Chinanews.com, March 14th (Shao Wanyun, Zhongxin Finance and Economics) Flash crash, takeover, bankruptcy, and the "aftershock" caused by the bankruptcy of Silicon Valley Bank in the United States are still continuing.
After the doors opened on the 13th (Monday) local time, there were long queues in front of the various business outlets of Silicon Valley Bank.
According to The Paper, in Massachusetts, some depositors have already lined up at the bank gate at 5:30 in the morning.
The bankruptcy of Silicon Valley Bank in the United States has also affected some Chinese companies.
Recently, a number of Chinese listed companies have released relevant news on exchanges and interactive platforms, saying that all deposits in Silicon Valley Bank have been withdrawn.
Jiu'an Medical: The company's deposit in Silicon Valley Bank can be used in full
On the 14th, Jiu'an Medical issued an announcement stating that as of the date of this announcement, the company's deposits in Silicon Valley Bank have been fully used and have not suffered losses.
Announcement screenshot
According to Joan Medical’s announcement on the 13th, as of March 10, 2023, the deposit amount of the company and its subsidiaries in Silicon Valley Bank accounted for about 5% of the company’s total cash assets and financial assets.
According to media estimates, the amount of this deposit may exceed 600 million yuan.
According to the announcement, on the afternoon of March 12, 2023, U.S. time, the U.S. Department of the Treasury, the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) issued a joint statement. According to the recommendations of the FDIC and the U.S. Federal Reserve, the U.S. Department of the Treasury has approved actions to enable the FDIC to submit Silicon Valley Bank depositors are fully protected.
From March 13, 2023, US time, depositors of Silicon Valley Bank can use their deposits in Silicon Valley Bank in full.
Jiu'an Medical said that the company will pay close attention to the implementation of the above joint statement and transfer the company's current deposits in Silicon Valley Bank to other large financial institutions as soon as possible.
The company will perform its information disclosure obligations in accordance with the relevant regulations on information disclosure of listed companies.
Pharmaron Chemicals: The company has a small amount of funds deposited in Silicon Valley Bank, which has been successfully transferred out
Screenshot from Shenzhen Stock Exchange Interactive Platform
Kanglong Chemical stated on the Shenzhen Stock Exchange’s interactive platform on the 14th that the company has established a sound fund management system. Silicon Valley Bank is one of the company’s overseas cooperative banks, and the company only has a small amount of funds deposited in the bank.
At present, the company's funds in the bank have been successfully transferred out, which will not have any impact on the company's business operations.
The market information is complicated, and investors are advised to refer to the official information of the FDIC and the information disclosed by the company.
Jacques: All bank balances have been transferred on the evening of the 9th US Eastern Time
Announcement screenshot
The withdrawal time of Jacos is earlier.
On the 12th, Jiakesi Pharmaceutical issued a statement that as of the evening of March 9, 2023 (Eastern Time), the company's cash deposit balance in Silicon Valley Bank was less than US$400,000, accounting for about 0.2% of the group's total cash and bank balances .
And on the evening of March 9, 2023 (US Eastern Time), all Silicon Valley Bank balance transfer procedures have been carried out.
In addition to Silicon Valley Bank, GACOS has established close cooperation with well-known Chinese commercial banks in overseas deposit business.
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