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Chinese National Security Forces to Intervene in Financial Sector in Bid to Curb Capital Withdrawal

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13 November 2023
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Chinese National Security Forces to Intervene in Financial Sector in Bid to Curb Capital WithdrawalThe Chinese Communist Party (CCP) seeks to use national security forces to intervene in the financial sector, claiming to combat short-selling and other fund withdrawal behavior that results from the country’s depressed economy. The ongoing downturn in the Chinese economy has triggered a frenzy of stock selling, a reaction by traders to downside risks as they speculate on a downturn in financial markets. The Ministry of National Security stressed on Nov. 2 that “financial security is a pivotal component of national security,” and the national security organs need to “actively participate” in the economic and financial field to “monitor, hinder, and fight” financial crimes....

Read more https://www.theepochtimes.com/china/chinese-national-security-forces-to-intervene-in-financial-sector-in-bid-to-curb-capital-withdrawal-5527591

  • Previous Article Guam ‘Highly Vulnerable’ to Chinese Attack: Official
  • Next Article Burma’s Civil War Raises Concerns for Beijing

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