Re: Nothing at all will happen on january 31st. Please stop talking about it
RUMOR, but should be easy to confirm/deny: A lot of banking services in PRC are very limited or completely unavailable until 2/7.
If true, I wouldn't expect much action at all out of China until 2d week of Feb.
If true, I wouldn't expect much action at all out of China until 2d week of Feb.
Strange thing is Zerohedge confirmed the rumor was FALSE, however Huobi still say on their website that withdrawals and deposits will not be processed during this time
http://www.zerohedge.com/news/2014-01-26/no-there-no-stoppage-cash-transfers-china
http://www.huobi.com/news/index.php?a=show_notice&id=46
http://www.huobi.com/news/index.php?a=show_notice&id=66
Actually, as I read it, the rumor I reported is true. The false rumor is quite a bit more ambitious in its scope. The true part is that holiday schedules curtail banking services through the 7th.
Hmmmm...I don't know what to believe!
I think you are right, I think the Zerohedge report was specifically referring to Citibank. Update: Looks like Forbes took down the original article!
http://www.forbes.com/sites/gordonchang/2014/01/26/china-halts-bank-cash-transfers-2/