Chiyu Banking Corporation
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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, ...
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Tan Kah Kee
Tan Kah Kee (; 21 October 1874 – 12 August 1961) was a Chinese businessman, investor, and philanthropist active in Singapore and the Chinese cities of Hong Kong, Shanghai, Xiamen, and Guangzhou. A prominent figure in the overseas Chinese community in Singapore and wider Southeast Asia during the 20th century, he was responsible for gathering much support from the community to aid China in major events such as the Xinhai Revolution (1911), the Kuomintang's Northern Expedition (1926–28), and the Second Sino-Japanese War (1937–45). Apart from donating most of his assets and earnings to aid China in those major events, Tan set up funds in Southeast Asia and Hong Kong and contributed to the establishment of several schools in Southeast Asia and China's Fujian Province, including Xiamen University. Life Tan Kah Kee was born in Xiamen, Fujian Province in 1874 during the Qing dynasty of China. In 1890, at the age of 16, he travelled to Singapore in the Straits Settlements to ...
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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 in South China. With 7.5 million residents of various nationalities in a territory, Hong Kong is one of the most densely populated places in the world. Hong Kong is also a major global financial centre and one of the most developed cities in the world. Hong Kong was established as a colony of the British Empire after the Qing Empire ceded Hong Kong Island from Xin'an County at the end of the First Opium War in 1841 then again in 1842.. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898... British Hong Kong was occupied by Imperial Japan from 1941 to 1945 during World War II; British administration resume ...
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Xiamen International Bank
Xiamen International Bank (XIB) () was established in August 1985 as the first joint venture bank in China with capital of RMB 410.069 billion. Xiamen International Bank has now grown into a bank with good reputation in the world that covers Hong Kong, Macao and Mainland China. Locations In Mainland China, XIB operates branches and multiple sub-branches in cities including Beijing, Shanghai, Fuzhou, Zhuhai, Xiamen, and a representative office in Quanzhou. After years of development, Xiamen International Bank has been listed as "World Top 1000 Banks" and "Asia Top 200 Banks" by The Banker magazine of the U.K. for many years. XIB is based in Xiamen, Fujian Province, which also operates subsidiaries including Xiamen International Investment Limited (XIIL) in Hong Kong and Luso International Banking Limited (LIB) which runs 11 branches in Macau. Shareholders * Industrial and Commercial Bank of China (18.75%) * Fujian Investment and Enterprise Holdings Corporation (12%) * Xiam ...
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Bank
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 a ...
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Fujianese People In Hong Kong
Hong Kong people of Fujianese origin. Also known as Hoklo (although this term in many contexts also encompasses Chiu Chow people). North Point has a prominent Fujianese community. During the Hong Kong protests there were rumors of armed gangs from the mainland coming to settle disputes with protesters. The Hoklo people are among the Indigenous inhabitants of the New Territories. It is thought that 800,000 people have their origin in Fujian. http://www.lcsd.gov.hk/CE/CulturalService/HKFA/en_US/web/hkfa/publications_souvenirs/pub/topicalvolumes_tc/topicalvolumes_tc_detail15.html People * Ruco Chan * Yoyo Chen * Choy So-yuk * Theresa Fu * Raymond Lam * Ma Lik * John Ng * Ng Man-tat * Raymond Or * Simon Peh * Andrew Tan * Wong Ker-lee * Philip Wong * Wong Po-yan See also * Fujianese organized crime * Fukien Secondary School * :zh:閩光書院 (Amoy College) * Chiyu Banking Corporation References Bibliography

* Gregory Elliott Guldin, "Overseas" at Home: The Fujianese of Ho ...
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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, Jimei, Tong'an, Haicang, and Xiang'an. All together, these cover an area of with a population of 5,163,970 as of 2020 and estimated at 5.28 million as of 31 December 2021. The urbanized area of the city has spread from its original island to include most parts of all six of its districts, and with 4 Zhangzhou districts ( Xiangcheng, Longwen, Longhai and Changtai), form a built-up area of 7,284,148 inhabitants. This area also connects with Quanzhou in the north, making up a metropolis of nearly ten million people. The Kinmen Islands (Quemoy) administered by the Republic of China (Taiwan) which lie less than away separated by Xiamen Bay. As part of the Opening Up Policy under Deng Xiaoping, Xiamen became one of China's original four special economic zo ...
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China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and borders fourteen countries by land, the most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third largest country by total land area. The country consists of 22 provinces, five autonomous regions, four municipalities, and two Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the most populous city and financial center is Shanghai. Modern Chinese trace their origins to a cradle of civilization in the fertile basin of the Yellow River in the North China Plain. The semi-legendary Xia dynasty in the 21st century BCE and the well-attested Shang and Zhou dynasties developed a bureaucratic political system to serve hereditary monarchies, or dyna ...
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Jimei University
Jimei University (JMU) (, Pinyin: , POJ: ), colloquially known as "Jídà" (), is a public university in Xiamen, Fujian, People's Republic of China.It offers doctorate degree programs. It is authorized to enroll postgraduate candidates exempt from admission exam and enrolls students from all over the country. History Founded by Tan Kah Kee Tan Kah Kee (; 21 October 1874 – 12 August 1961) was a Chinese businessman, investor, and philanthropist active in Singapore and the Chinese cities of Hong Kong, Shanghai, Xiamen, and Guangzhou. A prominent figure in the overseas Chinese c ... in 1918, Jimei University traces its origins back to Jimei Normal School. In 1994, Jimei University was the result of combining five institutes and colleges in the "Jimei Schools Village": Fujian Physical Education College, Jimei Finance and Economics Institute, Jimei Navigation Institute, Jimei Teachers College, and Xiamen Fisheries College. Faculties Jimei University has a total 2300 faculties ...
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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 Kong) is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits (2008 data), with more than 190 branches across Hong Kong as of the end of 2019. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar. BOCHK is legally separated from its parent, Bank of China (BOC), although they maintain close relations in management and administration and co-operate in several areas including reselling BOC's insurance and securities services. BOCHK is also the biggest member and a founder of the JETCO ATM and payment system, and the designated clearing bank in Hong Kong for transactions involving the Renminbi (RMB / CNH). BOCHK was ...
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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 ...
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Banks Established In 1947
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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Bank Of China
The Bank of China (BOC; ) is a Chinese majority state-owned commercial bank headquartered in Beijing and the fourth largest bank in the world. The Bank of China was founded in 1912 by the Republican government as China's central bank, replacing the Qing Dynasty's Ta-Ching Government Bank. It has been the second oldest bank in China still in existence after the Bank of Communications, founded in 1908. From its establishment until 1942, it issued banknotes on behalf of the Government along with the "Big Four" banks of the period: the Farmers Bank of China, Bank of Communications and Central Bank of the Republic of China. After the People's Republic was established in 1949, it has become a national commercial and foreign exchange professional bank. Its original central bank designation was carried on by the newly formed People's Bank of China. As of 31 December 2019, it was the second-largest lender in China overall and ninth-largest bank in the world by market capitalizatio ...
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