How Bank run was caused?
Last weekend, the government took over management of Rebar Group
members The Chinese Bank and The Great Chinese Bills Finance
Corp. after depositors rushed to withdraw their
funds.
The depositors' concerns were triggered when two other Rebar group
companies, China Rebar Co. and Chia Hsin Food and Synthetic Fiber
Co., applied for debt restructuring after years of losses
undermined their ability to repay debts.