Bank industry employees dropped 60,000, executives have resigned, a financial crisis may break out

#Chinainsights
China's financial industry has been in constant turmoil recently, especially with the news of the collective resignations of executives of listed companies, shocking the entire industry. Since August, mainland A-share listed companies have issued over 1,100 resignation announcements, an average of 40 copies per working day.
Bank industry employees dropped: 60,000, executives have resigned, a financial crisis may break out
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[Ruteger]

Yes, I used to work as the CFO of a major Chinese bank and would like to apply for a job at your bank. I'm very good at embezzling cash and falsifying data. What? no openings? thanks anyway.

[rebeccaaldrich]

They probably see another cultural revolution coming and don't want to have a bullseye on their back. 😅

[packrm]

0:00 idk, it sounds more like they are turning in their 2wk resignation than stepping down.
0:35 what an interesting explanation of what's going on & how the current situation is worse no matter what they do.
2:17 that's the boss of the Bank of China😯?
4:02 in a hurry? Like what, being looked into for bank fraud or unpaid taxes.. & if he's concerned about that issue then I think that means we should all be concerned w/ whatever SHTF is going to come up next😬😬☹, & this is just my 1 cent opinion🥸
4:58 oh dang.. it's Xi's sweeping political reforms & is this why the banking bosses are stepping down🤯🤔? 5:30 alright.
6:21 there's a Postal Bank & what do they do exactly🤨🤯😐?
6:45 that's shocking to know from that banker lady's experience😮.
8:54 the reasons for why the situation is dark. 9:18 dang😧
9:50 if that's the case then why don't they offer all of the affected parties a special 'i - owe - you' offer from the Gov?
11:59 whoa😮
12:19 & that's their answer😬😬☹?
12:35 man those comments are you wouldn't think to see with your own eyes😮
13:20 I guess my mini question to that is how many actual reforms will the Gov actually have to delete or re-reform?
13:27 I see why they would want those options. Example; 13:42 🙄
14:04 to add to Dalio's foreshadowing, I heard Ms. Lei say that part of the cause was from the poor countryside areas which have suffered alot from the lockdowns to death rates caused by Co-19 which has devastated the spending power in China.
14:22 what a huge comparison & I wonder why he's using the Japanese model for this one🤔?

[samsonsoturian]

A lot of these corporations were already bankrupt

[nicks]

Dalios words are only as good as a shoeshine boy

[rjohnson]

Everyone is short selling Chinese stocks on this recent peak. But overall, it is slowly crashing. The CCP is artifically propping up the markets, but it won't last.

[Pierluigi_Di_Lorenzo]

This YT channel is produced by New Tang Dynasty Television which is run by the Falun Dafa movement. The cult leader of the Falun Dafa is Li Hongzhi. Li has stated that extraterrestrial aliens from other dimensions walk the Earth and are responsible for introducing technology, war, and immorality. Li says that he is a God-like being, above all other Gods, who has come to help humankind from the destruction it could face as the result of rampant evil and that he holds supernatural powers as well as eternal youth. Falun Dafa supports European right-wing parties like the German AfD, it funds Steve Bannon and claims that also Donald Trump was sent from heaven. See Wiki entries about New Tang Dynasty Television, Kanzhongguo, Epoch Times and Li Hongzhi.

[kateryan]

Good. Let's all further help the Chinese out by reducing any Made-in-China purchases whenever humanly possible.

[peterlim]

Fake news cause theirs no place they can go to during this hard time! 😂😂😂

[dan]

buy low sell high ; just waiting for the bottom

[SamSung-twvi]

If down turn is certain, try shrt selling obvious shares.

[asaguihakurei]

I heard that many are going to Japan, and trying to the permanent visa there

[donaldkasper]

Not being paid for half a year, they quit.

[oden]

Save your money guys, buy only life needs not life styles and stay earthy. The government won't help you when you need them the most unless you're their cronies 😁

[nelsontan]

they shoudl resign...after what they did to the economy...they should be arrested

[catlover]

Too bad I wasn't trained in how to listen to two people talk at the same time.

[uriabinenshtok]

but now the stock market in China got a giant stimulate

[bryanoneill]

Two voices on the commentary, not good.

[thomasheuer]

" Quick, we've been exposed. Let's get out of here "

[forgottens]

THIS MIGHT SHOCK YOU BUT U CAN TIRN OFF THE ORIGINAL VOICE AND JUST DO THE TRANSLATION!!! U KNOW CAUSE THERE ARE VISUALLY IMPAIR3D WATCHERS WHO HEAR 2 VOICES AND CANT FOCUS OR UNDERSTAND IVE BEEN SAYING THIS FOR MONTHS AND SO HAVE 2 OTHER WATCHERS IVE SEEN