Chinese Banks Preparing For “Worst Case” Scenario: Being Cut Off From SWIFT, Hong Kong Bank Runs
Chinese Banks Preparing For “Worst Case” Scenario: Being Cut Off From SWIFT, Hong Kong Bank Runs by Tyler Durden, https://www.zerohedge.com/ In the latest escalation over China’s de facto annexation of Hong Kong, Reuters reports that Chinese state lenders are “revamping contingency plans” in anticipation of the soon to be enacted U.S. legislation (just waiting for Trump’s signature) that …