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Chinese Commercial Bank
The Chinese Commercial Bank was a Malayan bank established in Singapore in 1912. It was also the first Hokkien bank in Singapore. In 1932, the bank was merged with Ho Hong Bank and Oversea-Chinese Bank to form the Oversea-Chinese Banking Corporation. History Founding The Chinese Commercial Bank was established 1912 by Lim Peng Siang and several merchants, including Lee Choon Guan and Lim Boon Keng. On 17 August 1912, a largely attended meeting of Hokkiens, shareholders of the then proposed Chinese Commercial Bank Ltd., was held at the Chinese Chamber of Commerce in Hill Street, presided over by Lee Choon Guan. The assembled elected its first directors: The meeting decided to register the company with a nominal (authorised) capital of $4 million. At that time the issued capital of $2 million had been over-subscribed. The temporary premises of the bank was at No. 61 Kling Street and Seow Poh Leng Seow Poh Leng (1883 - 1942) one of the first few Peranakan Babas at Em ...
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British Malaya
The term "British Malaya" (; ms, Tanah Melayu British) loosely describes a set of states on the Malay Peninsula and the island of Singapore that were brought under British hegemony or control between the late 18th and the mid-20th century. Unlike the term "British India", which excludes the Indian princely states, British Malaya is often used to refer to the Federated and Unfederated Malay States, which were British protectorates with their own local rulers, as well as the Straits Settlements, which were under the sovereignty and direct rule of the British Crown, after a period of control by the East India Company. Before the formation of the Malayan Union in 1946, the territories were not placed under a single unified administration, with the exception of the immediate post-war period when a British military officer became the temporary administrator of Malaya. Instead, British Malaya comprised the Straits Settlements, the Federated Malay States, and the Unfederated Ma ...
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Asian Culture (journal)
''Asian Culture'' (''Yazhou Wenhua'', 亞洲文化) is an international refereed bilingual academic journal published by the Singapore Society of Asian Studies. ''Asian Culture'' was inaugurated in February 1983 and has published a total of 44 issues by 2020. It is an international refereed journal that publishes quality research papers in all aspects of Asia within the disciplines of anthropology, art history, history, literature, music, politics, and religious studies. It is a well-regarded journal in the field of Southeast Asian studies. The current editors are Leo Suryadinata Leo Suryadinata (born Liauw Kian-Djoe r Liao Jianyu; 廖建裕in Jakarta, 21 February 1941), is a Singaporean sinologist. Early life Suryadinata was born Liauw Kian-Djoe (also written Liao Jianyu) in Batavia, Netherlands Indies (today Jakarta, ..., Neo Peng Fu, and Jack Meng-Tat Chia. References ''Asian Culture'' 《亞洲文化》 Annual journals Asian studies journals Cultural journals Ac ...
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Ho Hong Bank
The Ho Hong Bank (1917–1932) was a Malayan bank, established to provide banking services that, until 1912, were solely delivered by European banks. The bank was founded in 1917 and in 1932 merged with two other banks in Singapore to form the Oversea-Chinese Banking Corporation. Formation and Early History of the Ho Hong Bank *On 15 1917, Lim Peng Siang registered the Ho Hong Bank.The Straits Times, 19 March 1918, Page 7 Advertisements in March 1917 informed the public of the establishment of the new bank, with its head office at Raffles Chambers 5 & 6 and branches at 155 First Cross Street in Malacca and 77/79 Jalan Suleiman in Muar. The bank was established with an authorised capital of $8 million and an issued capital of $4 million - $3.5 million (£40,406,976) was subscribed, half of which was paid up. This $3.5 million would grow to $4 million by 1920and over $6 by 1931. The board of directors of the new bank comprised Lim Peng Siang as Chairman, Lim Boon Keng, Lee Choon Gu ...
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OCBC Bank
Oversea-Chinese Banking Corporation, Limited (), often known as OCBC Bank (), is a Singaporean multinational banking and financial services corporation headquartered in OCBC Centre, Singapore. OCBC Bank was born out of the Great Depression through the consolidation of three banks in 1932 — the Chinese Commercial Bank Limited (incorporated in 1912), the Ho Hong Bank Limited (incorporated in 1917) and the Oversea-Chinese Bank Limited (incorporated in 1919). OCBC Bank has assets of more than S$521.3 billion, making it the second largest bank in Southeast Asia by assets and among the larger banks in Asia-Pacific. It is also one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- rating from Standard & Poor's. OCBC Bank is consistently ranked amongst the top five "safest banks in the world" by the magazine '' Global Finance''. The Asian Banker named OCBC Bank Singapore's strongest bank for 2018-2019, and the 5th strongest in Asia-Pacific. The ban ...
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Lim Peng Siang
Lim Peng Siang (; also known as Lin Bengxian; 1872–1944)The Kuomintang Movement in British Malaya, 1912–1949 By Ching Fatt Yong, R. B.; p. 5, 258, 282 was a businessperson in Singapore and Malaya. Together with his brother Lim Peng Mau ( Lin Bingmao), he founded the Ho Hong Group of companies in 1904, which had interests in banking, shipping, parboiled rice, oil mills, cement, coconut and other businesses.The Economic Growth of Singapore By W. G. Huff; p. 147, 225, 459 He was a President of the Singapore Chinese Chamber of Commerce and a member of the Chinese Advisory Board. Peng Siang Quay in Singapore is named after him. Early life and education Lim was the son of Lim Ho Puah. His mother was the only daughter of Wee Bin, the founder of Wee Bin & Co. He was born in Amoy, Fujian, China in 1872.Singapore By Gretchen Liu; p. 174 After receiving his education in Chinese, he travelled to Singapore when he was still very young. Like his father, Lim was naturalised as a British ...
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Lee Choon Guan
Lee may refer to: Name Given name * Lee (given name), a given name in English Surname * Chinese surnames romanized as Li or Lee: ** Li (surname 李) or Lee (Hanzi ), a common Chinese surname ** Li (surname 利) or Lee (Hanzi ), a Chinese surname *Lý (Vietnamese surname) or Lí (李), a common Vietnamese surname * Lee (Korean surname) or Rhee or Yi (Hanja , Hangul or ), a common Korean surname * Lee (English surname), a common English surname * List of people with surname Lee **List of people with surname Li ** List of people with the Korean family name Lee Geography United Kingdom * Lee, Devon * Lee, Hampshire * Lee, London * Lee, Mull, a location in Argyll and Bute * Lee, Northumberland, a location * Lee, Shropshire, a location * Lee-on-the-Solent Lee-on-the-Solent, often referred to as Lee-on-Solent, is a seaside district of the Borough of Gosport in Hampshire, England, about five miles (8 km) west of Portsmouth. The area is located on the coast of the Sol ...
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Lim Boon Keng
Lim Boon Keng (; 18 October 1869 – 1 January 1957) was a Peranakan physician who advocated social and educational reforms in Singapore in the early 20th-century. He also served as the president of Xiamen University in China between 1921 and 1937. Beginning Life Lim was born on 18 October 1869 in Singapore, Straits Settlements as the third generation of a Peranakan with ancestry from Haicheng Town, Longhai City, Fujian Province based from his grandfather Lim Mah Peng who first emigrated to Penang, Malaya in 1839, where he married a Straits-born Chinese woman. Lim Mah Peng would later move to Singapore where his only son, Lim Thean Geow (), the father of Lim Boon Keng, was born. Lim studied at Raffles Institution. However, the death of his parents during his childhood inspired him to pursue a career in medicine. In 1887, Lim became the first Singaporean to receive a Queen's Scholarship. He gained admission to the University of Edinburgh and graduated in 1892 with a first-cl ...
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Seow Poh Leng
Seow Poh Leng (1883 - 1942) one of the first few Peranakan Babas at Emerald Hill,Historic buildings of Singapore by Edwin Lee, Singapore. Preservation of Monuments Board, 1990, , was a prominent and successful Singaporean banker, founding member of the Ho Hong Bank, member of the committee of the Straits Settlement (Settlement of Singapore), philanthropist and benefactor of public development works. He was a strong advocate of limited liability trading and promoted the advantages of the Limited Liability Company system. Background Seow Poh Leng, the second son of Seow Chye Watt,Song Ong Siang (1923) ''One Hundred Years' History of the Chinese in Singapore''.London : J. Murray. pp 474 - 475 came from humble beginnings. He spent two years in a Chinese school and completed his schooling at the Anglo-Chinese School. After passing his Senior Cambridge examinations, he decided to become a teacher. He competed for the Queen's Scholarships in 1902. He failed to win the much-cove ...
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Arthur Young (colonial Administrator)
Captain Sir Arthur Henderson Young (31 October 1854 – 20 October 1938) was a British colonial administrator. Family He was the son of Colonel Keith Young. On 5 November 1885, he married Lady Evelyn Anne Kennedy, a daughter of Archibald Kennedy, 2nd Marquess of Ailsa, and Julia Jephson. Education Young was educated at Edinburgh Academy and the Royal Military College, Sandhurst. Career Young joined the 27th Inniskillings as a sub-lieutenant, and entered the Colonial Service in 1878. He was first appointed to command a Military Police unit in Cyprus. The next 27 years he spent in the colony, holding successively the positions of Assistant Commissioner at Paphos, later Commissioner at Paphos, Commissioner at Famagusta, then Director of Survey and Forest Officer and Chief Secretary to the Government of Cyprus. In 1883 he contested the first elections to the new Legislative Council, but finished last in the Larnaca–Famagusta constituency with only 43 votes of the 6,899 cast. ...
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1912 Establishments In British Malaya
Year 191 ( CXCI) was a common year starting on Friday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Apronianus and Bradua (or, less frequently, year 944 ''Ab urbe condita''). The denomination 191 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Parthia * King Vologases IV of Parthia dies after a 44-year reign, and is succeeded by his son Vologases V. China * A coalition of Chinese warlords from the east of Hangu Pass launches a punitive campaign against the warlord Dong Zhuo, who seized control of the central government in 189, and held the figurehead Emperor Xian hostage. After suffering some defeats against the coalition forces, Dong Zhuo forcefully relocates the imperial capital from Luoyang to Chang'an. Before leaving, Dong Zhuo orders his troops to loot the tombs of the Ha ...
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1932 Disestablishments In British Malaya
Year 193 ( CXCIII) was a common year starting on Monday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Sosius and Ericius (or, less frequently, year 946 ''Ab urbe condita''). The denomination 193 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * January 1 – Year of the Five Emperors: The Roman Senate chooses Publius Helvius Pertinax, against his will, to succeed the late Commodus as Emperor. Pertinax is forced to reorganize the handling of finances, which were wrecked under Commodus, to reestablish discipline in the Roman army, and to suspend the food programs established by Trajan, provoking the ire of the Praetorian Guard. * March 28 – Pertinax is assassinated by members of the Praetorian Guard, who storm the imperial palace. The Empire is auctioned off ...
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Banks Established In 1912
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 anc ...
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