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Bank Of America (Asia)
China Construction Bank (Asia) Corporation Limited (Traditional Chinese: 中國建設銀行(亞洲)股份有限公司) is a licensed bank incorporated in Hong Kong. History The Bank has over 100 years of history in Hong Kong, when its predecessor, the Bank of Canton - the first Chinese-owned bank in the territory - was founded in February 1912. The Bank of Canton was acquired by the Security Pacific National Bank in 1988, and was renamed Security Pacific Asian Bank. The bank became part of Bank of America following a merger of the Security Pacific National Bank and Bank of America in 1992, and was renamed Bank of America (Asia) in 1993. In terms of net assets, Bank of America (Asia) is the most profitable and the largest subsidiary of Bank of America outside of the United States. An agreement was signed on 24 August 2006, that the bank was to be acquired by China Construction Bank (CCB) for HK$ 9.7 billion. The deal was approved by the end of 2006 by the Hong Kong and mainland Ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of America
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank was founded in San Francisco. It is the second-largest banking institution in the United States, after JPMorgan Chase, and the second largest bank in the world by market capitalization. Bank of America is one of the Big Four banking institutions of the United States. It serves approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking. One branch of its history stretches back to the U.S.-based Bank of Italy, founded by Amadeo Pietro Giannini in 1904, which provided various banking options to Italian immigrants who faced service discrimination. Originally headquartered ... [...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] |
List Of Banks In Hong Kong
Hong Kong maintains a ''three''-tier system of deposit-taking institutions, i.e. ''licensed'' banks, ''restricted licence'' banks and ''deposit-taking'' companies. They are collectively known as ''authorized institutions'' supervised by the Hong Kong Monetary Authority (HKMA). As one of the top five financial centres worldwide, Hong Kong has one of the highest concentrations of banking institutions in the world, with 70 of the largest 100 banks in the world having an operation in Hong Kong. As of 2019, there were 164 ''licensed'' banks, 17 ''restricted licence'' banks and 13 ''deposit-taking'' companies in business, constituting a total of 194 ''authorized institutions''. In addition, there are 42 ''local representative offices'' of foreign banks in Hong Kong. Licensed banks Only licensed banks may operate Transactional account, current and Savings account, savings accounts, accept deposits of any size and Maturity (finance), maturity from the public, and pay or collect cheques d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Construction Bank (Macau)
The China Construction Bank Corporation Macau Branch () is a bank in Macau, China. It was wholly owned by China Construction Bank (Asia) , a wholly owned subsidiary of China Construction Bank, and renamed from China Construction Bank (Macau) Corporation Limited ()) after its incorporation with China Construction Bank in June 2014. It now has 8 subbranches in Macau offering retail banking products and services, a Commercial Banking Division and a China Enterprise Division offering commercial banking products and services. It was originated from the Bank of Canton (Macau Branch) which was established in 1936. History *1912: Bank of Canton was established in Hong Kong. *1936: Bank of Canton (Macau Branch) was established in Macau. *1945: Bank of Canton was re-established after it was seriously disrupted during the Great Depression in 1930s and the World War II in 1940s. *1988: Bank of Canton was acquired by Security Pacific National Bank and renamed to "Security Pacific Asian Bank" ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of America (Macau)
The China Construction Bank Corporation Macau Branch () is a bank in Macau, China. It was wholly owned by China Construction Bank (Asia) , a wholly owned subsidiary of China Construction Bank, and renamed from China Construction Bank (Macau) Corporation Limited ()) after its incorporation with China Construction Bank in June 2014. It now has 8 subbranches in Macau offering retail banking products and services, a Commercial Banking Division and a China Enterprise Division offering commercial banking products and services. It was originated from the Bank of Canton (Macau Branch) which was established in 1936. History *1912: Bank of Canton was established in Hong Kong. *1936: Bank of Canton (Macau Branch) was established in Macau. *1945: Bank of Canton was re-established after it was seriously disrupted during the Great Depression in 1930s and the World War II in 1940s. *1988: Bank of Canton was acquired by Security Pacific National Bank and renamed to "Security Pacific Asian Bank" ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asia Commercial Bank
Asia Commercial Bank, often abbreviated to ACB, is the largest private bank in Vietnam by assets, headquartered at 442 Nguyễn Thị Minh Khai, Ward 5, District 3, Ho Chi Minh City. It was registered on 19 May 1993 and began operations in June 1993. The bank trades at the Ho Chi Minh Stock Exchange under the symbol ''ACB,'' where it listed on December 9, 2020 after previously trading at the Hanoi Stock Exchange. Main services *Raising capital (receiving deposits from customers) in VND, foreign currencies and gold. *Using capital (providing credit, investment, joint venture capital) in VND, foreign currency and gold. *Intermediary services (local/international public and quick money transfers, life insurance). *Trading foreign currency and gold. *Issuance and payment of credit and debit cards. Controversies According to PetroTimes, on August 22, 2012, Lý Xuân Hải - General Director of ACB - was ordered to be detained for 4 months by the Supreme People's Procuracy. Hải ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Dollar
The Hong Kong dollar (, currency symbol, sign: HK$; ISO 4217, code: HKD) is the official currency of the Hong Kong, Hong Kong Special Administrative Region. It is subdivided into 100 cent (currency), cents or 1000 Mill (currency), mils. The Hong Kong Monetary Authority is the central bank, monetary authority of Hong Kong and the Hong Kong dollar. Three commercial banks are licensed by the Hong Kong Monetary Authority to issue their own banknotes for general circulation in Hong Kong. These banks, The Hongkong and Shanghai Banking Corporation, HSBC, Bank of China (Hong Kong), Bank of China, and Standard Chartered Hong Kong, Standard Chartered, issue their own designs of banknotes in denominations of HK$20, HK$50, HK$100, HK$150, HK$500, and HK$1000, with all designs being similar to one another in the same denomination of banknote. However, the HK$10 banknote and all coins are issued by the Government of Hong Kong. As of April 2019, the Hong Kong dollar is the ninth Template:Mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Security Pacific Bank
Security Pacific National Bank (SPNB) was a large U.S. bank headquartered in Los Angeles, California. It was acquired by Bank of America in 1992. History On September 1, 1868, Hellman, Temple and Co. opened their first bank branch in Los Angeles. The banking firm was the predecessor of Farmers and Merchants Bank (1870), which was the predecessor of Security First National Bank. The bank earned a reputation for aggressive business practices and benefited from economic and population growth in the Western United States. By the mid-20th century it had an international presence, and was ranked the fifth-largest bank in the United States and third-largest in California in terms of deposits. In 1967, Security First National Bank bought Pacific National Bank of San Francisco and became Security Pacific National Bank. In 1971, SPNB Security Pacific National Bank (SPNB) bought 69% of Bank of Canton. In 1975, Security Pacific Bank constructed a 55-story tower in downtown Los Angele ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Connaught Road Central
Connacht ( ; ga, Connachta or ), is one of the provinces of Ireland, in the west of Ireland. Until the ninth century it consisted of several independent major Gaelic kingdoms (Uí Fiachrach, Uí Briúin, Uí Maine, Conmhaícne, and Delbhna). Between the reigns of Conchobar mac Taidg Mór (died 882) and his descendant, Aedh mac Ruaidri Ó Conchobair (reigned 1228–33), it became a kingdom under the rule of the Uí Briúin Aí dynasty, whose ruling sept adopted the surname Ua Conchobair. At its greatest extent, it incorporated the often independent Kingdom of Breifne, as well as vassalage from the lordships of western Mide and west Leinster. Two of its greatest kings, Tairrdelbach Ua Conchobair (1088–1156) and his son Ruaidri Ua Conchobair (c. 1115–1198) greatly expanded the kingdom's dominance, so much so that both became High King of Ireland. The Kingdom of Connacht collapsed in the 1230s because of civil war within the royal dynasty, which enabled widespread Hibern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chinese People
The Chinese people or simply Chinese, are people or ethnic groups identified with China, usually through ethnicity, nationality, citizenship, or other affiliation. Chinese people are known as Zhongguoren () or as Huaren () by speakers of standard Chinese, including those living in Greater China as well as overseas Chinese. Although both terms both refer to Chinese people, their usage depends on the person and context. The former term is commonly used to refer to the citizens of the People's Republic of China - especially mainland China. The term Huaren is used to refer to ethnic Chinese, and is more often used for those who reside overseas or are non-citizens of China. The Han Chinese are the largest ethnic group in China, comprising approximately 92% of its Mainland population.CIA Factbook "Han Chinese 91.6%" out of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Canton
Bank of Canton () was established in 1912 in Canton but registered as a British company in Hong Kong. This made it the first Chinese-owned bank in Hong Kong. At the time, all the other banks in Hong Kong were foreign, primarily British, including the locally incorporated but British-run Hongkong and Shanghai Banking Corporation. Security Pacific National Bank (SPNB) bought a majority share in Bank of Canton in 1971. In 1988, Security Pacific succeeded in wholly acquiring Bank of Canton, which became Security Pacific Asia Bank. When Bank of America acquired Security Pacific Corporation in 1993 it changed Security Pacific Asia Bank's name to Bank of America (Asia). China Construction Bank acquired Bank of America (Asia) in 2006. History In 1912 Several Chinese residents of the US, including members of the Fok (Huo) family (P.T. Huo), founded the Bank of Canton (BoC), which became the first wholly Chinese-owned bank in China. BoC opened branches in Shanghai (1917). After the end of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
