Protests Rage As Chinese Banks Won’t Let People Withdraw Their Funds

Estimated Reading Time: 2 minutes

Crowds of Chinese bank customers demonstrated outside a bank on Sunday over bank accounts that were frozen for months in the Chinese city of Zhengzhou, according to the Associated Press.

Several hundred protesters shouting slogans gathered in the early morning at the entrance to a branch of the People’s Bank of China (PBOC) in Zhengzhou, a Chinese city located 380 miles southwest of Beijing, reported the AP. The protesters are among thousands of depositors who found that they could not withdraw their money from the accounts for months due to an upgrade of the bank’s internal systems, Reuters reported(RELATED: Chinese Internet Users Mock Japan And Celebrate Abe’s Assassination).


Police, who closed off the area after they arrived, told protesters that they were illegally assembled and would be detained if they refused to disperse, the AP reported. A banking regulator and a local government official also arrived to address the crowd, but the protesters shouted them down.

Protesters were pushed and dragged off the bank’s steps by plainclothes security teams. When the security staff rushed to disperse the crowd, protesters threw objects, including water bottles, at them.

The demonstrators were then escorted to numerous sites where they were forced to sign letters vowing that they would no longer protest at the bank, according to the AP.


Four banks in the Henan province froze deposits worth up to $1.5 billion in mid-April amid China’s recent economic downturn, leaving thousands of citizens in the Henan and neighboring Anhui province without access to their bank accounts.

This led to unrest and planned protests after the banks and authorities failed to respond to complaints, reported the AP. Last month, the planned demonstrations were suppressed by China’s COVID-19 tracking app, which barred citizens from traveling to the bank by designating them as a public health risk.

The banks, which include the Shanghai Huimin Country Bank and Yuzhou Xinminsheng Village Bank, are under investigation by the authorities for illegal fundraising, the state-run Global Times reported.


The PBOC did not immediately respond to The Daily Caller News Foundation’s request for comment.


This article was published by The Daily Caller News Foundation and is reprinted with permission.


Are you fed up? Are you worried that America in rapidly sliding into a neo-Marxist state by the radical left in control of Washington with historically narrow majorities in the U.S. House and Senate and an Executive controlled by unnamed far leftists in place of a clinically incompetent President Biden? They are desperate to keep power and complete their radical progressive agenda that will change America and our liberty forever.

Americans just witnessed the passage of the Inflation Reduction Act of 2022 without one Republican vote in the U.S. Senate and House (just as Obamacare was passed in 2010). The IRS  will be hiring 87,000 new agents, many armed, to terrorize American taxpayers.

Americans witnessed the FBI raid at the Trump Mar-A-Lago home and property of President Trump, truly a first in all of American history. We know what that is about. 

It is undeniable that the Democrat Party and the administrative state (the executive branches of the DOJ, FBI, IRS, et al) are clear and present dangers to our Republic and our liberty as they increasingly veer further away from the rule of law and the Constitution. What is the solution? At this critical juncture, there is only one action we can all take.

The only viable and timely solution at this critical point is to vote – yes, vote correctly and smartly to retake the U.S. House and Senate on November 8th and to prepare the way to retake the White House in two years. Vote and help everyone you know to vote. Please click the TAKE ACTION link below – we must vote correctly and in great numbers to be sure our votes are counted to diminish the potential for the left to rig and steal the midterms and the 2024 elections as they are clearly intending to do after their success in 2020.



Print Friendly, PDF & Email