On June 18, the official wechat account of Xuchang Public Security Bureau issued a warning on the cash withdrawal problems of several rural banks in Henan province.

According to the notice, on April 19, 2022, the Public security authorities of Xuchang city filed a case against Henan New Fortune Group Investment Holding Co., LTD. (hereinafter referred to as "Henan New Fortune Group") for suspected major crimes. Preliminary investigation is now, since 2011, the company's actual controller led by the criminal gang suspected of using village banks to implement a series of serious crimes.

At present, positive progress has been made in the investigation of the case. The public security organs have arrested a number of suspects and sealed up, seized and frozen a number of funds and assets involved in the case according to law. The alleged crime lasted for a long time, involved many people, the case is very complicated. The public security organs will further intensify the investigation of cases to prevent criminals from getting away with murder and escape punishment, further intensify efforts to recover stolen goods and reduce damage, safeguard the legitimate rights and interests of the people, and release the progress of the investigation in due course.

In April 2022, Henan Yuzhou New Minsheng Bank, Shangcai Huimin Rural Bank, Zhecheng Huanghuai Rural Bank and Kaifeng New Oriental Rural Bank were exposed as unable to withdraw cash. At the time, the bank said it would suspend online and mobile banking services for system upgrades and maintenance. At the same time, the four banks also faced difficulties in offline cash withdrawals, with limits on the amount and objects of cash withdrawals.

Henan new wealth Group, for the above four rural banks shareholders. It is reported that Henan New wealth group through internal and external collusion, the use of third-party platforms and money brokers to absorb public funds, suspected of illegal crimes.

In May, THE CBRC and the People's Bank of China said that they continued to pay attention to the closure of the online service channels of the four rural banks in Henan, and had instructed the Henan CBRC and the Zhengzhou Central Branch of the People's Bank of China to earnestly fulfill their local supervision responsibilities, and closely cooperate with the local Party Committee and government and relevant departments to handle the situation safely. (Cheng Ho-kwan)