Lyu Yi, founder of Henan Xincaifu Group, is said to have fled to the United States. Photo: screengrab of Peaceever TV / Twitter
More than 400,000 depositors of six rural banks in central China’s Henan province are being urged to file their cases to banking regulators if they cannot withdraw their money, which reportedly totals 40 billion yuan (US$6 billion). Since April, the depositors, who are located in different places across the country, have been unable to withdraw their […]
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