[1][2] Over the course of the previous two months, depositors have held multiple protests in the city of Zhengzhou, which serves as the capital of the province of Henan.

[8] The South China Morning Post and BBC reported fears that by June the Health Code system was being abused.

[13][8] Afterwards, the amount of compensation for the number of deposits are gradually increasing: The Henan bank crisis is contributing to growing volatility in the Chinese financial system.

Since at least 2022, there has been an increasing number of defaulted property loans recorded on the books of smaller, regional lenders.

[22] A video circulated on social media which claimed that the People's Liberation Army deployed tanks to defend the banks from the protesters.