Hongkong Chinese Bank
 | |||||
| subsidiary | |||||
| Industry | Finance | ||||
| Successor | CITIC Ka Wah Bank | ||||
| Founded | 10 December 1954 | ||||
| Defunct | 25 November 2002 | ||||
| Headquarters | Hong Kong | ||||
| Owner | HKCB Bank Holding (100%) | ||||
| Parent |
| ||||
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 (SEHK: 655), which in turn majority owned by a joint venture company owned by listed companies Lippo China Resources and the China Resources Enterprise. The bank was acquired and merged to CITIC Ka Wah Bank.[1] It was one of the pilot banks in Hong Kong to accept digital signature of Hongkong Post.[2]
History
- 1954: Hongkong Chinese Bank was founded in Hong Kong.
- 1998: China Resources Enterprise acquired 50% shares of Lippo CRE (Financial Services) Limited.[3][nb 1][4]
- January 2002: CITIC Ka Wah Bank acquired Hongkong Chinese Bank for HK$4.2 billion.[5]
- 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 company operating under the name CITIC International Financial Holdings Limited, while Hongkong Chinese Bank's name was changed to CITIC Ka Wah Bank Limited.[6]
Footnotes
- ↑ Lippo CRE (Financial Services) Limited is the parent company of HKCB Bank Holding Company Limited, which in turn the parent company of the bank.
See others
References
- ↑ CITIC Ka Wah Bank Buys Hongkong Chinese Bank for HK$4.2 Billion, Moving into Fourth Place among Hong Kong Listed Banks
- ↑ HKCB Bank-Cert Creates A Secure On-line Banking Environment
- ↑ Chinese Unit Buys Hong Kong Bank Stake
- ↑ "CRE will become the controlling shareholder of HKCB with 60.6% stake" (PDF). China Resources Enterprise. 2 July 1998. Retrieved 16 March 2017.
- ↑ CITIC Ka Wah Bank acquires Hongkong Chinese Bank
- ↑ Announcement of Hongkong Chinese Bank
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