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词条 Chong Hing Bank
释义

  1. History

  2. Branches

  3. References

  4. External links

{{EngvarB|date=April 2018}}{{Use dmy dates|date=April 2018}}{{Infobox company
| name = Chong Hing Bank
| logo = ChongHingBank logo (2014).svg
| type = public listed company
| company_slogan =
| foundation = 1948
| location = Hong Kong
| key_people = Zhaoxing Zhang (Chairman),
Margaret Leung (Deputy chairman and managing director),
Lau Wai Man (chief executive officer),
Don Tit Shing Liu (Deputy chief executive officer)
| num_employees =
| industry = Financial services
| products = Deposits, loans, credit cards, money markets
| homepage = chbank.com
| revenue = {{unbulleted list|{{increase}}HK$276 million (Q1 2013)}}
}}{{Infobox Chinese
|order=jp
|showflag=stp
|s=创兴银行
|t=創興銀行
|j=cong3 hing1 ngan4 hong4
|y=chong hīng ngàhn hòhng
|p=Chuàngxīng Yínháng
}}

Chong Hing Bank ({{zh|創興銀行}}; {{sehk|1111}}) is a bank founded in Hong Kong in 1948. It is headquartered in Central, while the back offices are located in Western District and Mongkok. It was owned by the Liu family of Hong Kong until it was acquired by the Chinese state-owned Yue Xiu Group in 2014.

History

The bank was founded as Liu Chong Hing Bank in Hong Kong in 1948 by Liu Po-shan, who migrated to Hong Kong from Chiuchow shortly before the Japanese occupation of the territory began in 1942. He entered the property business and subsequently banking in 1948, working from an office on Wing Lok Street in Western. In 1955 the company became a savings bank with branches.[1]

It suffered a bank run for several days from 14 June 1961, which managing director Liu Po-sang blamed on "malicious rumours by rivals". The rumours said that the bank was under police investigation.[2] The panic partially subsided by 17 June 1961 after the Hong Kong Police affirmed that there was no such investigation and after the Chartered Bank and Hongkong and Shanghai Banking Corporation released a joint statement attesting to the bank's integrity.[3] Some of Liu's sons – including Liu Lit-mo, Liu Lit-man, and Liu Lit-for – helped the bank weather the crisis.[4] The elder Liu died on 23 July 1961 at the age of 61.[5]

In 1972 the bank had nine branches and assets of HK$372 million.[6] It had grown to 19 branches by 1978.[7] Liu Chong Hing Bank was spun off from its parent Liu Chong Hing Investment in 1994. The Liu family is split up into three groups, each group under the main figures in the company.

On 29 November 2006, the shareholders of the Liu Chong Hing Bank agreed to change the name of the bank to Chong Hing Bank Limited effective 23 December 2006, to decrease the family business image of the bank.

In 2013 it was announced that Chong Hing Bank would be acquired by the Chinese state-owned Yue Xiu Group, the investment arm of the Canton municipal government.[8][9][10]

The acquisition was completed on 14 February 2014.[11] Yue Xiu Financial Holdings Limited (wholly owned by Guangzhou Yue Xiu Holdings Limited) now owns 75 per cent of the Chong Hing Bank. The bank dropped its previous logo, a stylised red "CH", which stood for Chong Hing. In its place it adopted the logo of Yue Xiu, a golden ligature of the letters "YE", which stand for Yue Xiu Group and the word "excellent", respectively.[12]

Margaret Leung was replaced as CEO by Zong Jianxin on 19 April 2017.[13]

Branches

The main branch is located on Des Voeux Road Central in Central, Hong Kong. As of March 2018, the bank has nine branches on Hong Kong Island, 16 in Kowloon, and 14 branches in the New Territories – bringing the total number of branches in Hong Kong to 39. It also has a small number of locations in China as well as an office in San Francisco.[14]

References

1. ^{{cite news|title=HK bank's rise from small start|work=South China Morning Post|date=5 December 1973|page=26}}
2. ^{{cite news|title=Another heavy run on local Chinese bank|work=South China Morning Post|date=16 June 1961|page=1}}
3. ^{{cite news|title=Run on bank subsides|work=South China Morning Post|date=17 June 1961|page=1}}
4. ^{{cite news|last1=Nguy|first1=Dominique|title=Investment boss dies|url=http://www.thestandard.com.hk/section-news.php?id=185602&sid=2|work=The Standard|date=27 July 2017}}
5. ^{{cite news|title=Liu Chong Hing Bank chief dies|work=South China Morning Post|date=24 July 1961|page=1}}
6. ^{{cite news|title=Bank reports profit of $10 million|work=South China Morning Post|date=31 May 1972|page=29}}
7. ^{{cite news|title=Construction hopes high|work=South China Morning Post|date=7 June 1978|page=31}}
8. ^{{cite news|title=Mainland state owned firm to buy Chong Hing Bank: report|url=http://www.thestandard.com.hk/breaking_news_detail.asp?id=39598|work=The Standard|date=7 August 2013|archiveurl=https://web.archive.org/web/20140811104656/http://www.thestandard.com.hk/breaking_news_detail.asp?id=39598|archive-date=11 August 2014}}
9. ^{{cite news|last1=Li|first1=Kanis|title=Doubts over Yue Xiu's 'expensive' acquisition of Chong Hing Bank|url=http://www.scmp.com/business/banking-finance/article/1339202/doubts-over-yue-xius-expensive-acquisition-chong-hing-bank|work=South China Morning Post|date=25 October 2013}}
10. ^{{cite news|last1=Thomas|first1=Denny|title=China's Yue Xiu to buy Hong Kong's Chong Hing Bank for $1.5 billion|url=https://www.reuters.com/article/us-hong-kong-chonghing/chinas-yue-xiu-to-buy-hong-kongs-chong-hing-bank-for-1-5-billion-idUSBRE99O0OK20131025|agency=Reuters|date=25 October 2013}}
11. ^{{cite web|title=Bank Profile|url=http://www.chbank.com/en/about-ch-bank/profile/index.shtml|publisher=Chong Hing Bank|accessdate=20 March 2018}}
12. ^{{cite web|title=Change of Logo|url=http://www.chbank.com/en/about-ch-bank/news-releases/news_20140807.shtml|publisher=Chong Hing Bank|date=7 August 2014}}
13. ^{{cite news|last1=Nguy|first1=Dominique|title=Chong Hing changes CEO|url=http://www.thestandard.com.hk/section-news.php?id=181948|work=The Standard|date=19 April 2017}}
14. ^{{cite web|title=Branches & Service Centres|url=http://www.chbank.com/en/about-ch-bank/service-network/index.shtml|publisher=Chong Hing Bank|accessdate=20 March 2018}}

External links

{{commons category|Chong Hing Bank}}
  • {{official website|http://www.chbank.com/}}
  • Investment website
{{-}}

5 : Banks of Hong Kong|Banks established in 1948|1948 establishments in Hong Kong|Companies listed on the Hong Kong Stock Exchange|Mitsubishi UFJ Financial Group

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