Ming Tak Bank

Ming Tak Bank

Ming Tak Bank (Chinese: 明德銀號) was a bank in Hong Kong.

The bank was owned and managed by Mr. Poon Kai Kwong who also involve in a construction and property businesses. And Poon was very active in investing in the property boom in the early 1960s in Hong Kong.[1] In January 1965, the bank was taken over by the British Hong Kong Government but it later bankrupted because of its heavy loss in property investment.[2][3] This led to a series of bank runs in other small and medium banks and finally a stock crash.[4]

References


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