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Other China Banks Follow Hebei in Imposing Checks on Large Cash Transactions

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Other China Banks Follow Hebei in Imposing Checks on Large Cash Transactions
A worker cleans the entrance of the headquarters of the People's Bank of China in Beijing on Dec. 9, 2011. LIU JIN/AFP via Getty Images
Frank Yue
Updated:

Evidence shows that China’s financial system seems to be “on shaky ground,” according to a March 6 report by CNN.

Banks in China’s eastern Zhejiang Province and southern Shenzhen city will carry out a program to keep large financial transactions in check, starting in early October.

Frank Yue
Frank Yue
Author
Frank Yue is a Canada-based journalist for The Epoch Times who covers China-related news. He also holds an M.A. in English language and literature from Tianjin Foreign Studies University, China.
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