Recently, topics related to “14 private banks stop or restrict personal offsite deposits” sparked a buzz on the internet. A private bank insider revealed to reporters: “In fact, territorial management of deposits has already begun to be implemented, but the policy caliber and requirements of local regulations are not consistent, so the implementation time for different institutions is early or late. The overall requirement is to achieve territorial management by the end of 2027.” At the same time, the source said that related products can no longer be added at this stage, nor can some existing products be added.

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