https://www.scmp.com/business/banking-finance/article/3023065/hong-kongs-banks-say-they-have-adequate-cash-meet-demand
These HK protestors should go back to schools and study more about finance. The HKMA has close to US$450b in reserves for any currency and financial war. It is impossible to even ruffle any feather in the banking system at all. Furthermore, HK has China as its backer to weather out any financial crisis.
https://www.hkma.gov.hk/eng/key-information/press-releases/2019/20190807-4.shtml
A bank run is impossible to happen but some inconvenience will be caused to the general public because the banks have to refill the ATM notes more frequently. This will only incur the wrath of the general public and the protestors will suffer more backlashes from the public.
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The bank run plan hatched by the protestors had failed miserably. Why?
This was because most of the protestors were youngsters with not a lot of savings and they couldn't withdraw enough money to cause a bank run. Furthermore, their parents did not trust the children as the parents were afraid the youngsters would squander the money away. Therefore, the parents didn't support their children to withdraw the cash.
What a shame! What a shame!
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