News Snapshot:
Chinese authorities will repay more victims of the country’s greatest bank scam as it looks to placate angry clients who have been denied access to tens of billions of yuan of deposits for months. Clients from the four rustic banks in the central province of Henan and one in Anhui with stores of up to 100,000 yuan ($14,800) will be repaid from July 25, as per the nearby offices of the China Banking and Insurance Regulatory Commission. An official test into the case had found that Henan Xincaifu Group Investment Holding Co., a private investment company with stakes in the...
