Bank of China (Hong Kong) Limited

Type	Public HKSE: 2388 (listing is as BOC (Hong Kong) Holdings Limited)
Founded	2001
Location	Hong Kong
Key people	Xiao Gang, Chairman He Guangbei, CEO
Products	Commercial banking
Revenue	HK$8 Billion (2003)
Employees	13,009 (June 2004)
Website	www.bochk.com

Bank of China Tower

The Bank of China (Hong Kong) (BOCHK, 中國銀行（香港）) (SEHK: 2388) is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits, with more than 300 branches in Hong Kong. It was established on October 1, 2001 from a merger of 12 subsidiaries and associates of the Bank of China in Hong Kong, and listed on the Hong Kong Stock Exchange in October 2002. As of the end of 2003, the bank had HK$763 billion in assets and earned net profit of HK$8 billion in 2003. Image File history File links LinkFA-star. ... Bank of China (Hong Kong) logo This is a copyrighted and/or trademarked logo. ... A public company is a company owned by the public rather than by a relatively few individuals. ... The Hong Kong Stock Exchange (SEHK) is the stock exchange of Hong Kong. ... Xiao Gang (simplified Chinese: 肖钢) (born 1958 in Jian, Jiangxi) is currently chairman of the board of directors of Bank of China Limited and Bank of China (Hong Kong) Limited. ... A chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... A commercial bank is a type of financial intermediary and a type of bank. ... Revenue is a US business term for the amount of money that a company can receive from its activities, mostly from sales of products and/or services to customers. ... The word billion and its equivalents in other languages refer to one of two different numbers, depending on whether the writer is using the long or short scale. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... The front page of the English Wikipedia Website. ... Download high resolution version (1600x1200, 1570 KB) Wikipedia does not have an article with this exact name. ... Download high resolution version (1600x1200, 1570 KB) Wikipedia does not have an article with this exact name. ... The Hong Kong Stock Exchange (Chinese: 香港交易所, also 港交所; abbreviated as SEHK and HKSE; HKEx: 0388) is the stock exchange of Hong Kong. ... A commercial bank is a type of financial intermediary and a type of bank. ... In business and accounting an asset is anything owned which can produce future economic benefit, whether in possession or by right to take possession, by a person or a group acting together, e. ... Bank deposits accounts are the large part of the money supply. They come in different types depending on withdrawal restrictions. ... October 1 is the 274th day of the year (275th in leap years) in the Gregorian Calendar. ... 2001: A Space Odyssey. ... Bank of China Limited (Chinese: 中国银行; pinyin: ) (BOC) is one of the big four state-owned commercial banks of the Peoples Republic of China. ... The Hong Kong Stock Exchange (Chinese: 香港交易所, also 港交所; abbreviated as SEHK and HKSE; HKEx: 0388) is the stock exchange of Hong Kong. ... The Hong Kong Dollar (ISO 4217: HKD) is the official currency of the Hong Kong Special Administrative Region (SAR) within the Peoples Republic of China. ...

BOCHK is one of the three banks which issue banknotes for Hong Kong, the biggest member and a founder of the JETCO ATM and payment system, and the designated clearing bank in Hong Kong for transactions involving the renminbi, Mainland China's currency. It is legally separate from its parent, Bank of China (BOC), although they maintain close relations in management and administration and cooperate in several areas including reselling BOC's insurance and securities services. It also shares its Hong Kong headquarters, the Bank of China Tower, with its parent; completed in 1988, this was the first building outside of North America to exceed 1,000 feet. Hong Kong banknotes Hong Kong banknotes in everyday circulation are $10, $20, $50, $100, $500 and $1,000. ... Logo of JETCO JETCO (Traditional Chinese: 銀通) (full name: Joint Electronic Teller Services Limited, Traditional Chinese: 銀聯通寶有限公司) is the biggest network of automatic teller machines in Hong Kong and Macau, with nearly 1,700 cash machines. ... Outdoor ATMs may be free-standing, like this kiosk, or built into the side of banks or other buildings An automatic teller machine, automated teller machine (ATM) or cash machine is an electronic device that allows a banks customers to make cash withdrawals and check their account balances without... In banking and finance, clearing denotes all activities from the time a transaction is made until it is finally settled (see settlement). ... 100 Renminbi Yuan issued in 1999 The renminbi (Simplified Chinese: 人民币; Traditional Chinese: 人民幣; Hanyu Pinyin: ; literally peoples currency) is the official currency in the mainland of the Peoples Republic of China (PRC). ... The highlighted area in the map is what is commonly known as mainland China. Mainland China (Simplified Chinese: 中国大陆; Traditional Chinese: 中國大陸; Hanyu Pinyin: , lit. ... Bank of China Limited (Chinese: 中国银行; pinyin: ) (BOC) is one of the big four state-owned commercial banks of the Peoples Republic of China. ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. ... Security is a type of transferable interest representing financial value. ... BOC Tower at night The Bank of China Tower (short: BOC Tower; 中銀大廈) is a huge skyscraper in Central, Hong Kong. ... World map showing North America A satellite composite image of North America. ...

History

Bank of China Group

Old Bank of China Group logo

Main article: Bank of China Group

The opening of a branch of the Bank of China in Hong Kong 1917 marked the entry of state-owned Chinese banks into the then-colony's banking sector. Other banks soon followed suit, starting with Yien Yieh Commercial Bank in 1918. By the time the People's Republic of China was established in 1949, there were 15 branches of state owned Chinese banks in Hong Kong, plus branches of nine Mainland-incorporated banks that were public-private joint ventures. In addition, the Chinese government established Po Sang Bank in 1949 and Nanyang Commercial Bank in 1950. Both of these were incorporated in Hong Kong. Old Bank of China Group logo This is a copyrighted and/or trademarked logo. ... Old Bank of China Group logo This is a copyrighted and/or trademarked logo. ... Old Bank of China Group logo This article is about the operations of the Bank of China in Hong Kong from 1954 to 2001, which was branded as titled. ... A joint venture (often abbreviated JV) is a strategic alliance between two or more parties to undertake economic activity together. ... Po Sang Bank (traditional Chinese: 寶生銀行) was a bank established in 1949 in Hong Kong. ... Nanyang Commercial Bank branch in Kennedy Town, Hong Kong Nanyang Commercial Bank is a bank based in Hong Kong and a wholly_owned subsidiary of Bank of China (Hong Kong), with 41 branches. ...

In 1952, the nine public-private banks (namely, Sin Hua Bank Limited, China & South Sea Bank Limited, Kincheng Banking Corporation, China State Bank Limited, The National Commercial Bank Limited, Yien Yieh Commercial Bank, Young Brothers Banking Corporation, Wo Sang Bank and National Industrial Bank of China) were grouped into the Joint Office of Joint Public-Private Banks. The Hong Kong branches of the last three of these nine were closed in 1954 when their parents were shut down by the central government, and management of the remaining six public-private banks were transferred to the Hong Kong and Macau Regional Office of the Bank of China in 1958. The Bank of China later took over management of the Hong Kong branches of Kwangtung Provincial Bank, Hua Chiao Commercial Bank Limited and the Bank of Communications (HKSE: 3328). Sin Hua Bank (traditional Chinese: 新華銀行) was a bank based in Hong Kong. ... Logo of The National Commercial Bank Limited. ... National Industrial Bank of China was a bank established in September 1915 in Tianjin. ... Bank of Communications HKEx: 3328 (Simplified Chinese: 交通银行, traditional Chinese: 交通銀行) Founded in 1908 (the 34th year of the Guangxu reign period, Qing Dynasty), the Bank of Communications emerged as one of the first few major national and note-issuing banks in China in the early days, and was chartered as the...

In June 1975, the Bank of China moved to increase the capital of the public-private banks. As all of the new capital were from the Chinese government, private ownership in the public-private banks were substantially reduced, in some cases to less than 1%.

The 14 banks were rebranded as part of the Bank of China Group in the 1980s, after a common IT platform was established. Treasury and foreign currency exchange operations were also centralised. However, the individual banks retained their own management.

Restructuring and listing

The Hong Kong branch of the Bank of Communications broke off from the Bank of China Group in 1998. The Bank of China Group started to restructure its operations in 1999 in preparation for an initial public offering. All minority shareholders (except for those of Chiyu) were bought out by the Bank of China. Formal plans for a restructuring received the approval of the People's Bank of China and were launched in January 2001. In financial markets, an initial public offering (IPO) is the first sale of a companys common shares to public investors, any other issuance by the company being called a Secondary Market Offering. ... The Peoples Bank of China (中国人民银行, pinyin: Zhōngguó Rénmín Yínháng ) (not to be confused with the Bank of China or the Central Bank of China) is the central bank of the Peoples Republic of China with the power to control monetary policy and regulate...

The restructuring saw all operations of the Mainland-incorporated group members merged into Po Sang Bank, which was then immediately renamed Bank of China (Hong Kong) Limited. Hong Kong incorporated Nanyang Commercial Bank and Chiyu Banking Corporation became subsidiaries of Bank of China (Hong Kong) Limited. Legislation was required for the merger, as Hong Kong does not allow mergers via the pooling of interests, a common procedure in the United States. The Bank of China (Hong Kong) Limited (Merger) Ordinance was approved by the Legislative Council of Hong Kong on July 12, 2001, and the merger was completed on October 1, 2001. The International Accounting Standard 22, Business Combinations, became effective for annual financial statements for periods beginning on or after 1 January 1995. ... The Legislative Council (abbreviated as LegCo; Chinese: 立法會, Pinyin: Lìfǎ Huì; formerly 立法局, Lìfǎ Jú) is the unicameral legislature of the Hong Kong Special Administrative Region of the Peoples Republic of China. ... July 12 is the 193rd day (194th in leap years) of the year in the Gregorian Calendar, with 172 days remaining. ... 2001: A Space Odyssey. ... October 1 is the 274th day of the year (275th in leap years) in the Gregorian Calendar. ... 2001: A Space Odyssey. ...

Corporate structure and BOC (Hong Kong) Holdings

BOCHK is listed under the name of BOC (Hong Kong) Holdings Limited (BOCHK Holdings), a holding company whose principal, 100% owned subsidiary is BOCHK. The holding company is listed on the Stock Exchange of Hong Kong SEHK: 2388 and as ADRs in the US under the symbol BHKLY. BOC (Hong Kong) Holdings is a constituent of the Hang Seng Index. The listing of BOCHK Holdings in July 2002 listing was the first international stock listing by a Mainland China bank; until that time, other Mainland Chinese bank listings were done in the domestic "A-share" market. BOCHK Holdings logo This is a copyrighted and/or trademarked logo. ... A holding company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors. ... The Hong Kong Stock Exchange (SEHK) is the stock exchange of Hong Kong. ... The Hong Kong Stock Exchange (Chinese: 香港交易所, also 港交所; abbreviated as SEHK and HKSE; HKEx: 0388) is the stock exchange of Hong Kong. ... An American Depositary Receipt (ADR) is how the stock of most foreign companies trades in United States stock markets. ... Hang Seng Index (HSI, 恒生指數) is a capitalization-weighted stock market index in the Hong Kong Stock Exchange. ... The highlighted area in the map is what is commonly known as mainland China. Mainland China (Simplified Chinese: 中国大陆; Traditional Chinese: 中國大陸; Hanyu Pinyin: , lit. ...

For the 12 months ended December 31, 2003, BOCHK Holdings earned HK$11.6 billion in operating income and HK$8.0 billion in net profit. As of January 2005, 66% of BOCHK Holdings is held by Bank of China, in turn 100% owned by Central Huijin Investment, an investment holding company 100% owned by the Government of the People's Republic of China. December 31 is the 365th day of the year (366th in leap years) in the Gregorian Calendar. ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... Ongoing events • Iraqi legislative election • Bill C-38 (Same_sex marriage in Canada) • Tsunami relief Deaths in February • 4 – Ossie Davis • 3 – Ernst Mayr • 3 – Zurab Zhvania • 2 – Max Schmeling Recent deaths Ongoing armed conflicts • Arab-Israeli conflict • Conflict in Chechnya • Second Congo War • Conflict in Iraq (Occupation of Iraq) • Darfur... Bank of China Limited (Chinese: 中国银行; pinyin: ) (BOC) is one of the big four state-owned commercial banks of the Peoples Republic of China. ... Central Huijin Investment Company Limited (simplified Chinese: 中央汇金投资有限责任公司)is an investment company owned by the government of the Peoples Republic of China. ...

Operations

Bank of China (Hong Kong) branch, Wing On House, Hong Kong

BOCHK offers a comprehensive range of financial products and services to retail and corporate customers, similar to those offered by most commercial banks. It is primarily known for its interest-income business (taking deposits from retail customers for loans to corporates) although it has been moving into other non-interest-income areas such as personal loans, wealth management and other financial services in recent years. It has Hong Kong's biggest branch network (over 200 branches) and 450 automatic teller machines. Download high resolution version (2048x1536, 476 KB)Bank of China (Hong Kong), Wing On House Branch, Hong Kong File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Download high resolution version (2048x1536, 476 KB)Bank of China (Hong Kong), Wing On House Branch, Hong Kong File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Wing On House, Central, Hong Kong. ... Bank deposits accounts are the large part of the money supply. They come in different types depending on withdrawal restrictions. ... Outdoor ATMs may be free-standing, like this kiosk, or built into the side of banks or other buildings An automatic teller machine, automated teller machine (ATM) or cash machine is an electronic device that allows a banks customers to make cash withdrawals and check their account balances without...

BOCHK is the biggest mortgage lender in Hong Kong in the secondary market; Hang Seng Bank is the biggest in the primary market. BOCHK resells the casualty insurance, life insurance, mandatory provident fund (MPF) and asset management services of various subsidiaries of its parent, Bank of China. Hang Seng Bank Limited(恒生銀行有限公司) HKEx: 0011 or Hang Seng Bank (恒生銀行) is the second largest bank in Hong Kong. ... Casualty insurance is a broad category of insurance that includes almost any coverage that is not related to life, health, or property. ... It has been suggested that Life assurance be merged into this article or section. ... A pension (also known as superannuation) is a retirement plan intended to provide a person with a secure income for life. ... Bank of China Limited (Chinese: 中国银行; pinyin: ) (BOC) is one of the big four state-owned commercial banks of the Peoples Republic of China. ...

Within Mainland China, BOCHK operates 14 branches (as of January 2005) separately from its parent. BOCHK is treated as a foreign bank (more properly, "境外银行" or "banks outside of the territory") for regulatory purposes as it is incorporated in Hong Kong. The highlighted area in the map is what is commonly known as mainland China. Mainland China (Simplified Chinese: 中国大陆; Traditional Chinese: 中國大陸; Hanyu Pinyin: , lit. ... Ongoing events • Iraqi legislative election • Bill C-38 (Same_sex marriage in Canada) • Tsunami relief Deaths in February • 4 – Ossie Davis • 3 – Ernst Mayr • 3 – Zurab Zhvania • 2 – Max Schmeling Recent deaths Ongoing armed conflicts • Arab-Israeli conflict • Conflict in Chechnya • Second Congo War • Conflict in Iraq (Occupation of Iraq) • Darfur...

Renminbi clearing bank

BOCHK passbooks and ATM cards. At the front is a BOCHK Renminbi card.

BOCHK has been the designated clearing bank for personal transactions involving the Renminbi (RMB, the currency of Mainland China) in Hong Kong since February 2004. This means that BOCHK acts as a settlement agent for RMB banknotes and funds in Hong Kong and an intermediary between banks in Hong Kong and the People's Bank of China, the central bank of the People's Republic of China. In return, BOCHK takes a 0.125% cut of all RMB deposits in Hong Kong that are repatriated back to Mainland China. Download high resolution version (2304x1728, 2439 KB) Wikipedia does not have an article with this exact name. ... Download high resolution version (2304x1728, 2439 KB) Wikipedia does not have an article with this exact name. ... 100 Renminbi Yuan issued in 1999 The renminbi (Simplified Chinese: 人民币; Traditional Chinese: 人民幣; Hanyu Pinyin: ; literally peoples currency) is the official currency in the mainland of the Peoples Republic of China (PRC). ... The highlighted area in the map is what is commonly known as mainland China. Mainland China (Simplified Chinese: 中国大陆; Traditional Chinese: 中國大陸; Hanyu Pinyin: , lit. ... The Peoples Bank of China (中国人民银行, pinyin: Zhōngguó Rénmín Yínháng ) (not to be confused with the Bank of China or the Central Bank of China) is the central bank of the Peoples Republic of China with the power to control monetary policy and regulate...

The Chief Executive of Hong Kong announced on November 18 2003 that the People's Bank of China had agreed to provide clearing arrangements, marking for the first time that the Renminbi, which is fully on the current account but not on the capital account, has been allowed to clear outside of Mainland China. The scope of such RMB business includes deposit-taking, exchange, remittances and RMB cards. Hong Kong banks were invited to apply to become the designated clearing bank for RMB business; the People's Bank of China subsequently chose BOCHK as the clearing bank, for a term of three years. Donald Tsang The Chief Executive of the Hong Kong Special Administrative Region (Traditional Chinese: 香港特別行政區行政長官, Simplified Chinese: 香港特别行政区行政长官; Cantonese Jyutping: hoeng1 gong2 dak6 bit6 hang4 zing3 keoi1 hang4 zing3 zoeng2 gwun1; Mandarin Pinyin: Xiānggǎng Tèbié Xíngzhèngqū Xíngzhèng Zhǎngguān) is the head of the... The Peoples Bank of China (中国人民银行, pinyin: Zhōngguó Rénmín Yínháng ) (not to be confused with the Bank of China or the Central Bank of China) is the central bank of the Peoples Republic of China with the power to control monetary policy and regulate... The term current accountrk usually refers to the current account of the balance of payments (BOP) and contains the import and export items of goods and services as well as transfer payments including net investment income. ... The capital account is one of two primary components of the balance of payments. ... The highlighted area in the map is what is commonly known as mainland China. Mainland China (Simplified Chinese: 中国大陆; Traditional Chinese: 中國大陸; Hanyu Pinyin: , lit. ...

According to the Hong Kong Monetary Authority, the major responsibilities of the clearing bank are to: The Hong Kong Monetary Authority (香港金融管理局) or HKMA (金管局) in short is a government authority founded on 1st April 1993 in Hong Kong from the consolidation of the Office of the Exchange Fund and the Office of the Commissioner of Banking. ...

• open RMB settlement accounts for participating banks for the acceptance and withdrawal of RMB funds
• open a settlement account with the PBOC's Shenzhen sub-branch to centralise the acceptance and withdrawal of RMB funds of the Clearing Bank and the participating banks
• collect and distribute RMB banknotes
• provide clearing services for RMB remittances and RMB cards issued by Hong Kong banks
• provide services for the participating banks to square their RMB open positions that result from the exchange of RMB into Hong Kong dollars and vice versa.

Shenzhen (Chinese: 深圳; Pinyin: Shēnzhèn; Hakka:cim1 zun4; Cantonese Jyutping: sam1 zan3, Yale: sām jan; Sham Chun or Shamchun in old or Hong Kong documents; lit. ...

Nanyang Commercial Bank

Nanyang Commercial Bank branch in Kennedy Town, Hong Kong

Main article: Nanyang Commercial Bank

Founded in 1950 in Hong Kong, Nanyang Commercial Bank is a wholly-owned subsidiary of BOCHK, with 41 branches. Nanyang primarily focuses on corporate customers, in particular small and medium sized trading and manufacturing companies. It also has a loyal following amongst the overseas Chinese community, especially in South East Asia. It relies on BOCHK for back-end office and IT support. NanyangCommercialBank_WesternBranch, . Taken December 2004 by Juntung Wu. ... NanyangCommercialBank_WesternBranch, . Taken December 2004 by Juntung Wu. ... Kennedy Town (堅尼地城) is at the western end of Central and Western District, Hong Kong Island, Hong Kong. ... Nanyang Commercial Bank branch in Kennedy Town, Hong Kong Nanyang Commercial Bank is a bank based in Hong Kong and a wholly_owned subsidiary of Bank of China (Hong Kong), with 41 branches. ... In business, a subsidiary is a company controlled by another company or corporation. ... Location of Southeast Asia Southeast Asia is a subregion of Asia. ... Information technology (IT) or Information and communication(s) technology (ICT) is a broad subject concerned with technology and other aspects of managing and processing information, especially in large organizations. ...

Chiyu Banking Corporation

Main articles: Chiyu Banking Corporation and Jimei University

Founded by Chen Jiageng, an overseas Chinese in 1947, Chiyu Banking Corporation Limited has 23 branches in Hong Kong and focuses on serving the community of residents of Fujian descent in Hong Kong. Chiyu Banking Corporation Limited (traditional Chinese: 集友銀行) is a bank incorporated in Hong Kong. ... Jimei University (JMU, Pinyin: Jíměi Dàxué, Simplified Chinese: 集美大学) is a public university located in Xiamen, Fujian, China. ... Tan Kah Kee (陈嘉庚, pinyin: Chén Jiāgēng) (October 21, 1874 - August 12, 1961) was a prominent businessman, community leader, and philanthropist in colonial Singapore. ... Overseas Chinese (華僑 in pinyin: huáqiáo, or 華胞 huábāo, or 僑胞 qiáobāo, or 華裔 huáyì) are either ethnic Chinese or people of the Chinese nation (zhonghua minzu) who live outside of China. ... Fujian (Chinese: 福建; pinyin: ; Wade-Giles: Fu-chien; Postal System Pinyin: Fukien, Foukien; local transliteration Hokkien from Min Nan Hok-kiàn) is one of the provinces on the southeast coast of China. ...

Chiyu was explicitly created by Chen to create a sustainable business with profits to be devoted to education in Xiamen and the rest of Fujian province in China. Since its founding, it has spent more than HK$1 billion in education in the province, primarily through funding Jimei University and its related schools. Xiamen (Simplified: 厦门; Traditional: 廈門; Hanyu Pinyin: ; Wade-Giles: Hsiamen) is a coastal sub-provincial city in southeastern Fujian province, Peoples Republic of China. ... Fujian (Chinese: 福建; pinyin: ; Wade-Giles: Fu-chien; Postal System Pinyin: Fukien, Foukien; local transliteration Hokkien from Min Nan Hok-kiàn) is one of the provinces on the southeast coast of China. ... Jimei University (JMU, Pinyin: Jíměi Dàxué, Simplified Chinese: 集美大学) is a public university located in Xiamen, Fujian, China. ...

JETCO

Logo of JETCO

Main article: JETCO

JETCO (traditional Chinese: 銀通) (Joint Electronic Teller Services Limited) is the biggest network of automatic teller machines in Hong Kong and Macau, with nearly 1,700 cash machines. JETCO was founded by BOCHK in 1982 along with the Bank of East Asia, Chekiang First Bank, Shanghai Commercial Bank and Wing Lung Bank, and at present covers all licensed commercial banks in Hong Kong and Macau, except for HSBC and Hang Seng Bank, which has their own system. JETCO connects with the UnionPay network in Mainland China: JETCO cardholders can withdraw RMB cash at UnionPay machines in a number of major cities in Mainland China, while UnionPay cardholders can withdraw cash (up to around HK$4,500 per day) at JETCO machines in Hong Kong. JETCO This is a copyrighted and/or trademarked logo. ... JETCO This is a copyrighted and/or trademarked logo. ... Logo of JETCO JETCO (Traditional Chinese: 銀通) (full name: Joint Electronic Teller Services Limited, Traditional Chinese: 銀聯通寶有限公司) is the biggest network of automatic teller machines in Hong Kong and Macau, with nearly 1,700 cash machines. ... Outdoor ATMs may be free-standing, like this kiosk, or built into the side of banks or other buildings. ... The Bank of East Asia (Traditional Chinese: 東亞銀行) (HKSE: 0023) often abbreviated to BEA, is the largest independent chinese bank in Hong Kong. ... Chekiang First Bank was a bank in Hong Kong. ... Shanghai Commercial Bank is a bank originally founded in Shanghai but based in Hong Kong since 1950. ... Wing Lung Bank is a mid-sized bank in Hong Kong. ... A commercial bank is a type of financial intermediary and a type of bank. ... The Hongkong and Shanghai Banking Corporation Limited (香港上海滙豐銀行), based in Hong Kong, is a wholly-owned subsidiary and the founding member of the HSBC Group, which is traded on several stock exchanges as HSBC Holdings PLC. The business ranges from the traditional High Street roles of personal finance and commercial banking... Hang Seng Bank Limited(恒生銀行有限公司) HKEx: 0011 or Hang Seng Bank (恒生銀行) is the second largest bank in Hong Kong. ... China UnionPay the only credit card organization in China, which now can be accepted in US, Western Europe,East Asia,and Southeast Asia. ... The highlighted area in the map is what is commonly known as mainland China. Mainland China (Simplified Chinese: 中国大陆; Traditional Chinese: 中國大陸; Hanyu Pinyin: , lit. ... 100 Renminbi Yuan issued in 1999 The renminbi (Simplified Chinese: 人民币; Traditional Chinese: 人民幣; Hanyu Pinyin: ; literally peoples currency) is the official currency in the mainland of the Peoples Republic of China (PRC). ... The Hong Kong Dollar (ISO 4217: HKD) is the official currency of the Hong Kong Special Administrative Region (SAR) within the Peoples Republic of China. ...

Other operations

BOCHK also owns a travel agency known as BOC Travel Services. This is a legacy from its acquisition of Nanyang Commercial Bank, which ran a travel agency for the convenience of its Southeast Asian customers.

Bank notes

Main article: Hong Kong dollar

BOCHK is one of the three banks which issue banknotes for Hong Kong, the other two being HSBC and Standard Chartered Bank. As one of the three note-issuing banks, it is also a rotating chairman of the Hong Kong Association of Banks, the main industry body of commercial banks in Hong Kong. The Hong Kong dollar (currency code HKD) is the currency of the Hong Kong Special Administrative Region of the Peoples Republic of China, and has been the currency of Hong Kong since 1937. ... Hong Kong banknotes Hong Kong banknotes in everyday circulation are $10, $20, $50, $100, $500 and $1,000. ... The Hongkong and Shanghai Banking Corporation Limited (香港上海滙豐銀行), based in Hong Kong, is a wholly-owned subsidiary and the founding member of the HSBC Group, which is traded on several stock exchanges as HSBC Holdings PLC. The business ranges from the traditional High Street roles of personal finance and commercial banking... Standard Chartered Bank (LSE: STAN, HKEx: 2888) is a British bank headquartered in London with operations in many countries, especially in Asia and Africa. ... The Hong Kong Association of Banks (HKAB) was created by The Hong Kong Association of Banks Ordinance in 1981 to replace the Exchange Banks Association. ...

Bank of China started to issue Hong Kong dollar notes on 1 May 1994, under the name of "Bank of China Hong Kong Branch". Under the Bank of China (Hong Kong) Limited (Merger) Ordinance, After the restructuring, banknotes issued by the Bank of China before its merger remained legal tender after the merger and became the obligations of Bank of China (Hong Kong). A new set of notes bearing the name Bank of China (Hong Kong) went into circulation in 2004. Thank you for experimenting with the page [[:]] on Wikipedia. Your test worked, and has been reverted or removed. Please use the sandbox for any other tests you want to do. Take a look at the welcome page if you would like to learn more about contributing to our encyclopedia. 195.93.21.71 22:12, 20 April 2006 (UTC) Please refrain from adding nonsense to Wikipedia, as you did to [[:]]. It is considered vandalism. If you would like to experiment, use the sandbox. 195.93.21.71 22:12, 20 April 2006 (UTC) Please refrain from removing content from Wikipedia, as you did to [[:]]. It is considered vandalism. If you want to experiment, please use the sandbox. Thank you. 195.93.21.71 22:12, 20 April 2006 (UTC) Please stop. If you continue to vandalize pages, as you did to [[:]], you will be blocked from editing Wikipedia. 195.93.21.71 22:12, 20 April 2006 (UTC) May 1 is the 121st day of the year in the Gregorian calendar (122nd in leap years). ...

This is your last warning. The next time you vandalize a page, as you did to [[:]], you will be blocked from editing Wikipedia. 195.93.21.71 22:12, 20 April 2006 (UTC) Image File history File links Stop_hand. ...

Bank of China Tower

BOC Tower at night

Main article: Bank of China Tower

The Bank of China Tower in Central houses the headquarters of BOCHK. Designed by I. M. Pei, the 70-storey building's height is 315 meters with two masts reaching 369 meters. Construction began in 1985 and the building was completed in 1989, with its official opening on May 17, 1990. Download high resolution version (500x667, 70 KB)Bank of China at night; Self photographed; 2001; File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Download high resolution version (500x667, 70 KB)Bank of China at night; Self photographed; 2001; File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... BOC Tower at night The Bank of China Tower (short: BOC Tower; 中銀大廈) is a huge skyscraper in Central, Hong Kong. ... District slogan: none Location within Hong Kong S.A.R. (Click here for satellite image) District Council Chairman Chan Tak-chor Area   â€“Land   â€“Water 12. ... The Louvre Pyramid, Paris Ieoh Ming Pei (Chinese: 貝聿銘; Pinyin: ; b. ... The metre, or meter (symbol: m) is the SI base unit of length. ... May 17 is the 137th day of the year in the Gregorian Calendar (138th in leap years). ... This article is about the year. ...

Bank of China Tower was the first building outside North America to break the 1,000 feet mark, the first composite space frame high-rise building and was the tallest building in Hong Kong and Asia from 1989 to 1992. A small observation deck on the 43rd floor of the building is open to the public; visits to the main observation deck on the 70th floor is by appointment only. World map showing North America A satellite composite image of North America. ... This article is about a foot as a unit of length. ... Simplified space frame roof with the nearest unit polygon hightlighted in blue A space frame is a truss-like, lightweight rigid structure constructed from interlocking struts in a geometric pattern. ...

The structural expressionism adopted in the design of this building resembles growing bamboo shoots, symbolising livelihood and prosperity. The whole structure is supported by the four reinforced concrete columns at the corners of the building, with the triangular frameworks transferring the weight of the structure into these four columns. It is covered with glass curtain walls. While its distinctive look makes it one of Hong Kong's most identifiable landmarks today, it was the source of some controversy at one time, as the bank is the only major building in Hong Kong to have bypassed the convention of consulting with feng shui masters on matters of design prior to construction. This article is about the plant. ... A shoot is the fresh young growth of a plant stem. ... For the group sometimes known as Landmark, see Landmark Education Originally, a landmark literally meant a geographic feature, used by explorers and others to find their way back through an area on a return trip. ... Fēng Shuǐ (風水 – literally, wind and water pronounced fung shuway), which may be more than 3000 years old, is the ancient practice of placement to achieve harmony with the environment. ...

Bank of China Tower was initially built by the Hong Kong Branch of the Bank of China; its Garden Road entrance continues to display the name "Bank of China", rather than BOCHK. Ownership has since been transferred to BOCHK, although the Bank of China has leased back several floors for use by its own operations in Hong Kong.

Corporate governance

One of the stated goals of the restructuring of BOCHK was to aggressively improve corporate governance and risk management. Issues regarding BOCHK's corporate governance were widely reported in 2003 and 2004 following allegations of misconduct. Investigations are continuing as of 2005. BOCHK subsequently reorganised and tightened internal controls, and made several executive appointments via a global replacement effort. Corporate governance is the set of processes, customs, policies, laws and institutions affecting the way a corporation is directed, administered or controlled. ... It has been suggested that this section be merged into Emergency management. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ...

Liu Jinbao

A former CEO of BOCHK, Liu Jinbao, was abruptly transferred back to Beijing to become vice-chairman of Bank of China in May 2003. Investigations subsequently found Liu to have "committed economic crimes" in connection with his previous appointment as the head of the Shanghai branch of the Bank of China. Liu was subsequently dismissed from his post. Liu, along with three other senior managers, were also alleged to have made "unauthorised distribution for personal purposes" of funds belong to the Bank of China before BOCHK was established. The Standard speculated that the amount involved was HK$30 million. Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Liu Jinbao (simplified Chinese: 刘金宝) was a former CEO of Bank of China (Hong Kong) Limited and vice-chairman of Bank of China. ... (help· info) (IPA pei˩ tɕɪŋ˦), a city in northern China, is the capital of the Peoples Republic of China (PRC). ... For other uses, see Shanghai (disambiguation). ... The Standard,29 September 2004 Mr. ...

New Nongkai loan

A special committee appointed by BOC (Hong Kong) Holdings in consultation with the Hong Kong Monetary Authority found that the granting of a HK$1.77 billion bridge loan to Chau Ching-ngai (sometimes referred to as "Zhou Zhengyi" depending on transliteration), involved "risks identified at the start (that) were not addressed adequately" and was granted despite "serious reservations expressed by the Risk Management Department (BOCHK)". Liu Jinbao was criticised by the committee and a deputy CEO, Or Man-ah, took early retirement as a result. The Hong Kong Monetary Authority (香港金融管理局) or HKMA (金管局) in short is a government authority founded on 1st April 1993 in Hong Kong from the consolidation of the Office of the Exchange Fund and the Office of the Commissioner of Banking. ... Liu Jinbao (simplified Chinese: 刘金宝) was a former CEO of Bank of China (Hong Kong) Limited and vice-chairman of Bank of China. ...

References

General

• Feng, Bangyan; (2002). A Century of Hong Kong Financial Development. Joint Publishing Hong Kong. ISBN 962-04-2129-9.
• BOCHK 2003 Annual Report. March 2004.
• BOC (Hong Kong) Holdings IPO Prospectus. August 2002.

Corporate governance

• Chung, O. Liu probe began in 2000: magazine. The Standard. March 10, 2004.
• Suspect loans' at Shanghai firm. BBC News report, June 10, 2003. Retrieved February 16, 2005.
• Batchelor, M. BOC Hong Kong hires 3 executives Bloomberg via International Herald Tribune. January 4, 2005.
• Bank executives arrested over $30m fraud scandal, The Standard. August 20, 2004.
• Xinhua News Agency, Investigation not affecting BOCHK operating results: statement. Via People's Daily. August 6, 2004.
• Suspension from duty of Messrs Zhu Chi and Ding Yansheng, Deputy Chief Executives of the Company. BOCHK announcement and press release, August 2, 2004.
• Investigation of Liu Jinbao and Zhang Debao. BOCHK announcement and press release, August 5, 2004.
• Ling, H. Top Bankers Brought Down by NPLs. Caijing, March 5, 2004.
• BOC vice-chairman sacked for suspected corruption. People's Daily. February 20, 2004.

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Renminbi business

• Hong Kong Monetary Authority press release, Hong Kong banks to conduct personal renminbi business on trial basis. November 18, 2003.
• Hong Kong Monetary Authority, HKMA Annual Report 2003.
• Hong Kong Monetary Authority press release, The People's Bank of China Appoints Clearing Bank for RMB Business in Hong Kong. December 24, 2003.
• Xinhua News Agency, Officials hail arrangements for conducting RMB business in HK. Via China Daily, November 18, 2003.

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See also

Wikimedia Commons has media related to:

Bank of China (Hong Kong)

• List of banks
• Banks
• Commercial banks
• Banking license

Image File history File links Commons-logo. ... The Wikimedia Commons (also called Commons or Wikicommons) is a repository of free content images, sound and other multimedia files. ... This is a list of banks throughout the world. ... Iain Banks is a Scottish-born writer of both mainstream and science fiction novels. ... A commercial bank is a type of financial intermediary and a type of bank. ... A banking license is a prerequisite for a financial institution that wants to provide banking services. ...

External links

• Bank of China (Hong Kong) Limited
• BOC (Hong Kong) Holdings Limited
• BOC Credit Card (International)
• BOC Travel Services
• Reuters Quote, Bloomberg Quote for BOC Hong Kong (Holdings) Limited.
• Images of the 2004 issue of BOCHK bank notes can be seen at the homepage of the Hong Kong Monetary Authority.