Part 2/18:
Leading indicators point to a severe liquidity crisis engulfing China's banking sector. Prominent financial figures linked to elite institutions are mysteriously vanishing or being detained under circumstances suggestive of a purge. For instance, Shan Jun Bao, chair of China International Capital Corporation (CICC), has been missing for over a week, with other key executives like Ding Wei and Yi Chenyang being taken into custody. CICC, historically regarded as a financial bastion aligned with party aristocracy, now symbolizes the unraveling of China's financial elite.