China’s banking-crisis victims promised money, but outcry as ‘it doesn’t solve underlying problem’

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Chinese authorities will start repaying some victims of one of the nation’s biggest ever financial scandals later this week after hundreds of savers took to the streets at the weekend in protest, but the move has still been met with disappointment and calls for more transparency.

Individuals with deposits of up to 50,000 yuan (US$7,450) with Yuzhou Xinminsheng Village Bank, Shangcai Huimin County Bank, Zhecheng Huanghuai Community Bank or New Oriental Country Bank of Kaifeng in Henan province will be repaid from Friday.