Some have shared that it’s not just China Construction Bank that has issues with spending and transfer limits; similar restrictions are reported across all banks. For instance, some Agricultural Bank of China customers can only withdraw 500 yuan daily. According to bank customers, the bank does not pre-inform them of these restrictions, leaving them to discover the restriction only when attempting to withdraw funds. It seems almost every citizen has encountered limits on their bank cards.
One X user has bluntly stated that the real reason for these restrictions is the banks’ lack of funds. Limiting customers’ withdrawals is a measure to prevent a run on the banks. Statements like these are suggesting that the Banks’ financial system is possibly on the brink of collapse.
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Imminent Collapse in China’s Banking, Withdrawing $70 Becomes Tough, Silent Limits on Depositors
