Wing Lung Bank
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Wing Lung Bank
CMB Wing Lung Bank () (former stock no: ) is a bank based in Hong Kong. As of December 2018, the Bank has 35 branches in Hong Kong, 4 branches in Mainland China, 1 branch in Macau and 2 overseas branches, located respectively in Los Angeles and San Francisco in united States. The bank was founded on 25 February 1933 by Dr. Wu Yee-sun (), who owned a majority stake in the bank. It was listed in Hong Kong from 1980 to 2009 until it was acquired by China Merchants Bank. It currently employs over 1,900 people and has assets over HKD 300 billion. In 2008, China Merchants Bank purchased 53.12 percent of Wing Lung Bank's equity and became the largest shareholder of the bank. Dr. Ma Weihua (China Merchants Bank's President) and Dr. Zhang Guanghua (China Merchants Bank's Vice President) were appointed as the Chairman and Vice Chairman of Wing Lung Bank respectively. In 2009, China Merchants Bank acquired the remaining shares of Wing Lung Bank, and it became a wholly owned subsidiary of C ...
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Des Voeux Road Central
Des is a masculine given name, mostly a short form (hypocorism) of Desmond. People named Des include: People * Des Buckingham, English football manager * Des Corcoran, (1928–2004), Australian politician * Des Dillon (other), several people * Des Hasler (born 1961), Australian rugby league player-coach * Desmond Des Kelly (born 1965), British journalist * Desmond Des Lynam (born 1942), British television presenter * Desmond Des Lyttle (born 1971), English footballer * Desmond Des O'Connor (1932–2020), British entertainer * Des O'Connor, Australian rugby league player in the 1970s * Desmond Des O'Grady (born 1953), Irish retired Gaelic footballer * Des O'Hagan (1934–2015), Irish communist * Desmond O'Malley (1939–2021), Irish politician, government minister and founder and leader of the Progressive Democrats * Desmond Des O'Neil (1920–1999), Australian politician * Des O'Reilly (1954–2016), Australian rugby league player * Desmond Smith (general) (1911–199 ...
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Stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company is divided, or these shares considered together" "When a company issues shares or stocks ''especially AmE'', it makes them available for people to buy for the first time." (Especially in American English, the word "stocks" is also used to refer to shares.) A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt), or voting power, often dividing these up in proportion to the amount of money each stockholder has invested. Not all stock is necessarily equal, as certain classe ...
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Companies Formerly Listed On The Hong Kong Stock Exchange
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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China Merchants
China Merchants Group Limited () is an international state-owned corporation (SOE) of the People's Republic of China. The company is operating under the auspices of the Chinese Ministry of Transport. Founded in 1872 China Merchants Steam Navigation Company in Shanghai, the firm has developed into one of China's leading SOEs since the 1980s and has expanded its global role as a result of China's Belt and Road Initiative in the early 2010s. In the Western media, China Merchants Group is mostly known for being criticized as a tool for China's "debt diplomacy" and its legal disputes with DP World, another port operator, regarding concession rights at the Port of Djibouti. Beginnings and growth (1872-1978) Early History China Merchants Steam Navigation Company was a shipping company founded on 16 December 1872 by the then Governor-General of Chihli (直隸 Zhili) Li Hung-chang (李鴻章 Li Hongzhang) who was also concurrently appointed as the Peiyang Commissioner "Peiyang Ta ...
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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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San Gabriel Mountains
The San Gabriel Mountains ( es, Sierra de San Gabriel) are a mountain range located in northern Los Angeles County, California, Los Angeles County and western San Bernardino County, California, United States. The mountain range is part of the Transverse Ranges and lies between the Los Angeles Basin and the Mojave Desert, with Interstate 5 to the west and Interstate 15 to the east. The range lies in, and is surrounded by, the Angeles National Forest, Angeles and San Bernardino National Forest, San Bernardino National Forests, with the San Andreas Fault as its northern border. The highest peak in the range is Mount San Antonio, commonly referred to as Mt. Baldy. Mount Wilson (California), Mount Wilson is another notable peak, known for the Mount Wilson Observatory and the antenna farm that houses many of the transmitters for local media. The observatory may be visited by the public. On October 10, 2014, President Barack Obama, Obama designated the area the San Gabriel Mountains Nat ...
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Tile Mural
A mural is any piece of graphic artwork that is painted or applied directly to a wall, ceiling or other permanent substrate. Mural techniques include fresco, mosaic, graffiti and marouflage. Word mural in art The word ''mural'' is a Spanish adjective that is used to refer to what is attached to a wall. The term ''mural'' later became a noun. In art, the word mural began to be used at the beginning of the 20th century. In 1906, Dr. Atl issued a manifesto calling for the development of a monumental public art movement in Mexico; he named it in Spanish ''pintura mural'' (English: ''wall painting''). In ancient Roman times, a mural crown was given to the fighter who was first to scale the wall of a besieged town. "Mural" comes from the Latin ''muralis'', meaning "wall painting". History Antique art Murals of sorts date to Upper Paleolithic times such as the cave paintings in the Lubang Jeriji Saléh cave in Borneo (40,000-52,000 BP), Chauvet Cave in Ardèche department of s ...
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Alhambra, California
Alhambra (, , ; from " Alhambra") is a city located in the western San Gabriel Valley region of Los Angeles County, California, United States, approximately eight miles from the Downtown Los Angeles Downtown Los Angeles (DTLA) contains the central business district of Los Angeles. In addition, it contains a diverse residential area of some 85,000 people, and covers . A 2013 study found that the district is home to over 500,000 jobs. It is ... civic center. It was incorporated on July 11, 1903. As of the 2020 census, the population was 82,868. The city's ZIP Codes are 91801 and 91803 (plus 91802 for P.O. boxes). History The original inhabitants of the land where Alhambra now sits are the Tongva. The Mission San Gabriel Arcángel, San Gabriel Mission was founded nearby on September 8, 1771, as part of the Spanish conquest and occupation of Alta California. The land that would later become Alhambra was part of a 300,000 acre land grant given to Manuel Nieto (soldier), ...
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Corporate Identity
A corporate identity or corporate image is the manner in which a corporation, firm or business enterprise presents itself to the public (such as customers and investors as well as employees). The corporate identity is typically visualized by branding and with the use of trademarks, but it can also include things like product design, advertising, public relations etc. Corporate identity is a primary goal of the corporate communications, in order to maintain and build the identity to accord with and facilitate the corporate business objectives. In general, this amounts to a corporate title, logo (logotype and/or logogram) and supporting devices commonly assembled within a set of corporate guidelines. These guidelines govern how the identity is applied and usually include approved color palettes, typefaces, page layouts, fonts, and others. Integrated marketing communications (IMC) Corporate identity is the set of multi-sensory elements that marketers employ to communicate a v ...
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Delisted
In corporate finance, a listing refers to the company's shares being on the list (or board) of stock that are officially traded on a stock exchange. Some stock exchanges allow shares of a foreign company to be listed and may allow dual listing, subject to conditions. Normally the issuing company is the one that applies for a listing but in some countries an exchange can list a company, for instance because its stock is already being traded via informal channels. Stocks whose market value and/or turnover fall below critical levels may be delisted by the exchange. Delisting often arises from a merger or takeover, or the company going private. Requirements Each stock exchange has its own listing requirements or rules. Initial listing requirements usually include supplying a history of a few years of financial statements (not required for "alternative" markets targeting young firms); a sufficient size of the amount being placed among the general public (the free float), both in abso ...
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Shareholder
A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal owner of shares of the share capital of a public or private corporation. Shareholders may be referred to as members of a corporation. A person or legal entity becomes a shareholder in a corporation when their name and other details are entered in the corporation's register of shareholders or members, and unless required by law the corporation is not required or permitted to enquire as to the beneficial ownership of the shares. A corporation generally cannot own shares of itself. The influence of a shareholder on the business is determined by the shareholding percentage owned. Shareholders of a corporation are legally separate from the corporation itself. They are generally not liable for the corporation's debts, and the shareholders' liabil ...
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Wu Yee-sun
Wu Yee-sun (, 1900 – 11 May 2005) was a Hong Kong entrepreneur and billionaire who founded the Wing Lung Bank. Life and career Although he was born into a well-known family, times were difficult and he had to leave school at 14. The family suffered through a number of disasters and, as the oldest son, Wu left Guangdong to seek work in Hong Kong to help support his family in the 1920s. In 1933, he and some friends established "Wing Lung Money Exchange" (later Wing Lung Bank) in Central, Hong Kong. In later years contributions towards setting up or improving hospitals, clinics, universities and schools in Mainland China and Hong Kong were made in the name of Wu or his father. On 11 May 2005, Dr. Wu died in Hong Kong Sanatorium and Hospital at the age of 105. A minor planet was discovered at the Purple Mountain Observatory at Nanking, China in 1979. Provisionally designated as 1979 XO, in 1998 this 3,570th known asteroid was named 3570 Wuyeesun after Wu. Penjing Wu's father, Wu ...
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