Hongkong Chinese Bank

The Hongkong Chinese Bank, Limited

Former type	Privately owned
Industry	Finance
Founded	1955
Defunct	2002
Headquarters	Hong Kong
Parent	HKCB Bank Holding Company Limited

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: SEHK: 655), a joint venture company owned by the Lippo Group and the China Resources Group. It 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

• 1955: Hongkong Chinese Bank was founded in Hong Kong.
• 1997: China Resources acquired 50% stake of Hongkong Chinese Bank.^[3]
• January 2002: CITIC Ka Wah Bank acquired Hongkong Chinese Bank for HK$4.2 billion.^[4]
• 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.^[5]

See others

• CITIC Ka Wah Bank
• CITIC International Financial Holdings
• Macau Chinese Bank

References

1. CITIC Ka Wah Bank Buys Hongkong Chinese Bank for HK$4.2 Billion, Moving into Fourth Place among Hong Kong Listed Banks
2. HKCB Bank-Cert Creates A Secure On-line Banking Environment
3. Chinese Unit Buys Hong Kong Bank Stake
4. CITIC Ka Wah Bank acquires Hongkong Chinese Bank
5. Announcement of Hongkong Chinese Bank