This is huge. Don't know how this will end. Henan bank is NOT the only one that is having problems with liquidity. All four Chinese banks are having the same issue. Some depositors found they can save and can NOT withdraw money with their bank cards. #bankrun #China #CCP
According to this post, #Guangdong #Huaxing #Bank is also going to default soon as 90% of its funds have been put into the real estate market. Its depositors can’t withdraw money now. Police are “maintaining stability” at a branch. #bankrun #CCP #CCPChina