All the signs are that these exchanges will no longer be able to hold CNY balances since no Chinese banks will deal with them.
Assuming the above is correct then traders are faced with a choice of how much CNY vs BTC they want to hold. The CNY they will have to withdraw at some point and some may wish to take some money back since it could be month/years before trading resumes. (Assuming a long term outlook is that China cannot avoid bitcoin forever that is)
Any BTC they are left with should be considered long term savings then or useful only for any foreign business or say a holiday outside of China.
So if all USD trading was to cease for an indefinite period what would you do ?
Cash out or commit and buy BTC for the long hold ?
For myself I'm in this for the long run, say 5+ years so I would want to be 100% BTC and not withdraw any Fiat at all.
It's could be an interesting few days





