Maybe so. OP's point is that China doesn't force the banks to put burdens on their customers for the sake of this monitoring.
It's a big deal.
It's a big deal.
Ergo, as long as limits and thresholds exist, the banking systems are equivalent, and all we are left to quibble over is the what (or how much) and the why.
Once foreign money enters China, it's very hard to get it out, the CCP has a ministry dedicated to the control of it. Most of the people don't have the need for it.
What you are saying is irrelevant to Ant and banks in general. Ant doesn't care about foreign markets or your dollars, it's a Yuan-only payment tool operates inside mainland China for Chinese people, simple as that.