Talk:Bank of China (Hong Kong)
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[edit] Classification
Should this article be classified under Category:Banks of Hong Kong or Category:Foreign banks in Hong Kong?--Huaiwei 13:07, 4 Apr 2005 (UTC)
- It depends on its ownership structure. So far I haven't found out any materials revealing its ownership. What I can recall is that Standard Chartered Hong Kong was a shareholder of BOCHK. — Instantnood 14:06, Apr 4, 2005 (UTC)
- It is a subsidiary of the Bank of China, and this alone makes is a qualifying candidate as a "foreign bank in Hong Kong". In terms of ownership, the Bank of China (Hong Kong) Limited is 100% owned by BOC Hong Kong (Holdings) Limited, which is 65.8% owned by BOC Hong Kong (BVI) Limited. 34.04% of BOC Hong Kong (Holdings) Limited is owned by public shareholders (its a listed company afterall), while the remaining 0.15% is owned by associated companies of the Bank of China under Bank of China Limited. BOC Hong Kong (BVI) Limited is in turn 100% owned by BOC Hong Kong (Group) Limited, which is 100% owned by Bank of China Limited, and which is 100% owned by the Central Huijin Investment Company Limited, a company which acts in the direct interests of the government in the People's Republic of China.--Huaiwei 15:05, 4 Apr 2005 (UTC)
- Thanks for the information. Then it qualifies I guess. By the way, do you have any information how much of its operations or profits of the entire group is in/from Hong Kong? — Instantnood 17:21, Apr 4, 2005 (UTC)
- I posted an update of the Chinese government's ownership of the BOC, which affects the ownership of BOCHK. See the BOC page too Jazza 16:00, 8 June 2006 (UTC)
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