Thanks for the link!
It seems inevitable that the Chinese exchanges will shrink considerably after April/18. (Just compare BTC-China before and after the December decree.) Who knows whether their "overseas" reincarnations will succeed.
I am still puzzled by the price movements since Mar/26.
It seems that the only permanent effect of all the developments so far was the drop by ~550 CNY on Mar/27, after the Caixin leak. That drop makes sense.
But when the report was confirmed on Apr/03 by BTC38 and FXBTC, and re-confirmed by Huobi on Apr/10, there were additional large but temporary price drops. These I do not understand:
* if these drops were dumping by traders who had doubted the Caixin report, why would the price recover in the next couple of days?
* if all the traders had believed the Caixin report when it came out, why would them dump when it was confirmed?
I suspect some of the overseas traders who have been manipulating the price with high frequency bots opted to withdraw bitcoins and cash-out elsewhere. The alternative would be to withdraw yuan to a chinese bank and attempt to wire to a foreign bank. Very difficult if not impossible to do legally if you are not a chinese citizen.
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