Small banks in China are running into trouble. Savers could lose everything

[Wt_know]

that's why wifey issue ultimatum to me that no FD shall be placed in China and India banks ... even offer 10% interest ....

 

Edited July 13, 2022 by Wt_know

[inlinesix]

Saw this week for some times.

Don’t want to provoke little pinky

Protest works in China

[DOBIEMKZ]

21 minutes ago, inlinesix said:

Saw this week for some times.

Don’t want to provoke little pinky

Protest works in China

It seems that the Notice contains two caveats (the 2nd and 3rd ones) that can be prejudicial to depositors.

[Lala81]

1 hour ago, inlinesix said:

Saw this week for some times.

Don’t want to provoke little pinky

Protest works in China

They will allow the 50k yuan and below depositors to withdraw? 

[inlinesix]

33 minutes ago, Lala81 said:

They will allow the 50k yuan and below depositors to withdraw? 

Authority will pay with account holder with balance less 50k 1st.

There will be separate arrangement for those account with balance more than 50k. The holders will be notified at a later date

[inlinesix]

1 hour ago, DOBIEMKZ said:

It seems that the Notice contains two caveats (the 2nd and 3rd ones) that can be prejudicial to depositors.

If authorities can find out about these non official channels 

[inlinesix]

27 minutes ago, Singa said:

China's deposit insurance scheme is supposed to cover deposit up to 500k Rmb. Clearly, the law in this country is very flexible, happily can change to allow payout to account holders with less than 50k first.

Now can still put the cash  under the pillow, maybe next time with digital Rmb, it will be easier for authority to just zero out conveniently. 😅

墊付 Advance Payment.

It seems there is a fraudulent scheme that is subject to criminal investigation.

[inlinesix]

Just now, Singa said:

hopefully they will prosecute the gangsters that beat up the account holders, the officials that manipulated the trace together app status of people going to the bank to demand back their money. but heh, the party itself should be investigated. how come ccp party officials themselves are so rich, ccp is communist party isn't it? should share wealth to the entire nation, no?

CCP share other ppl wealth.

Not their own wealth 

[mersaylee]

7 hours ago, Singa said:

oh yes, 共 your 产, not theirs

your money is my money. mine is still mine

I now suspect my better half is a commie...she 生产 I must 共产 😅

[Playtime]

9 hours ago, Singa said:

 yes, 共 your 产, 

New term to tell boss in resignation letter. 

"xxx will be my last day..  you can go 共your 产。。"

[Playtime]

Fake news??  

 

https://9gag.com/gag/adgzzbM

[Volvobrick]

10 minutes ago, Playtime said:

Fake news??  

 

https://9gag.com/gag/adgzzbM

NDP....

[Mustank]

On 7/13/2022 at 7:51 PM, Wt_know said:

that's why wifey issue ultimatum to me that no FD shall be placed in China and India banks ... even offer 10% interest ....

 

How about buy shares in India startups? 🤪

[Wt_know]

9 minutes ago, Mustank said:

How about buy shares in India startups? 🤪

even Ascendas India Reits i also don't buy ... you say leh?

[Playtime]

44 minutes ago, Volvobrick said:

NDP....

if it turns ugly there again... the contagent effects could hurt our economy too leh.

[Cheesey74]

Wah zhuguo chut tanks liao 😨..

https://sg.yahoo.com/news/tanks-deployed-chinese-authorities-stop-151704682.html

 

 

[inlinesix]

This bideo explains WTF about this scandal

 

[Playtime]

On 7/22/2022 at 8:44 AM, Cheesey74 said:

Wah zhuguo chut tanks liao 😨..

https://sg.yahoo.com/news/tanks-deployed-chinese-authorities-stop-151704682.html

 

 

Communist tanks defending bank$$$ from peasants.... 🤣🤣🤣🤣...  Hollywood script 

 

Heard got new saga about some temple in China housing jap war criminals... right on time,  divert attention... 打倒日本鬼子。。。 共产党万岁万岁万万岁。