Bank of China · Full chronicle and history

Chinese banking systems are tightening resident foreign exchange and overseas transfers, requiring in-person counter transactions, explanations of fund usage, and submission of relevant supporting documents; the amount of foreign exchange individuals can exchange and remit is subject to quota limits.

The video claims that more than 70% of the debt currently issued by the Chinese Communist Party is bought by banks.

The National Audit Office of China released an audit work report revealing that between 2023 and 2025, the Bank of China used employee capital contributions to "make up numbers" and packaged private equity funds as public funds, evading a cumulative 2.367 billion yuan in taxes.

An audit report revealed that Bank of China used methods such as gathering people through employees to package private equity funds as public funds, evading approximately 2.367 billion yuan in taxes over a period of more than two years.

On May 26, 2026, multiple mainland Chinese residents reported that Bank of China (Hong Kong) had tightened its account opening requirements. Counters now require proof of offshore fund sources and records of overseas work, study, or investment, leading to the rejection of some mainland applicants.

In 2025, the net interest margin of China's commercial banks dropped to 1.4%, with the Bank of China at 1.26%, and net interest income experienced negative growth for two consecutive years.

Bank of China used its subordinate financial institutions and employee contributions to create public-like holder structures for 11 private equity funds in order to exploit tax incentives meant for public funds.