Quote:河南多家村镇银行400亿存款暴雷，百度、小米、360或牵涉其中






https://finance.sina.com.cn/money/bank/bank_hydt/2022-05-31/doc-imizmscu4365130.shtml

(06-06-2022, 05:24 PM)sgbuffett Wrote:  This one is bank employees collude with wealth management product companies and sold the stuff to customer....and money was lost.

It's not "stolen from bank".

Correct?

(26-05-2022, 10:33 AM)kokee Wrote:  all these know nut comie dogs bark from ass without evidence, fake, lies, FLG but no proof, norm, all these BS liars.
SSE, what top in 2007 at 6000? 6000 is adjusted, if they are really in the market long enough, real number is around 6400.
same to above henan banks, anhui also happening, this case started almost months ago.


存银行的钱不让取了？河南安徽涌现金融难民

(06-06-2022, 05:24 PM)sgbuffett Wrote:  This one is bank employees collude with wealth management product companies and sold the stuff to customer....and money was lost.

It's not "stolen from bank".

Correct?

Quote:警方回复储户时表示，"初步发现相关银行和河南新财富集团投资控股有限公司合作，后者涉嫌非法吸收公众存款，目前已处于立案侦查阶段"

(06-06-2022, 05:31 PM)sgbuffett Wrote:  Based on the descriptions of many depositors, they purchased the Internet deposits of the above-mentioned village banks through apps such as Du Xiaoman, JD Finance, Tianxing Finance (formerly Xiaomi Finance), and You Wealth under  Digits. The annualized interest rate ranges from 4.1% to 4.9%. . Later, due to the rectification of Internet deposits by supervision, the above-mentioned third-party Internet financial platforms successively removed related deposit products in December 2020. In January 2021, the China Banking and Insurance Regulatory Commission and the People's Bank of China jointly issued the "Notice on Regulating Commercial Banks' Personal Deposit Business through the Internet" (hereinafter referred to as the "Notice"). The "Notice" clarifies that commercial banks are not allowed to conduct fixed deposits and fixed-life dual-convenience deposits through non-self-operated online platforms. Affected by this policy, some depositors have been diverted from the Internet financial platform to the WeChat applet of the bank to directly purchase deposit products. According to the information provided by the depositor Mr. Zhou, he received the Zhecheng Huanghuai Rural Bank, and the short message linked the website of the Chenghuanghuai Rural Bank's applet, through which he could enter the bank's official account applet. A variety of deposit products have been purchased in the applet. From April 18th to 19th, 2022, four rural banks, Yuzhou Xinminsheng Rural Bank, Shangcai Huimin Rural Bank, Zhecheng Huanghuai Rural Bank and Kaifeng New Oriental Rural Bank, successively issued announcements to remind the system to upgrade. The system will be upgraded and maintained, and online banking and mobile banking services will be suspended.

This means that the village banks involved closed the online withdrawal and transfer channels without warning, which caused panic among depositors.

(06-06-2022, 08:32 PM)revealer Wrote:  According to the description,  it was the customers' deposits that went missing.   These customers are mainly those who deposited their money through online platforms using apps offered by Baidu, Xiaomi or China Insurance related companies.   Most of the customers are outstation customers.   

The mastermind behind the scam had gone missing with the money.  

According to the Police report,   The relevant banks cooperated with a local company that was found dealing with public deposits illegally.  They are still investigating.  


The text said if this kind of deposit is found to be done through a 3rd party (第三方平台),  the depositors might not get their money back.  The text also said it was estimated there were about 800 to 1000 such 3rd party money depositing platforms presently operating in China.

(06-06-2022, 06:43 PM)Blin Wrote:  Ave 70 bucks per acct. small chan

(06-06-2022, 10:51 PM)revealer Wrote:  This guy named Yang said he has deposited  2 million yuan..and there is no way he could withdraaw the money.  It just disappeared.  It has been 45 days and there was no action done to get his money back.

This webpage gave a lot of information about the lost money and deposit.  Some bought special deposit products using apps offered by legitimate online platforms.  The platforms clarified that those products are products from the banks and not from 3rd party.  They signed agreements with the banks and made sure that the products have the bankers' guarantees etc

http://www.myzaker.com/article/62995e0d8e9f095fe1611dae

(07-06-2022, 09:41 AM)Sharexchange Wrote:  Part of it i suspect already bought a 20 condo units here liao..

(07-06-2022, 09:32 AM)Blin Wrote:  "In order to cheat victims , victims must be convinced." elementary sop.

Quote:In the 2021 "China Financial Stability Report", it said the central bank disclosed that among the 4,023 banking institutions, only 2% or about 83 banking institutions are no-risk banking institutions.

There are 2,168 rural commercial banks, rural cooperative banks and rural credit cooperatives, of which 271 are high-risk banks, accounting for 12.5%; there are 1,642 village banks, of which 122 are high-risk institutions, accounting for 7.43%; urban commercial banks There are 130 high-risk banks, and 10% of them are high-risk banks. Based on the above analysis, there are 406 high-risk banks.

However, the central bank has not disclosed the specific list of 406 high-risk banks, so the outside world cannot obtain the list of these high-risk banks from official channels. Whether the four village banks in Henan that have problems are high-risk banks, the outside world cannot know the exact answer.

https://www.sohu.com/a/548730890_120804383

Quote:https://vct.news/news/f8824eda-ecca-4b4a-967c-2b5fe29cc872