Civilians make massive withdrawal from ATMs to disrupt banking system

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16th August 2019 – (Hong Kong) After Chan Ho-tin, ex-convener of Hong Kong National Party called upon civilians to withdraw all their savings from Chinese state-owned banks in the city today to paralyse the banking system, many ATM machines including HSBC, Bank of China in Tai Kok Tsui, Ho Man Tin, Fo Tan and Jordan etc were out of cash.

However, we do not think that the cash withdrawal would have any impact on the banking system.