizations and charities have raised concern over donor privacy laws in the US as China targets overseas dissenters. ...

Beijing, July 17 China's national observatory on Sunday continued to issue a yellow alert for high temperatures as ... ...

As the Sri Lankan political crisis continues to rage, China has not made any comments and this has made it evident that the ouster of the Rajapaksa family from power is set to have long-term implications for the Chinese, media reports said. ...

Beijing, July 14 China's national observatory on Thursday issued a blue alert for rainstorms in some regions of ... ...

New Delhi, July 13 The Delhi High Court on Wednesday allowed Chinese smartphone maker Vivo to operate its ... ...

Beijing, July 12 Authorities in China's Henan province say they will start releasing money to customers who have ... ...