Canton Trust and Commercial Bank

From Wikipedia, the free encyclopedia
  (Redirected from Canton Trust Bank)
Jump to: navigation, search

Canton Trust and Commercial Bank (Chinese: 廣東信託銀行) was a Chinese bank in Hong Kong.

History[edit]

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 still bankrupted on 8 February 1965. This caused a series of bank runs in other several small and medium banks in Hong Kong.[3][4]

See also[edit]

References[edit]