BEIJING - A recent scandal involving the disappearance of billions in deposits at several rural banks in the central Chinese province of Henan has highlighted the glaring lack of financial oversight in China.
It also brought to light the local government's controversial handling of the situation, from attempts to prevent protests to the violent disbandment of hundreds of demonstrators last Sunday.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
