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History of runs

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June 14, 1961 A run begins on Liu Chong Hing Bank. The crisis lasts for several days until the Hongkong Bank and the Chartered Bank offer support.

Jan-April, 1965 What began as a run on the small Ming Tak Bank and subsequently on the Canton Trust and Commercial Bank spreads to Hang Seng Bank. In February, Ming Tak Bank goes bankrupt and the Canton Trust fails to open. Governor David Trench imposes a maximum withdrawal of HK$100 a day and sterling notes are shipped from Britain. Runs hit other Chinese-owned banks - Far East Bank, Wing Lung Bank, Ka Wah Bank, Dao Heng Bank, and Kwong On Bank - prompting the government to arrange for the Hongkong Bank and the Chartered Bank to help. Depositors withdraw HK$80 million from Hang Seng Bank in a single day on April 5. Three days later, the Hongkong Bank acquires 51 per cent of Hang Seng. In May, the Canton Trust collapses.

1983 A run on Hang Lung Bank prompts the government to take it over. The Dao Heng Bank absorbs the government-run Hang Lung Bank in 1990. Sun Hung Kai Bank suffers a run leading, two years later, to the Arab Banking Corporation acquiring a 75 per cent stake.

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1985 A run begins on the Overseas Trust Bank, which is close to bankruptcy, prompting the government to take it over. Eight years later the government sells it to the Guoco Group.

1989 The Tiananmen crackdown in Beijing spurs a run on Bank of China's Hong Kong branches.

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July 1991 The Bank of Credit and Commerce Hong Kong collapses in what is the city's largest banking failure. Some 35,000 depositors with combined deposits of HK$10 billion are affected.

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