The China Construction Bank Corporation Macau Branch () is a bank in
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 pop ...
,
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 ...
. It was wholly owned by
China Construction Bank (Asia) , a wholly owned subsidiary of
China Construction Bank
China Construction Bank Corporation (CCB) is one of the " big four" banks in China. In 2015, CCB was the 2nd largest bank in the world by market capitalization and 6th largest company in the world. The bank has approximately 13,629 domestic bra ...
, and renamed from China Construction Bank (Macau) Corporation Limited ()) after its incorporation with
China Construction Bank
China Construction Bank Corporation (CCB) is one of the " big four" banks in China. In 2015, CCB was the 2nd largest bank in the world by market capitalization and 6th largest company in the world. The bank has approximately 13,629 domestic bra ...
in June 2014. It now has 8
subbranches in Macau offering
retail banking
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking servi ...
products and services, a
Commercial Banking Division
Commercial may refer to:
* a dose of advertising conveyed through media (such as - for example - radio or television)
** Radio advertisement
** Television advertisement
* (adjective for:) commerce, a system of voluntary exchange of products and s ...
and a
China Enterprise Division offering
commercial banking
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit.
It can also refer to a bank, or a division of a large bank, which deals with cor ...
products and services. It was originated from the
Bank of Canton
Bank of Canton () was established in 1912 in Canton but registered as a British company in Hong Kong. This made it the first Chinese-owned bank in Hong Kong. At the time, all the other banks in Hong Kong were foreign, primarily British, including ...
(Macau Branch) which was established in 1936.
China Construction Bank - About Us
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History
*1912: Bank of Canton
Bank of Canton () was established in 1912 in Canton but registered as a British company in Hong Kong. This made it the first Chinese-owned bank in Hong Kong. At the time, all the other banks in Hong Kong were foreign, primarily British, including ...
was established in Hong Kong.
*1936: Bank of Canton (Macau Branch) was established in Macau.
*1945: Bank of Canton was re-established after it was seriously disrupted during the Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagio ...
in 1930s and the World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...
in 1940s.
*1988: Bank of Canton was acquired by Security Pacific National Bank
Security Pacific National Bank (SPNB) was a large U.S. bank headquartered in Los Angeles, California. It was acquired by Bank of America in 1992.
History
On September 1, 1868, Hellman, Temple and Co. opened their first bank branch in Lo ...
and renamed to "Security Pacific Asian Bank".
*1992: Security Pacific Corporation was merged with Bank of America
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank w ...
.
*1993: Security Pacific Asian Bank was renamed to "Bank of America (Asia)".
*2006: China Construction Bank acquired Bank of America (Asia) from Bank of America.
*2007: Bank of America (Asia) was renamed to China Construction Bank (Asia). Bank of America (Macau) was also renamed to China Construction Bank (Macau).
*2014: China Construction Bank (Macau) Corporation Limited was incorporated with China Construction Bank Corporation and renamed to China Construction Bank Corporation Macau Branch.
See also
*China Construction Bank
China Construction Bank Corporation (CCB) is one of the " big four" banks in China. In 2015, CCB was the 2nd largest bank in the world by market capitalization and 6th largest company in the world. The bank has approximately 13,629 domestic bra ...
* China Construction Bank (Asia)
External links
China Construction Bank (Macau)
References
{{Banks of Macau
Banks of Macau
China Construction Bank
Banks established in 1936
1936 establishments in Macau