The decision was made today. BTC China wants to get ride of Bitcoin stock. They are doing illegal things if they are accepting deposits again.

This is the first annoucement(last week). Even so, it's clearly stated that the banks and financial companies cannot deal with Bitcoin.
BTC China was not licensed(out of law) and even they had a license, it's impossible to deal with Bitcoin because it's anonymous. You cannot do that once your licensed.

http://www.pbc.gov.cn/publish/goutongjiaoliu/524/2013/20131205153156832222251/20131205153156832222251_.html

The second announcement clarifies the whole story.

"For payment companies that have already done business with Bitcoin Exchanges, should end their business cooperation; withdrawals of balances should be completed before the Chinese Spring Festival (January 2014), and new payment services are not allowed."

I come with reliable sources:   http://forexmagnates.com/china-bans-payment-firms-from-working-with-bitcoin-exchanges/

You can find similar links all over the internet.

Also, try to deposit with BTC China. You will see that you can't do it.
Yes, THERE IS A FORMAL ANNOUNCENT:   

http://www.pbc.gov.cn/publish/goutongjiaoliu/524/2013/20131205153156832222251/20131205153156832222251_.html


Bitcoin is like illegal in USA as well. You need to be licensed in order to exchange and there is not licensed Bitcoin exchanger in USA

EU Central bank warned agaist Bitcoin 3 days ago; same Australia and New Zealand.
Thailand already banned bitcoin 5 months ago.
Swiss Central bank warned against Bitcoin last week too; same for France.

Coinbase will be closed and the bank account seized in the very near future; as it happened with MtGox bank accounts 6 months ago. Coinbase is not licensed.

It's from China`s Central Bank. They did the announcement today.

Last week, they released other annoucement and they said that all the financial companies(banks, insurers, etc) must stop accepting any Bitcoin business(to open accounts and so on).

Today they came with same clarifications and they have banned third-party payment companies from doing business with bitcoin exchanges

"For payment companies that have already done business with Bitcoin Exchanges, should end their business cooperation; withdrawals of balances should be completed before the Chinese Spring Festival (January 2014), and new payment services are not allowed"

That means all the exchangers from China(BTC China is the biggest one) must close the business as soon as possible.

At this time, BTC China does not accept deposits anymore.

So, China banned Bitcoin for good. China transactions were more than 50% from all the Bitcoin transactions

The price will go down fast. It's already $650

China`s Central Bank reported that the institution has banned third-party payment companies from doing business with bitcoin exchanges
 
Well, today China banned exchangers to accept payments from clients who want to buy Bitcoin. BTC China(the biggest exchanger from China) is not accepting deposits anymore.Yes, the clients will still be able to sell in order to not create panic but it is a temporary solution until the end of January.
 
"For payment companies that have already done business with Bitcoin Exchanges, should end their business cooperation; withdrawals of balances should be completed before the Chinese Spring Festival (January 2014), and new payment services are not allowed."
 

IMO, the banks from worldwide will ban all the Bitcoin exchangers soon(in the following months). I recommend you to sell your Bitcoin now. The rate should go down fast.

I agree with that.