A passbook savings account uses a passbook to record transactions. When you open an account, you receive this notebook from your bank. Passbooks tend to be roughly the size of a U.S. passport.

Chinese authorities on Sunday violently dispersed a peaceful protest by hundreds of depositors, who sought in vain to demand their life savings ... bank, the People’s Bank of China, to launch ...

If you open a passbook savings account with a bank that’s backed by the Federal Deposit Insurance Corporation (FDIC), you get an added layer of security. More specifically, up to $250,000 per ...

the People’s Bank of China (PBOC). Spurred by China’s rigid COVID-19 containment strategy, which the government rolled back in December, household savings surged by 17.8 trillion yuan in 2022 ...