The market has this financial crisis feel about it (one example...

The market has this financial crisis feel about it (one example - Country Garden, a Chinese real estate giant, has lost billions of dollars and racked up $200 billion in unpaid bills.)

It might be very smart to grab cash now before a possible GFC 2.0 begins

(example 2 - The size of the debt tells a different picture. Evergrande's total liabilities amounted to 2.4 trillion yuan, or about $333 billion last year. It eclipses Country Garden's debt which was $200 billion at the end of last year. However, it's the scale of Country Garden's projects that is a big warning signal for the Chinese real estate sector and the wider economy.)

500 million exposure in just 2 companies, must be trillions exposed to this globally, hence the panic and cash grabs perhaps.