HMM: China Imposes Limits on Large Transactions After Bank Runs.
via bnnbloomberg: “The People’s Bank of China this month kicked off a pilot plan in Hebei province that would require retail and business clients to pre-report any large withdrawals or deposits, according to a statement. The two-year program will be expanded to Zhejiang and Shenzhen in October, encompassing more than 70 million people. Chinese lenders are … Read more