Canton Trust and Commercial Bank
History
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]
gollark: I mean, it's more of a nondestructive scan of your neural architecture.
gollark: The obvious way is to use a palaiologos neural network to suggest transformations and z3 or something to test if they're equal.
gollark: Of course, you can [REDACTED AND EXPUNGED] accursed compiler hacks.
gollark: (this is in fact how GHC implements it, although with some sort of token for the RealWorld rather than actually storing all of it)
gollark: It's just a state monad but the state is the entire real world.
See also
- Stock disasters in Hong Kong
References
- 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 Runs
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