Hongkong Chinese Bank
{{Short description|Acquired bank in Hong Kong}}
{{EngvarB|date=April 2019}}
{{Use dmy dates|date=April 2019}}
{{Infobox company |
name = The Hongkong Chinese Bank, Limited|
logo = hkcb.png
|logo_size = 200px
| type = subsidiary |
foundation = {{start date|df=y|1954|12|10}} |
defunct = 25 November 2002|
successor = CITIC Ka Wah Bank |
location = Hong Kong|
key_people = |
num_employees = |
industry = Finance|
products = |
revenue = |
operating_income = |
net_income = |
parent = {{aligned table|fullwidth=n|style=text-align: left; font-size: 100%;|HKCB Bank Holding|(direct)|{{nowrap|Lippo CRE (Financial Services)}}|(ultimate)}}|
owner = HKCB Bank Holding (100%) |
homepage = |
}}
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 ({{hkex|655}}), which in turn was 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 into CITIC Ka Wah Bank.{{Cite web |url=http://www.citickawahbank.com/eng/news/press/p011101.htm |title=CITIC Ka Wah Bank Buys Hongkong Chinese Bank for HK$4.2 Billion, Moving into Fourth Place among Hong Kong Listed Banks |access-date=17 March 2009 |archive-url=https://web.archive.org/web/20090326002512/http://www.citickawahbank.com/eng/news/press/p011101.htm |archive-date=26 March 2009 |url-status=dead }} It was one of the pilot banks in Hong Kong to accept the digital signature of Hongkong Post.[http://www.hongkongpost.gov.hk/news/press/17_c.html HKCB Bank-Cert Creates A Secure On-line Banking Environment]
History
- 1954: Hongkong Chinese Bank was founded in Hong Kong by Sir Sik-nin Chau.Growing with Hong Kong: The University and Its Graduates : the First 90 Years. Hong Kong University Press. 2002. p. 177.
- 1998: China Resources Enterprise acquired 50% shares of Lippo CRE (Financial Services) Limited.[https://query.nytimes.com/gst/fullpage.html?res=9C06E4D7143EF93AA25755C0A961958260 Chinese Unit Buys Hong Kong Bank Stake]Lippo CRE (Financial Services) Limited is the parent company of HKCB Bank Holding Company Limited, which in turn the parent company of the bank.{{cite web|url=http://www.cre.com.hk/home_15152/infocenter/compantnews/1998/201511/t20151109_366928.html|archive-url=https://web.archive.org/web/20170317054420/http://www.cre.com.hk/home_15152/infocenter/compantnews/1998/201511/t20151109_366928.html|url-status=dead|archive-date=17 March 2017|title=CRE will become the controlling shareholder of HKCB with 60.6% stake|date=2 July 1998|access-date=16 March 2017|publisher=China Resources Enterprise|format=PDF}}
- January 2002: CITIC Ka Wah Bank acquired Hongkong Chinese Bank for HK$4.2 billion.[https://web.archive.org/web/20090201135428/http://atimes.com/bizasia/DA22Aa01.html CITIC Ka Wah Bank acquires Hongkong Chinese Bank]
- 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.[http://202.66.146.82/listco/hk/cifh/announcement/a020517.pdf Announcement of Hongkong Chinese Bank]{{Dead link|date=January 2020 |bot=InternetArchiveBot |fix-attempted=yes }}
Footnotes
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