Hongkong Chinese Bank
Encyclopedia
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 (former stock code: ), a joint venture
company owned by the Lippo Group
and the China Resources Group. It was acquired and merged to CITIC Ka Wah Bank
. It was one of the pilot banks in Hong Kong to accept digital signature
of Hongkong Post
.
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
in Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
. It was owned by HKCB Bank Holding Company Limited (former stock code: ), a joint venture
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
company owned by the Lippo Group
Lippo Group
The Lippo Group is a major Indonesian conglomerate founded by Mochtar Riady. The Lippo Group began with Bank Lippo, later using this as a platform for regional property development projects. These projects, throughout Indonesia and China, are akin to Irvine, California's development...
and the China Resources Group. It was acquired and merged to CITIC Ka Wah Bank
CITIC Ka Wah Bank
CITIC Bank Internationalis a Hong Kong bank majority owned by CITIC. It is a subsidiary of CITIC International Financial Holdings.-History:*1922: Ka Wah Ngan Ho was founded in Guangzhou by Dr...
. It was one of the pilot banks in Hong Kong to accept digital signature
Digital signature
A digital signature or digital signature scheme is a mathematical scheme for demonstrating the authenticity of a digital message or document. A valid digital signature gives a recipient reason to believe that the message was created by a known sender, and that it was not altered in transit...
of Hongkong Post
Hongkong Post
Hongkong Post is a department under the Government of Hong Kong responsible for postal services, though operated as a Trading Fund. Founded in 1841, it was known as Postal Department or Post Office before the handover of Hong Kong in 1997...
.
History
- 1955: Hongkong Chinese Bank was founded in Hong Kong.
- 1997: China Resources acquired 50% stake of Hongkong Chinese Bank.
- January 2002: CITIC Ka Wah Bank acquired Hongkong Chinese Bank for HK$4.2 billion.
- November 2002: CITIC Ka Wah Bank merged with Hongkong Chinese Bank. The banking business of CITIC Ka Wah Bank was transferred to Hongkong Chinese Bank. CITIC Ka Wah Bank became a financial holding companyHolding companyA holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
operating under the name CITIC International Financial Holdings LimitedCITIC International Financial Holdings LimitedCITIC International Financial Holdings Limited is the financial flagship company of the CITIC Group outside mainland China. It is the holding company of CITIC Ka Wah Bank, has a 50% stake in CITIC Capital Holdings Limited and a 40& stake in CITIC International Assets Management Limited. CITIC...
, while Hongkong Chinese Bank's name was changed to CITIC Ka Wah Bank Limited.
See others
- CITIC Ka Wah BankCITIC Ka Wah BankCITIC Bank Internationalis a Hong Kong bank majority owned by CITIC. It is a subsidiary of CITIC International Financial Holdings.-History:*1922: Ka Wah Ngan Ho was founded in Guangzhou by Dr...
- CITIC International Financial Holdings
- Macau Chinese BankMacau Chinese BankThe Macau Chinese Bank, Limited , or Banco Chinês de Macau, S.A. in Portuguese, is a bank in Macau.The bank was formerly known as Finibanco ...