Big cash transactions will require prior approval in Hebei province. Photo: Reuters Big cash transactions will require prior approval in Hebei province. Photo: Reuters
Big cash transactions will require prior approval in Hebei province. Photo: Reuters
China economy

China province orders new checks on big cash transactions after bank runs

  • New rules requiring documentation of large deposits and withdrawals is being rolled out in Hebei and will be extended to Zhejiang and Shenzhen
  • Depositors will have to say where they got the money from while withdrawer will have to say what they intend to do with the cash

Topic |   China economy
Big cash transactions will require prior approval in Hebei province. Photo: Reuters Big cash transactions will require prior approval in Hebei province. Photo: Reuters
Big cash transactions will require prior approval in Hebei province. Photo: Reuters
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