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MEVAS Bank
MEVAS Bank () was a bank based in Hong Kong. It was established in April 2001 with a total investment of ¥300 million (US$). Within the first two weeks of its opening, over a thousand people signed up for their banking services. The bank marketed itself as being Hong Kong's first virtual bank and publicised that customers could use it to do 24-hour online banking. MEVAS Bank's targeted clientele was young professionals. In 2002, after Hong Kong's legalisation of football gambling, MEVAS Bank partnered with the English football club Arsenal F.C. to create a credit card, Arsenal's first credit card not issue in the UK. Between June 2002 and January 2003, the company had a loss of ¥$16.6million (US$) at the beginning of 2003 had 80employees. In May 2003, the bank increased its fee for bank accounts with low balances, which affected 20% of its customer base, or 20,000 people in total. According to Chen Zhiming, a CLSA analyst, although MEVAS Bank's low balance account fee would have l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dah Sing Financial Holdings Limited are 'D.A.H.'
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Dah or DAH may refer to: *Morse code symbol *Dah, Ivory Coast, a village in Montagnes District *Dah, Ladakh, a village in Jammu and Kashmir, India *Dah, Mali, a town in Ségou Region *Dah (band), former Yugoslav/Belgian band * Air Algérie (ICAO code: DAH), Algerian airline * Gwahatike language, a PNG Finisterre language, ISO 639 code dah * Dominica Award of Honour, an award of the Commonwealth of Dominica - postnominal letters Post-nominal letters, also called post-nominal initials, post-nominal titles, designatory letters or simply post-nominals, are letters placed after a person's name to indicate that the individual holds a position, academic degree, accreditation, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wing On Bank
The Wing On Bank (Chinese:永安銀行) was a bank in Hong Kong. It was majority owned by Wing On Holdings, a listed vehicle 68.8% controlled by the Kwok family, including Kwok Lam-po. History The bank was founded by the Kwok family, led by Kwok Lok (郭樂) (aka Guo Luo) and Kwok Chuen (郭泉) (aka Guo Chuan) in 1931, growing out of an insurance operation on the back of the successful Wing On department store. Collapse The bank collapsed in 1986 when its auditors had qualified the 1985 accounts on fundamental uncertainty, and its shareholders voted against a special resolution on capital injection of HK$154 million. The Hang Seng Bank stepped in and bailed out the lender with a cash injection of HK$150 million in December 1985. K. C. ChingBank buyer found – but not named ''The Standard'', 30 April 1987 Hang Seng assumed management control of the failed bank in June 1986, injected a total of HK$330 million,Financial Editor'Closed' signs at three Wing On branch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 2001
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) is Hong Kong's central bank, central banking institution. It is a government authority founded on 1 April 1993 when the Office of the Exchange Fund and the Office of the Commissioner of Banking merged. The organisation reports directly to the Financial Secretary (Hong Kong), Financial Secretary. Responsibilities The exchange fund was established and managed originally by the Currency Ordinance in 1935, now named the Exchange Fund Ordinance. Under the Ordinance, the HKMA's primary objective is to ensure the stability of the Hong Kong currency, and the banking system. It is also responsible for promoting the efficiency, integrity and development of the financial system.Noel FungGovernment power over Exchange Fund's stability role under review, The Standard (Hong Kong), The Standard, 18 November 1997 The HKMA issues Banknotes of the Hong Kong dollar, banknotes only in the denomination of ten Hong Kong dollars. The role of issuing other bankn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tuen Mun
Tuen Mun or Castle Peak is an area near the mouth of Tuen Mun River and Castle Peak Bay in the New Territories, Hong Kong. It was one of the earliest settlements in what is now Hong Kong and can be dated to the Neolithic period. In the more recent past, it was home to many Tanka fishermen who gathered at Castle Peak Bay. Tuen Mun is now a modern, mainly residential area in the north-west New Territories. As of 2011, 487,546 live in Tuen Mun and over 95% of them are Chinese. History During the Tang dynasty (618907), a navy town, Tuen Mun Tsan () was established in Nantou, which lies across Deep Bay. Tuen Mun and the rest of Hong Kong were under its protection. A major clan, To (), brought the name Tuen Mun to the area. They migrated from Jiangxi on the Chinese mainland and established a village Tuen Mun Tsuen ()Antiquities and Monuments OfficeTuen Tsz Wai - History/ref> late in the Yuan dynasty (1272–1368). As more and more villages were established, the village was re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mong Kok
Mong Kok (also spelled Mongkok, often abbreviated as MK) is an area in Kowloon, Hong Kong. The Prince Edward subarea occupies the northern part of Mong Kok. Mong Kok is one of the major shopping areas in Hong Kong. The area is characterised by a mixture of old and new multi-story buildings, with shops and restaurants at street level, and commercial or residential units above. Major industries in Mong Kok are retail, restaurants (including fast food) and entertainment. It has been described and portrayed in films as an area in which triads run bars, nightclubs, and massage parlours. With its extremely high population density of , Mong Kok was described as the busiest district in the world by the ''Guinness World Records''. Name Until 1930, the area was called Mong Kok Tsui (芒角嘴). The current English name is a transliteration of its older Chinese name 望角 (; ), or 芒角 (; ), which is named for its plentiful supply of ferns in the past when it was a coastal region. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wan Chai
Wan Chai is situated at the western part of the Wan Chai District on the northern shore of Hong Kong Island, in Hong Kong. Its other boundaries are Canal Road, Hong Kong, Canal Road to the east, Arsenal Street to the west and Bowen Road to the south. The area north of Gloucester Road, Hong Kong, Gloucester Road is often referred to as Wan Chai North. Wan Chai is one of the busiest commercial areas in Hong Kong with offices of many small and medium-sized companies. Wan Chai North features office towers, parks, hotels and an international conference and exhibition centre. As one of the first areas developed in Hong Kong, the locale is densely populated yet with noticeable residential zones facing urban decay. Arousing considerable public concern, the government has undertaken several urban renewal projects in recent years. There are various landmarks and List of tallest buildings in Hong Kong, skyscrapers within the area, most notably the Hong Kong Convention and Exhibition Cent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Queen's Road Central
Queen's Road is a collection of roads along the northern coast of Hong Kong Island, in Hong Kong, within the limit of Victoria, Hong Kong, Victoria City. It was the first road in Hong Kong, constructed History of Hong Kong (1800s–1930s), by the British between 1841 and 1843, spanning across Victoria City from Shek Tong Tsui to Wan Chai. At various points along the route, Queen's Road marks the original shoreline before Land reclamation in Hong Kong, land reclamation projects permanently extended land into Victoria Harbour. The four sections of the roads are, from west to east: Queen's Road West (Chinese language, Chinese: 皇后大道西), Queen's Road Central (皇后大道中), Queensway (Hong Kong), Queensway (金鐘道), and Queen's Road East (皇后大道東). History The road was originally 4 miles (6.5 km) long. The Royal Engineers built the first section to Sai Ying Pun with the help of 300 coolies from Kowloon (Hong Kong), then a territory of China. This section ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central, Hong Kong
Central (also Central District) is the central business district of Hong Kong. It is located in Central and Western District, on the north shore of Hong Kong Island, across Victoria Harbour from Tsim Sha Tsui, the southernmost point of Kowloon Peninsula. The area was the heart of Victoria City, although that name As the central business district of Hong Kong, it is the area where many multinational financial services corporations have their headquarters. Consulates general and consulates of many countries are also located in this area, as is Government Hill, the site of the government headquarters. The area, with its proximity to Victoria Harbour, has served as the centre of trade and financial activities from the earliest days of the British colonial era in 1841, and continues to flourish and serve as the place of administration after the handover to China in 1997. Naming The area of Chung Wan (aka Choong Wan in the past; ), named Central in English, was one of the dis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ming Pao
''Ming Pao'' () is a Chinese-language newspaper published by Media Chinese International in Hong Kong. In the 1990s, ''Ming Pao'' established four overseas branches in North America; each provides independent reporting on local news and collects local advertisements. Currently, of the overseas editions, only the two Canadian editions remain: ''Ming Pao Toronto'' and ''Ming Pao Vancouver''. In a 2019 survey from the Chinese University of Hong Kong sampling 1079 local households, ''Ming Pao'' was listed as the second most credible paid newspaper in Hong Kong. History Launch, early days ''Ming Pao'' was first published on 20 May 1959, and was founded by the famous Chinese Wuxia novelist Louis Cha, known better by his pseudonym Jin Yong (金庸), and his friend, Shen Pao Sing (沈寶新). Daisy Li Yuet-Wah won an International Press Freedom Award from the Committee to Protect Journalists for her work with the paper in 1994. Before British Hong Kong's handover to the Peop ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Economic Journal
The ''Hong Kong Economic Journal'' (HKEJ). is a Chinese-language daily newspaper published in Hong Kong by the Shun Po Co., Ltd.. Available in both Hong Kong and Macau, the newspaper mainly focuses on economic news and other related, usually political issues. The newsjournal is also available to some air passengers – those travelling to the United States, Canada, and Europe. It is authorised by the Hong Kong government to publish announcements related to some law issues. History The ''Hong Kong Economic Journal'' was founded by (), commonly known by his pen name Lam Hang-chi (), who first worked as a data collector for ''Ming Pao'' during the 1960s and later as an assistant editor for the evening version of ''Ming Pao''—and Law Chi-Ping () – who withdrew his shares later. Together they saw the possibility of developing an economic journal for the Hong Kong public in the early 1970s (although some sources have suggested that it was Lok Yau-Mui (), his wife, and not La ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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