current banking relationship.

It is reported that Meitu announced at the Hong Kong Stock Exchange that the Group has not held any bank accounts or funds in Silicon Valley banks since 2020, nor has the Group had any current or ongoing banking relationship with Silicon Valley banks.   Meitu: No current or ongoing banking relationship with Bank of Silicon Valley Analysis based on this information:Meitu, a leading Chinese technology company that specializes in image and video editing software, has announced through the Hong Kong Stock Exchange that it has cut its ties with Silicon Valley banks. According to the company’s statement, Meitu has not held any bank accounts or funds in Silicon Valley banks since 2020 and has no current or ongoing banking relationship with these banks. The move comes at a time when the United States and China are engaged in a trade war that has seen the U.S government take measures to limit China’s access to American technology and financial systems….