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Chinese nationals living abroad are growing concerned about long delays to access funds held in Chinese banks.
“Prior to 2020 and the pandemic, it was not a challenge to withdraw money, now we are told to wait for days because of unknown delays and the branches have no staff, so there are long lines from early in the morning,” said one Chinese national living in Australia on the Chinese social media network, WeChat.
Contacted by Asia Markets, the student revealed she had been unable to withdraw or transfer any cash to the local currency so far in 2023, and has been forced to rely on digital payments.
“Officially we have been told of no changes, but everyone is experiencing trouble [with Chinese banks] recently.”