China banks to repay more customers after protests

BEIJING, Aug 19 — Chinese regulators today offered repayments to more customers of rural banks whose withdrawals were frozen, in the ongoing saga of one of the country’s biggest-ever banking scandals that triggered rare mass protests.

The provincial banking regulator in mid-July said individual customers with deposits of up to 50,000 yuan would get their money back, after one of the largest protests erupted into violence. The statement added that “repayments of under 350,000 will continue to be paid”, suggesting that not all customers with smaller bank balances had received their money yet.

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