Canton Trust and Commercial Bank (Chinese: 廣東信託銀行) was a Chinese bank in Hong Kong.
Historyedit
In 1965, bank runs occurred at branches of the bank after it suffered from heavy lending to property sector and fraud.[1] Runs on branches of the bank in Aberdeen and Yuen Long occurred in early February 1965.[2]The Hongkong and Shanghai Banking Corporation agreed to lend the bank HK$25 million to overcome the crisis, but despite this the bank declared bankruptcy on 8 February 1965. This caused a series of bank runs in other several small and medium banks in Hong Kong.[3][4]
canton, trust, commercial, bank, confused, with, bank, canton, kwangtung, provincial, bank, chinese, 廣東信託銀行, chinese, bank, hong, kong, history, editin, 1965, bank, runs, occurred, branches, bank, after, suffered, from, heavy, lending, property, sector, fraud,. Not to be confused with Bank of Canton or Kwangtung Provincial Bank Canton Trust and Commercial Bank Chinese 廣東信託銀行 was a Chinese bank in Hong Kong History editIn 1965 bank runs occurred at branches of the bank after it suffered from heavy lending to property sector and fraud 1 Runs on branches of the bank in Aberdeen and Yuen Long occurred in early February 1965 2 The Hongkong and Shanghai Banking Corporation agreed to lend the bank HK 25 million to overcome the crisis but despite this the bank declared bankruptcy on 8 February 1965 This caused a series of bank runs in other several small and medium banks in Hong Kong 3 4 References edit BANK REGULATION IN HONG KONG Run on Yuen Long branch of local bank South China Morning Post February 8 1965 ProQuest 1507150028 Hong Kong as an International Financial Centre The 1965 Bank RunsSee also editStock disasters in Hong Kong nbsp This Asian bank related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Canton Trust and Commercial Bank amp oldid 1088372295, wikipedia, wiki, book, books, library,
