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Macau Chinese Bank
The Macau Chinese Bank Limited (; Portuguese: Banco Chinês de Macau, S.A.) is a bank in Macau, China. The bank was formerly known as Finibanco (Macau) (). It was acquired by Winwise Holdings Limited, the subsidiary of Hongkong Chinese Limited, in 2002 and renamed The Macau Chinese Bank, Limited. In 2007, Value Convergence Holdings, a subsidiary of Melco International Development, signed an agreement to acquire 60% stake of Macau Chinese Bank. However, in 2008, Value Convergence Holdings declared to give up the acquisition because Monetary Authority of Macao did not agree it before the agreement expiry date. In 2015 the Chinese state-owned Nam Yue Group acquired a 56% stake in the bank from Hongkong Chinese Limited in two tranches. Two other natural persons also acquired 24% stake of the bank. See others *Hongkong Chinese Bank - now merged to CITIC Ka Wah Bank China CITIC Bank International Limited (Chinese: 中信銀行(國際), CNCBI in short) is a full-service commercial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portuguese Language
Portuguese ( or, in full, ) is a western Romance language of the Indo-European language family, originating in the Iberian Peninsula of Europe. It is an official language of Portugal, Brazil, Cape Verde, Angola, Mozambique, Guinea-Bissau and São Tomé and Príncipe, while having co-official language status in East Timor, Equatorial Guinea, and Macau. A Portuguese-speaking person or nation is referred to as " Lusophone" (). As the result of expansion during colonial times, a cultural presence of Portuguese speakers is also found around the world. Portuguese is part of the Ibero-Romance group that evolved from several dialects of Vulgar Latin in the medieval Kingdom of Galicia and the County of Portugal, and has kept some Celtic phonology in its lexicon. With approximately 250 million native speakers and 24 million L2 (second language) speakers, Portuguese has approximately 274 million total speakers. It is usually listed as the sixth-most spoken language, the third-most sp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Macau
Macau or Macao (; ; ; ), officially the Macao Special Administrative Region of the People's Republic of China (MSAR), is a city and special administrative region of China in the western Pearl River Delta by the South China Sea. With a population of about 680,000 and an area of , it is the most densely populated region in the world. Formerly a Portuguese colony, the territory of Portuguese Macau was first leased to Portugal as a trading post by the Ming dynasty in 1557. Portugal paid an annual rent and administered the territory under Chinese sovereignty until 1887. Portugal later gained perpetual colonial rights in the Sino-Portuguese Treaty of Peking. The colony remained under Portuguese rule until 1999, when it was transferred to China. Macau is a special administrative region of China, which maintains separate governing and economic systems from those of mainland China under the principle of " one country, two systems".. The unique blend of Portuguese and Chinese arc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hongkong Chinese Limited
Hongkong Chinese Limited is a Bermuda-incorporated Hong Kong listed company. It was the holding company of Hongkong Chinese Bank, which was sold in 2002. The listed company now engaged in real estate development in China and had properties in Singapore. Hongkong Chinese Limited is an indirect subsidiary of Lippo Capital, which was owned by Indonesian entrepreneur Mochtar Riady and his family members. The chairman of Hongkong Chinese Limited, Stephen Riady, is the son of Mochtar. History The HKCB Bank Holding Company Limited was incorporated in 1992 (and registered as a foreign company in Hong Kong on 20 October 1992). In 2001, the subsidiary Hongkong Chinese Bank was sold to CITIC Ka Wah Bank for HK$4.2 billion. The holding company itself was renamed to Hongkong Chinese Limited on 8 February 2002. In the same year 85% shares of Macau Chinese Bank and 85% stake of ImPac Asset Management were acquired, for MOP$190 million (from and Alvaro Pinho da Costa Leite) and US$2. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Melco International Development
Melco International Development Limited, formerly The Macao Electric Lighting Company Limited, is a multinational investment holding company based in Central, Hong Kong."The Best Bet in Macau Is Casino Operator Melco" '''', Lesli P. Norton, May 5, 2008 Melco International invests in casino and hospitality business and other businesses in , , the |
Contract
A contract is a legally enforceable agreement between two or more parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of goods, services, money, or a promise to transfer any of those at a future date. In the event of a breach of contract, the injured party may seek judicial remedies such as damages or rescission. Contract law, the field of the law of obligations concerned with contracts, is based on the principle that agreements must be honoured. Contract law, like other areas of private law, varies between jurisdictions. The various systems of contract law can broadly be split between common law jurisdictions, civil law jurisdictions, and mixed law jurisdictions which combine elements of both common and civil law. Common law jurisdictions typically require contracts to include consideration in order to be valid, whereas civil and most mixed law jurisdictions solely require a meeting of the mind ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Authority Of Macao
The Monetary Authority of Macao (; pt, Autoridade Monetária de Macau, AMCM) is the currency board and the de facto central bank of Macau. The regulatory institution was established on December 20, 1999, upon the transfer of sovereignty over Macau from Portugal to the People's Republic of China as the Macau Special Administrative Region. History It was formerly known as the "Monetary and Foreign Exchange Authority of Macao" ( pt, Autoridade Monetaria e Cambial de Macau, AMCM), which was established on 1 July 1989. According to Decree-law No. 14/96/M of 11 March, the Monetary Authority of Macao carries the following major statutory duties: * To advise and assist the Chief Executive in formulating and applying monetary, financial, exchange rate and insurance policies; * To guide, co-ordinate and oversee the monetary, financial, foreign exchange and insurance markets, ensure their smooth operation and supervise the actions of those operating within them according to the ter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Expiry Date
An expiration date or expiry date is a previously determined date after which something should no longer be used, either by operation of law or by exceeding the anticipated shelf life for perishable goods. Expiration dates are applied to selected food products and to some other manufactured products like infant car seats where the age of the product may impact its safe use. The legal definition and usage of terms will vary between countries and products. Different terms may be used for products that tend to spoil and those that tend to be shelf-stable. The term ''Use by'' is often applied to products such as milk and meat that are more likely to spoil and can become dangerous to those eating them. Such products should not be consumed past the date shown. The term ''Best before'' is often applied to products that may deteriorate slightly in quality, but are unlikely to become dangerous as a result, such as dried foods. Such products can be eaten after their ''Best before'' date ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nam Yue Group
Nam, Nam, or The Nam are shortened terms for: * Vietnam, which is also spelled ''Viet Nam'' * The Vietnam War Nam, The Nam or NAM may also refer to: Arts and media * Nam, a fictional character in anime series ''Dragon Ball'' * ''NAM'' (video game), a 1998 PC game * '' The 'Nam'', a Vietnam War comic series by Marvel Organizations and movements * NAM Aidsmap, a UK organization and website formerly named the National AIDS Manual and now often simply aidsmap * National Academy of Medicine, of the US National Academies of Sciences * National-Anarchist Movement, a radical, racist, anti-capitalist, anti-Marxist, and anti-statist ideology * National Anti-crisis Management, a shadow government created in Belarus in October 2020 * National Arbitration and Mediation, a US dispute-resolution provider * National Army Museum, a national museum of the British Army in London, England * National Association of Manufacturers, an industrial trade association and advocacy group in the US ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hongkong Chinese Bank
The Hongkong Chinese Bank Limited (HKCB) (Traditional Chinese: 香港華人銀行有限公司) was a bank in Hong Kong. It was owned by HKCB Bank Holding Company Limited (), which in turn was majority owned by a joint venture company owned by listed companies Lippo China Resources and the China Resources Enterprise. The bank was acquired and merged into CITIC Ka Wah Bank. It was one of the pilot banks in Hong Kong to accept the digital signature of Hongkong Post. History *1954: Hongkong Chinese Bank was founded in Hong Kong. *1998: China Resources Enterprise acquired 50% shares of Lippo CRE (Financial Services) Limited.Lippo CRE (Financial Services) Limited is the parent company of HKCB Bank Holding Company Limited, which in turn the parent company of the bank. *January 2002: CITIC Ka Wah Bank acquired Hongkong Chinese Bank for HK$4.2 billion. *November 2002: CITIC Ka Wah Bank merged with Hongkong Chinese Bank. The banking business of CITIC Ka Wah Bank was transferred t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
