JETCO
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Jetco
JETCO (), officially Joint Electronic Teller Services Limited () is a network of automatic teller machines in Hong Kong and Macau. History JETCO was founded by the Hong Kong Branch of the Bank of China (now Bank of China (Hong Kong)) in 1982 along with the Bank of East Asia, Chekiang First Bank, Shanghai Commercial Bank and Wing Lung Bank, and at present covers all banks in Hong Kong and Macau, except for The Hongkong and Shanghai Banking Corporation, HSBC and Hang Seng Bank, which uses a separate system known as Electronic Teller Card, ETC (:zh:易通財, 易通財). JETCO connects with the China UnionPay, UnionPay network in Mainland China: JETCO cardholders can withdraw Renminbi, RMB cash at UnionPay machines in a number of major cities in Mainland China, while UnionPay cardholders can withdraw Hong Kong dollar, HK$ cash (no more than HK$5,000 per day) at JETCO machines in Hong Kong. However, after 1 January 2006, JETCO cardholders can no longer withdraw cash at UnionPay ATMs i ...
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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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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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Bank Of Communications
Bank of Communications Limited (BoComm) (; often abbreviated as ), is the fifth-largest bank in mainland China. Established in 1908, the Bank of Communications claims a long history in China and is one of the banks to have issued banknotes in modern Chinese history. It was listed on the Stock Exchange of Hong Kong in June 2005 and the Shanghai Stock Exchange in May 2007. The Bank was ranked No.151 among Fortune Global 500 in terms of operating income by the Fortune and No.11 among the global top 1,000 banks in terms of Tier 1 Capital rated by the London-based magazine The Banker. History Before 1949 In 1907, Liang Shiyi proposed the formation of a Bank of Communications to redeem the Beijing–Hankou Railway from its Belgium, Belgian owners and place the railway under Chinese control. The Bank of Communications was duly formed in 1908 and provided more than half of the financing needed to buy the railway. The successful redemption enhanced the prestige of Liang's Communi ...
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Public Bank (Hong Kong)
Public Bank (Hong Kong) Limited ( Chinese: 大眾銀行(香港)有限公司) is a licensed bank in Hong Kong. Originally named Asia Commercial Bank Limited and owned by Asia Financial Holdings Limited (SEHK: 662, it was acquired by Public Financial Holdings Limited (SEHK: 626, a Public Bank Berhad subsidiary, formerly known as JCG Financial Holdings Limited, completed on 30 May, 2006. It was subsequently renamed on 30 June, 2006. It was established in Hong Kong in the 1930s. It has 32 branches in Hong Kong, 1 branch and 4 sub-branches in Shenzhen and a representative office each in Shanghai and Shenyang in the PRC. Board Executive Committee * Tan Sri Dato’ Sri Dr. Teh Hong Piow (鄭鴻標) (Chairman) (Demise) * Tan Sri Dato’ Sri Tay Ah Lek * Dato’ Chang Kat Kiam * Mr. Tan Yoke Kong * Mr. Chong Yam Kiang See also * List of banks in Hong Kong Hong Kong maintains a ''three''-tier system of deposit-taking institutions, i.e. ''licensed'' banks, ''restricted licence'' ban ...
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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 ...
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Industrial And Commercial Bank Of China (Asia)
The Industrial and Commercial Bank of China (Asia), or more commonly known as ICBC (Asia) (Traditional Chinese: 中國工商銀行(亞洲), 工銀亞洲) is a licensed bank incorporated in Hong Kong. It is a subsidiary of the Industrial and Commercial Bank of China. History ICBC acquired Union Bank of Hong Kong (友聯銀行), founded in Hong Kong in 1964, and traded on the Hong Kong Stock Exchange since 1973, on August 21, 2000; ICBC then renamed its acquisition ICBC (Asia) in July 2001. On April 30, 2004, ICBC (Asia) acquired the retail banking business (but not the wholesale banking business) of Fortis Bank Asia HK from Fortis. Fortis Bank Asia became a wholly owned subsidiary of ICBC (Asia) and reverted to its earlier name, Belgian Bank. On October 10, 2005, all Belgian Bank's branches were rebranded as ICBC (Asia). This merger has resulted in ICBC (Asia) rising to the position of being the sixth largest bank on the Hong Kong Stock Exchange, from its former position of tenth. ...
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Fubon Bank (Hong Kong)
Fubon Bank (Hong Kong) Limited ("Fubon Bank") is a Hong Kong based bank that is a wholly owned subsidiary of Fubon Financial Holding Co. ("Fubon Financial Holdings"), one of the largest financial holding companies in Taiwan. Fubon Bank (Hong Kong) operates 17 branches, 3 SME Banking Services Centers and 1 Securities Services Centre in Hong Kong, providing a wide range of financial services encompassing consumer and wholesale banking, wealth management, financial markets, securities brokerage and investment services. Fubon Bank holds an A-2 short-term, BBB+ long-term rating from Standard & Poor’s. The rating reflects Fubon Bank’s strong capitalization, good liquidity and sound asset quality. History Sun Hung Kai Bank (Traditional Chinese: 新鴻基銀行), originally established as ''Sun Hung Kai Finance Company'' (the financing arm of Sun Hung Kai Securities). The original Sun Hung Kai Bank shareholders included Banque Paribas, Merrill Lynch, and the family of Fung ...
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DBS Bank (Hong Kong)
DBS Bank (Hong Kong) Limited () is a licensed bank incorporated in Hong Kong. It is a subsidiary of DBS Bank headquartered in Singapore and it is also the seventh-largest bank in Hong Kong by total assets. History In 1999, DBS Bank acquired Kwong On Bank and formed the DBS Kwong On Bank Limited. In 2001, DBS Bank acquired Dao Heng Bank, including its subsidiary, Overseas Trust Bank, from Guoco Group. In 2003, DBS Bank merged the three banks, DBS Kwong On Bank Limited, Dao Heng Bank and Overseas Trust Bank, to form DBS Bank (Hong Kong). Mei Foo Branch Incident On October 5, 2004, DBS Bank (Hong Kong) Limited announced that, during the renovation of its branch in Mei Foo Sun Chuen, in Kowloon, when the bank attempted to remove more than 900 empty safety boxes from the branch, 83 safety boxes rented by customers and containing valuables were accidentally removed. The 83 boxes were subsequently sent to a scrapyard and crushed. The bank reported that 36 boxes were recovered, although ...
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Dah Sing Bank
Dah Sing Banking Group Limited (DSBG) is a Hong Kong-based banking and financial company, headquartered in Wan Chai. It has been listed on the Hong Kong Stock Exchange since 2004. It has three main banking subsidiaries (Dah Sing Bank, Banco Comercial de Macau and Dah Sing Bank (China) Limited) providing relevant services through a branch network of around 70 branches over Hong Kong, Macau and Mainland China, and a securities trading company. The group was established on 1 May 1947. Mr. David Shou-Yeh Wong was appointed as the chairman whilst Mr. Harold Tsu-Hing Wong (王祖興), the son of Mr. David Wong, joined as the group managing director and chief executive of DSBG. History 1947: Establishment of Dah Sing Bank, Limited (DSB). 1987: DSB acquired Hong Kong Industrial and Commercial Bank Limited; Public listing of Dah Sing Financial Holdings Limited(DSFH) 1990: Establishment of Dah Sing Life Assurance Co. Limited. 1993: DSFH acquired Wing On Bank Limited. 1994: Dah ...
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CITIC Ka Wah Bank
China CITIC Bank International Limited (Chinese: 中信銀行(國際), CNCBI in short) is a full-service commercial bank in Hong Kong. China CITIC Bank Corporation Limited, via its wholly-owned subsidiary CITIC International Financial Holdings Limited, is CNCBI’s controlling shareholder with a 75% stake.  The CITIC Group Corporation of Beijing is CNCBI’s ultimate parent company. In 2018, CNCBI launched its mobile banking platform inMotion. CNCBI has 27 branches and two business banking centres in Hong Kong, as well as international locations. As of 30 June 2020, CNCBI’s total assets stands at HK$365.85 billion. References {{CITIC Banks established in 1998 Banks of Hong Kong CITIC Group Companies formerly listed on the Hong Kong Stock Exchange ...
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Citibank (Hong Kong)
Citibank (Hong Kong) Limited (Chinese: 花旗銀行, formerly 萬國寶通銀行) is a Citigroup subsidiary, which is a licensed bank incorporated in Hong Kong. History Citibank began operations in Hong Kong in 1902, thus becoming the first foreign bank to offer its services there. The bank is based at Three Garden Road in Central, formerly known as Citibank Plaza. Company profile Citibank Hong Kong has a network of 48 branches spread over Hong Kong Island, Kowloon, New Territories and Macau. Citibank’s parent company, Citigroup, has three main divisions in Hong Kong: Citi Markets & Banking, Global Consumer Group and Global Wealth management. The Global Consumer Group operates under the Citibank brand and its financial products and services are offered through 25 branches, one of which is in Macau. Additionally, Citibank Hong Kong provides investment options in the form of bonds, mutual funds, insurance products, foreign currency trading and stock trading. Through Ci ...
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Chong Hing Bank
Chong Hing Bank is a bank founded in Hong Kong in 1948. It is headquartered in Central, while the back offices are located in Western District and Mong Kok. It was owned by the Liu family of Hong Kong until it was acquired by the Chinese state-owned Yue Xiu Group in 2014. History The bank was founded as Liu Chong Hing Bank in Hong Kong in 1948 by Liu Po-shan (廖寶珊), who migrated to Hong Kong from Chiuchow shortly before the Japanese occupation of the territory began in 1942. He entered the property business and subsequently banking in 1948, working from an office on Wing Lok Street in Western. In 1955 the company became a savings bank with branches. It suffered a bank run for several days from 14 June 1961, which managing director Liu Po-sang blamed on "malicious rumours by rivals". The rumours said that the bank was under police investigation. The panic partially subsided by 17 June 1961 after the Hong Kong Police affirmed that there was no such investigation and after ...
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