Xu Zhengyu: More than 10 million yuan in help money has been frozen in bank accounts – Sing Tao Daily

Xu Zhengyu is an experienced professional. In the past year, he received 161 requests for help regarding frozen bank accounts, involving approximately 10.7 million yuan. These cases gave him a deep understanding of the difficulties and challenges faced by citizens when dealing with cross-border financial transactions.

Hong Kong has had full customs clearance with the Mainland for more than a year. However, recently, after citizens transfer money to personal bank accounts in the Mainland at money exchange shops, it often happens that the money or bank accounts are frozen by the Mainland public security authorities. This is confusing and unsettling, and highlights the differences and uncertainties between the two financial systems.

Huang Guo, chairman of the Federation of Trade Unions, said that these freezing incidents have caused inconvenience and losses to citizens, and have also affected financial exchanges and cooperation between the two places. He called on the government and relevant departments to strengthen communication and coordination to jointly solve these problems and protect citizens' rights and financial security.

Xu Zhengyu pointed out that to solve these problems, it is necessary to strengthen citizens' financial knowledge and risk awareness to avoid getting into trouble because of ignorance of relevant laws and regulations. He suggested that citizens should carefully read the terms of the contract when conducting cross-border financial transactions to ensure that their rights and interests are not harmed.

Overall, Xu Zhengyu hopes to use his experience and knowledge to help more citizens understand the problems and risks they may encounter in financial transactions, improve their financial literacy and self-protection capabilities, and make them more effective in cross-border financial transactions. Safe and secure.