News Snapshot:
Authorities in central China’s Henan province have used the COVID-19 Health Code app to monitor protesters’ movements over failures in land banks, according to social media. About 400,000 customers from four land banks were unable to withdraw their money after an estimated $ 1.5 billion in assets were frozen in mid-April, according to Caixin magazine. The China Banking and Insurance Regulatory Commission (CBIRC) has said it is paying close attention to the four village lenders who stopped offering online banking services worked with local authorities to solve the problem, it said. “Many customers from affluent southern and eastern regions deposited...
