No panic on the mainland
By Wang Xu and Zhang Qi in Beijing, and Wang Zhenghua in Shanghai | China Daily | Updated: 2008-09-26 07:58
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Customers queue up at a BEA branch in Hong Kong yesterday. Hundreds of Hongkongers swarmed BEA branches for a second day to withdraw their deposits. AFP |
Mainland depositors seemed to have shrugged off the "malicious rumor" that Bank of East Asia is in trouble, but analysts say the turmoil is a reminder to local lenders that a perceived lack of communication can trigger chaos at a time of financial uncertainties.
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