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Bank Of China Group
Bank of China Group (中銀集團;BOCG) was the brand used to denote 13 banks that were almost entirely owned by the Chinese government that operated in Hong Kong, until their merger in 2001 to form Bank of China (Hong Kong). The exception was the Hong Kong branch of the Bank of Communications, which left BOCG in 1998. The BOCG brand is still retained by the life insurance and casualty insurance operations of the Bank of China, in both Hong Kong and Mainland China. History The opening of a branch of the Bank of China in Hong Kong in 1917 marked the entry of state-owned Chinese banks into the then colony's banking sector. Other banks soon followed suit, starting with Yien Yieh Commercial Bank in 1918. By the time the People's Republic of China was established in 1949, there were 15 branches of state owned Chinese banks in Hong Kong, plus branches of nine Mainland-incorporated banks that were public-private joint ventures, namely: * Sin Hua Bank Limited (SHB) * China & South S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China State Bank Limited
China State Bank () was a bank in China. History *1928: Established in Shanghai with its Chinese name of 國華銀行. *1938: Set up Hong Kong branches. *1948: Change its Chinese name to 國華商業銀行. *1980: Moved its headquarters to Beijing. *1989: Became a wholly owned subsidiary of Bank of China Group. *2001: Merged to form Bank of China (Hong Kong) Bank of China (Hong Kong) Limited () also known as its short name Bank of China (Hong Kong) or BOCHK (), is a subsidiary of the Bank of China (via a Hong Kong-listed intermediate holding company BOC Hong Kong (Holdings)). Bank of China (Hong K .... References [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Hong Kong
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of Hong Kong
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chiyu Banking Corporation
Chiyu Banking Corporation Limited also known as Chiyu Bank is a bank incorporated in Hong Kong. History It was founded by Tan Kah Kee on 15 July 1947, and it has 23 branches in Hong Kong and focuses on serving the community of Fujianese people in Hong Kong. Chiyu was explicitly created by Chen to create a sustainable business with profits to be devoted to education in Xiamen and the rest of Fujian province in China. Since its founding, it has spent more than HK$1 billion in education in the province, primarily through funding Jimei University and its related schools. Ownership Bank of China (Hong Kong) gradually accumulated a 70% stake in Chiyu in the 1970s; the rest of the bank is held by the Jimei University foundation, the government of Xiamen Xiamen ( , ; ), also known as Amoy (, from Hokkien pronunciation ), is a sub-provincial city in southeastern Fujian, People's Republic of China, beside the Taiwan Strait. It is divided into six districts: Huli, Siming, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hua Chiao Commercial Bank
Hua Chiao Commercial Bank () was a bank in Hong Kong. It was established in Hong Kong in 1962 by several Indonesian Chinese. After 1965, it became a member of Bank of China Group. It was involved in remittance and deposit account businesses, but it switched to export and import trading loan, international settlement after the 1970s. In 2001, it was merged to form Bank of China (Hong Kong) Bank of China (Hong Kong) Limited () also known as its short name Bank of China (Hong Kong) or BOCHK (), is a subsidiary of the Bank of China (via a Hong Kong-listed intermediate holding company BOC Hong Kong (Holdings)). Bank of China (Hong K .... References {{Bank of China Banks established in 1962 Banks disestablished in 2001 Defunct banks of Hong Kong Bank of China 1962 establishments in Hong Kong 2001 disestablishments in Hong Kong ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kwangtung Provincial Bank
The Kwangtung Provincial Bank () was a bank latterly based in Hong Kong, also known as the Provincial Bank of Kwangtung Province. The largest of the provincial banks, there were however a succession of at least seven distinct organisations trading as the Kwangtung Provincial Bank from 1904 through 1949, with Chinese operations suspended in 1950-51; absorbed into the People's Bank of China following the establishment of the People's Republic of China. The remainder of the bank continued in operation until 2001 when it was taken over by the Bank of China (Hong Kong). Banknote Issue The first known banknote issues appeared in 1913, through to 1922, all printed by the American Banknote Company, New York. Subsequent issues are of 1923 and 1925 as the Central Bank of China. During the 1930s, three separate issues of currency all dated 1931 were issued by the bank. Small change (10, 20 and 50 cents) issues appeared in 1934 and 1935. Larger notes of $1 to $10 were issued between 1935 and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nanyang Commercial Bank
Nanyang Commercial Bank (NCB, Chinese: 南洋商業銀行) is a bank based in Hong Kong and a wholly owned subsidiary of China Cinda Asset Management China Cinda Asset Management Co., Ltd. known as China Cinda or just Cinda is a Chinese merchant bank and asset management company. The corporation was founded as a state-owned enterprise and a bad bank for China Construction Bank in 1999. The ban ... (Cinda), with 42 branches. It was established in Hong Kong on 14 December 1949. NCB primarily focuses on corporate customers, in particular trading companies. In 2015 Cinda acquired Nanyang Commercial Bank from Bank of China (Hong Kong) for HK$68 billion. Cinda had purchased NCB to diversify its business in areas of cross-border finance. Strategic Development It was reported in December 2018 that Nanyang Commercial Bank was one of the shareholders of a new fintech firm Nova Credit, which had entered bid to a new Know Your Client utility platform to be implemented for banks in Hon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Po Sang Bank
Po Sang Bank was a bank established in 1949 in British Hong Kong. All other banks operated by the Bank of China in the territory were merged into the legal person of Po Sang Bank in 2001, and the legal person was renamed to Bank of China (Hong Kong). One branch of the Po Sang was involved in what was then the largest holdup in the history of Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta i ... in 1974 and another in 1979 (and later involved HKP officer and SDU member Yee Wai-ming). References Defunct banks of Hong Kong Bank of China Banks disestablished in 2001 Banks established in 1949 {{HK-company-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Industrial Bank Of China
National Industrial Bank of China (NIBC; simplified Chinese: 中国实业银行, traditional Chinese: 中國實業銀行) was a bank established in September 1915 or 1919 in Tianjin. It moved its headquarters to Shanghai in 1932, into a building which became an icon for the bank and was displayed on its banknotes, built in 1929 at the corner of Huqiu and Beijing roads. That building, designed by , was renovated in the early 2010s by David Chipperfield Architects to become part of the Rockbund Art Museum complex. The NIBC provided funding for the KMT government in Shanghai's various projects around the city, and also issued bank notes. It was occasionally referred to as one of the "four small banks" (together with the Commercial Bank of China, Ningpo Commercial and Savings Bank also known as Siming Bank, and Sin Hua Bank), in contrast to the "four big banks" that were the Central Bank of China, Bank of China, Bank of Communications, and Farmers Bank of China. The NIBC merged ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Young Brothers Banking Corporation
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