Chinese city of Bengbu will repay rural bank clients on Aug. 8


Reuters | Beijing | Updated: 05-08-2022 09:21 IST | Created: 05-08-2022 09:21 IST
Chinese city of Bengbu will repay rural bank clients on Aug. 8
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  • China

The Chinese city of Bengbu in Anhui province will start its next round of repayments to clients of a local rural bank on Aug. 8,the city's financial regulators said on Friday, after their funds were frozen in what authorities said was a complex scam.

Individuals with deposits of between 150,000 yuan ($22,233.09) and 250,000 yuan will be repaid, according to the statement from the regulators.

($1 = 6.7467 Chinese yuan renminbi)

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