INSTITUTION
PERIOD
BACKGROUND,RESPONSEMEASURESAND
RESULTS
14 EnterpriseBankof
Hualien
2007.01.05~2012.07.09
Conservatorship
2012.07.10~Present
Receivership
•
The bank's operational and financial condition
continued tomarkedly deteriorate, resulting in
a negative net worth and continuous monthly
losses from2005.TheFSCdesignated theCDIC
to carryout on-site conservatorship.
•
The bank was generally assumed by the
ChinatrustCommercial onSeptember 8, 2007.
•
The FSC instructed that conservatorship be
terminated frommidnight on July10, 2012, and
that the receivership be simultaneously started.
TheCDICwas designated as receiver tohandle
follow-up receivershipaffairs according to law.
15 ChineseBank
2007.01.06~2014.02.27
Conservatorship
2014.02.28~Present
Receivership
•
The bank experienced major fraud following
a management change at the start of 2007.
This led to a serious bank run and turned the
bank's net worth negative. Due to concerns
over the bank's inability topay its debt and the
danger of jeopardizing the rights and interests
of depositors, the FSC designated the CDIC to
carryout on-site conservatorship.
•
The bank was generally assumed by the
Hongkong and Shanghai Banking Corp. on
March29, 2008.
•
The FSC instructed that conservatorship be
terminated frommidnight onFebruary28, 2014,
and that the receivership be simultaneously
started.TheCDICwasdesignatedas receiver to
handle follow-up receivership affairs according
to law.
16 ChinaUnitedTrust
and Investment
Corp.
2007.05.30~Present
Conservatorship
•
The company had a negative net worth and
unsuccessfully tried to save itself through a
capital increase. The FSC designated the CDIC
to carryout on-site conservatorship.
•
Thebankwas generally assumedby theCathay
UnitedBankonDec. 29, 2007.
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