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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] |
Wing On Holdings
A wing is a type of fin that produces lift while moving through air or some other fluid. Accordingly, wings have streamlined cross-sections that are subject to aerodynamic forces and act as airfoils. A wing's aerodynamic efficiency is expressed as its lift-to-drag ratio. The lift a wing generates at a given speed and angle of attack can be one to two orders of magnitude greater than the total drag on the wing. A high lift-to-drag ratio requires a significantly smaller thrust to propel the wings through the air at sufficient lift. Lifting structures used in water include various foils, such as hydrofoils. Hydrodynamics is the governing science, rather than aerodynamics. Applications of underwater foils occur in hydroplanes, sailboats and submarines. Etymology and usage For many centuries, the word "wing", from the Old Norse ''vængr'', referred mainly to the foremost limbs of birds (in addition to the architectural aisle). But in recent centuries the word's meaning has exten ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kwok Lam-po
"Guo", written in Chinese: 郭, is one of the most common Chinese surnames and means "the wall that surrounds a city" in Chinese. It can also be transliterated into English as Cok, Gou, Quo, Quach, Quek, Que, Keh, Kuo, Kwo, Kuoch, Kok, Koc, Kwee, Kwek, Kwik, Kwok, Kuok, Kuek, Gock, Koay, or Ker. The Korean equivalent is spelled Kwak; the Vietnamese equivalent is Quach. The different ways of spelling this surname indicate the origin of the family. For example, the Cantonese "Kwok" originated in Hong Kong and the surrounding area. It is the 18th most common family name in China and can be traced as far back as the Xia Dynasty. There are eight legendary origins of the Guo surname, which include a Persian (Hui) origin, a Korean origin, and a Mongolian origin, as a result of sinicization. However, the majority of people bearing the surname Guo are descended from the Han Chinese. In 2019, Guo was the 16th common surname in Mainland China. Origins Royal Ancestors Legend has it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wing On
Wing On () is a department store company in Hong Kong. The company is owned by a Hong Kong listed company Wing On Company International Limited (), incorporated in Bermuda. The holding company of the listed company itself is Wing On International Holdings Limited, which is owned by Karl Kwok Chi Leung (郭志樑) and the Kwok family. The head office is in (永安中心) in Sheung Wan. Until it was nationalised in 1966, Wing On's Shanghai branch was one of the "four great companies" of Shanghai. History Brothers James Gock Lock (Kwok Lok) (郭樂) and Philip Gock Chin (Kwok Chuen) (郭泉) started the Wing On fruit store in Australia in 1897. Wing On imported nuts, tea, rice, fireworks and ginger from China. The original "Wing On Building", located at 37 Ultimo Road in Haymarket, New South Wales, in Sydney's Chinatown, is now a hotel. In 1907, James, Philip and their other brother William Gock Son (Kwok Sun) returned to Hong Kong with accumulated savings and founded the W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Store
A department store is a retail establishment offering a wide range of consumer goods in different areas of the store, each area ("department") specializing in a product category. In modern major cities, the department store made a dramatic appearance in the middle of the 19th century, and permanently reshaped shopping habits, and the definition of service and luxury. Similar developments were under way in London (with Whiteleys), in Paris (Le Bon Marché) and in New York ( Stewart's). Today, departments often include the following: clothing, cosmetics, do it yourself, furniture, gardening, hardware, home appliances, houseware, paint, sporting goods, toiletries, and toys. Additionally, other lines of products such as food, books, jewellery, electronics, stationery, photographic equipment, baby products, and products for pets are sometimes included. Customers generally check out near the front of the store in discount department stores, while high-end traditional department sto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Standard (Hong Kong)
''The Standard'' is an English-language free newspaper in Hong Kong with a daily circulation of 200,450 in 2012. It was formerly called the ''Hongkong Standard'' and changed to ''HKiMail'' during the Internet boom but partially reverted to ''The Standard'' in 2001. The ''South China Morning Post'' (SCMP) is its main local competitor. Format ''The Standard'' is printed in tabloid format rather than in broadsheet. It is published daily from Monday to Friday. Ownership ''The Standard'' was published by Hong Kong iMail Newspapers Limited as of 2001 (previously known as Hong Kong Standard Newspapers Limited) but currently The Standard Newspapers Publishing Limited. These enterprises are owned by Sing Tao News Corporation Limited, also the publisher of '' Sing Tao Daily'' and ''Headline Daily''; the firm also has other businesses including media publications, ''The Standard'' was previously owned by Sally Aw's Sing Tao Holdings Limited. Aw is the daughter of the founder Aw Boo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Special Resolution
{{refimprove, date=August 2011 In business or commercial law, an extraordinary resolution or special resolutionSome jurisdictions use both terms, but meaning slightly different things. For example, in the United Kingdom, an extraordinary resolution is a resolution passed by not less than 75% of the members, and a special resolution is a resolution passed by the same majority, but having given then members not less than 21 days' notice of the intention to put the resolution to a vote, see section 378 of the Companies Act 1985 is a resolution passed by the shareholders of a company by a greater majority than is required to pass an ordinary resolution. The precise figures vary in different countries, but commonly an extraordinary resolution must be affirmed by not less than 75% of members casting votes, whereas an ordinary resolution only requires a bare majority. Extraordinary resolutions are generally only required in certain specific situations required by statute. For example, in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hang Seng Bank
Hang Seng Bank Limited () is a Hong Kong-based banking and financial services company with headquarters in Central, Hong Kong. It is one of Hong Kong's leading public companies in terms of market capitalisation and is part of the HSBC Group, which holds a majority equity interest in the bank. Hang Seng Bank is a commercial bank whose major business activities include retail banking, wealth management, commercial banking, treasury services, and private banking. Hang Seng Bank operates a network of around 260 service outlets in Hong Kong. It also has a wholly owned subsidiary in mainland China, Hang Seng Bank (China) Limited which has a network of 46 branches and sub branches. It established the Hang Seng Index as a public service in 1969 and this stock market index is now generally known as the primary indicator of the Hong Kong stock market. History In 1933, business partners Lam Bing Yim ( 林炳炎), Ho Sin Hang ( 何善衡), Sheng Tsun Lin ( 盛春霖), and Leung Chi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South China Morning Post
The ''South China Morning Post'' (''SCMP''), with its Sunday edition, the ''Sunday Morning Post'', is a Hong Kong-based English-language newspaper owned by Alibaba Group. Founded in 1903 by Tse Tsan-tai and Alfred Cunningham, it has remained Hong Kong's newspaper of record since British colonial rule. Editor-in-chief Tammy Tam succeeded Wang Xiangwei in 2016. The ''SCMP'' prints paper editions in Hong Kong and operates an online news website. The newspaper's circulation has been relatively stable for years—the average daily circulation stood at 100,000 in 2016. In a 2019 survey by the Chinese University of Hong Kong, the ''SCMP'' was regarded relatively as the most credible paid newspaper in Hong Kong. The ''SCMP'' was owned by Rupert Murdoch's News Corporation from 1986 until it was acquired by Malaysian real estate tycoon Robert Kuok in 1993. On 5 April 2016, Alibaba Group acquired the media properties of the SCMP Group, including the ''SCMP''. In January 2017, former D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legislative Council Of Hong Kong
The Legislative Council of the Hong Kong Special Administrative Region (LegCo) is the unicameral legislature of Hong Kong. It sits under China's " one country, two systems" constitutional arrangement, and is the power centre of Hong Kong's hybrid representative democracy. The functions of the Legislative Council are to enact, amend or repeal laws; examine and approve budgets, taxation and public expenditure; and raise questions on the work of the government. In addition, the Legislative Council also has the power to endorse the appointment and removal of the judges of the Court of Final Appeal and the Chief Judge of the High Court, as well as the power to impeach the Chief Executive of Hong Kong. Following the 2019–2020 Hong Kong protests, the National People's Congress disqualified several opposition councilors and initiated electoral overhaul in 2021. The current Legislative Council consists of three groups of constituencies—geographical constituencies (GCs), ... [...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] |
Abbey National
The Abbey National Building Society was formed in 1944 by the merger of the Abbey Road and the National building societies. It was the first building society in the United Kingdom to demutualise, doing so in July 1989. The bank expanded through a number of acquisitions in the 1990s, including James Hay, Scottish Mutual, Scottish Provident and the rail leasing company Porterbrook. Abbey National launched an online bank, Cahoot, in June 2000. In September 2003, the bank rebranded as Abbey, and in November 2004, it became a wholly owned subsidiary of the Spanish Santander Group, with a rebrand following in February 2005. In January 2010, the savings business of Bradford & Bingley was combined with the bank, and Abbey National plc was renamed Santander UK plc. Prior to the takeover, Abbey National plc was a constituent of the FTSE 100 Index. History Pre-merger: The National Building Society The National Building Society had its origins in the freehold land movement, sometimes ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SG Hambros
Hambros Bank was a British bank based in London. The Hambros bank was a specialist in Anglo-Scandinavian business with expertise in trade finance and investment banking, and was the sole banker to the Scandinavian kingdoms for many years. The Bank was sold in 1998, and today survives only in the name of the private banking division of the French group Société Générale. History Early history Hambros was founded by the Danish merchant and banker Carl Joachim Hambro in London in 1839 as C. J. Hambro & Son. During the 1850s he was responsible for arranging various British Government loan stock issues enabling the bank to prosper. Pre-war and Second World War After merging with the British Bank of Northern Commerce (owned by Enskilda Banken and a number of Scandinavian savings banks) in 1921 the name was changed to Hambros Bank, and the firm expanded. As a result, in 1926 a bigger head office was constructed at 41 Bishopsgate, where the bank remained until 1988. The 1930 depres ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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