Fortunately the PBOC can distort financial reality so I doubt that they will tolerate a run on any institution. If they can't stop a run the army will.
But financial markets will know and then Chinese investors will know. Those with life savings invested in these dicey investments should be very nervous since the Chinese government is not very forthcoming with honest news.
Rumour mills will finish the job.
The PBOC has a real tiger by the tail.
