The Macau Chinese Bank Limited (;

Portuguese Portuguese may refer to: * anything of, from, or related to the country and nation of Portugal ** Portuguese cuisine, traditional foods ** Portuguese language, a Romance language *** Portuguese dialects, variants of the Portuguese language ** Portu ...

: Banco Chinês de Macau, S.A.) is a

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 ...

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 ...

. The bank was formerly known as Finibanco (Macau) (). It was acquired by Winwise Holdings Limited, the

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 s ...

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 Sin ...

, in 2002 and renamed The Macau Chinese Bank, Limited. In 2007, Value Convergence Holdings, a subsidiary of

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.

, signed an

agreement Agreement may refer to: Agreements between people and organizations * Gentlemen's agreement, not enforceable by law * Trade agreement, between countries * Consensus, a decision-making process * Contract, enforceable in a court of law ** Meeting o ...

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 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 ...

did not agree it before the agreement

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 selecte ...

.LAPSE OF THE SALE AND PURCHASE AGREEMENT IN RELATION TO THE ACQUISITION OF THE MACAU CHINESE BANK LIMITED
/ref> In 2015 the Chinese state-owned

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 ...

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 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 ...

- 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 bank in Hong Kong. China CITIC Bank Corporation Limited, via its wholly-owned subsidiary CITIC International Financial Holdings ...

References

{{Banks of Macau Banks established in 2002 Banks of Macau China Resources 2002 establishments in Macau