Crisis-hit banks surrounded by Chinese tanks to scare protestors: See why

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There have been reports from sources that the Banks (Rizhao, Shandong Province) are being defended by the tanks of the Chinese People’s Liberation Army (PLA).

Chinas’ tanks surrounding Henan Bank

• Reportedly, China’s bank of Henan Branch has released a notification which is the reason for this happening.
• Army tanks rolling along city streets serve as a mournful reminder of the horrific slaughter that took place in Tiananmen Square on June 4, 1989.

The Chinese government shocked the globe on Wednesday by sending tanks rumbling through the streets to frighten Henan bank protesters in the middle of major bank depositor demonstrations. Several tanks belonging to the Chinese Communist Party can be seen defending the bank in distress in a video that has gone popular on social media.


As per reports from the local media, there have been tanks defending Banks (Rizhao, Shandong Province).


The major reason behind this is the notification that the Bank of China’s Henan branch released which said that customer funds are “investment items” and cannot be withdrawn.

Army tanks rolling along city streets serve as a mournful reminder of the horrific slaughter that took place in Tiananmen Square on June 4, 1989, when the tanks and highly armed troops were sent to clear the mass of student demonstrators who congregated for weeks to call for democracy and greater freedoms at the famous Beijing’s Tiananmen Square.

There was an assurance given from the bank to the depositors that they would receive their frozen funds in installments and the same was due on 15th July. The first installment came on 15th July which was received only by some of the depositors. This issue raises severe doubts about the Henan Bank, whether it has reserve funds or not.

More than a thousand depositors of Henan Village assembled in front of the People’s Bank of China branch in Zhengzhou on July 10 to show their outrage towards the bank through a protest. Henan Provincial Financial Supervision Bureau released a notice according to which some of the depositors in Henan’s village and town were expected to receive their first installment on July 15.

However, the local media noted and pointed out that only a small fraction of people (depositors) have received their payments. Along with this, this type of compensation is nowhere mentioned in Chinese State Media.

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