Chinese Banks Collapse One by One! 9,000 Branches Close, 100 Million Credit Cards Vanish This Year

On December 16, in Jiangyin City, Jiangsu Province, a post on Xiaohongshu revealed that investors had gathered outside Ping An Bank’s Jiangyin branch. The protest came in response to risks associated with one of the bank’s trust products, prompting these investors to demand accountability.
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