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A bank run hasn't been this significant since the Great Depression—suggests @HenryChia20
6 Chinese banks have frozen deposits (online & branch) since mid-April? Initially "blaming systems upgrades."
“All banks in Shanghai have restricted depositors from withdrawing money…”
"Protests are ongoing but are rarely mentioned in Chinese press."
Public protests: China Banking & Ins. Reg. Com. revealed its investigating fraud act. by the Henan New Fortune Group (the largest shareholder of relevant banks).
@HenryChia20 Regardless of cause, serious Chinese regulatory oversight questions seem to arise. An immediate concern: the prospect of contagion. At present, this seems to be a *rural-only* bank run.
But existing evidence suggests it is already spreading to bigger cities.