Panic! China Banks Out of Money, Strictest Capital Controls, People Rush to Open Hong Kong Accounts (opens in new tab)

Recently, Hong Kong’s financial sector has experienced a huge shake-up\. Mainland residents are being stopped from opening bank accounts, investing in Hong Kong or U\.S\. stocks, and conducting other related business\. Since May 26, mainland investors opening new investment accounts in Hong Kong banks have been required to sign a statement confirming their funds come from legal sources outside China\. Join this channel to get access to perks: \#chinaobserver All rights reserved\. ⭐You can su...