Xu Zhengyu: 161 cases of bank account freezing and seeking help involving 10.7 million yuan

In the past year, 161 people sought help from the Secretary for Financial Services and the Treasury, Mr Hui Ching-yu, because their remittances or bank accounts had been frozen, involving amounts of up to 10.7 million yuan. These cases illustrate the risks and challenges that can be encountered in financial transactions.

The impact of freezing bank accounts

When a person's bank account is frozen, he will not be able to freely access the funds in it, which can have a serious impact on the daily operations of individuals and businesses. Especially for those who rely on bank accounts for business transactions, this situation can lead to financial losses and damaged credit.

Xu Zhengyu’s response to this matter

Xu Zhengyu pointed out that these cases of freezing bank accounts need to be handled and resolved in a timely manner to ensure that the rights and interests of the affected people are not harmed. He said he would cooperate with relevant departments to actively assist in solving these problems.

Strengthen financial risk management

In order to avoid similar situations from happening again, Xu Zhengyu called on the public to strengthen their awareness of financial risk management, regularly check their bank accounts and transaction records, and discover and solve potential problems in a timely manner.

• Monitor account activity
• Protect personal information security
• Comply with financial regulations

Conclusion

In today's complex and ever-changing financial environment, protecting the financial security of individuals and businesses is critical. Xu Zhengyu’s positive response and appeal will help increase the public’s attention to financial risk management and promote the stability and healthy development of the financial system.