|
ICBC (Asia)
The Industrial and Commercial Bank of China (Asia), abbreviated as ICBC (Asia), is a licensed bank incorporated in Hong Kong. It is a subsidiary of the Industrial and Commercial Bank of China. History On 21 August 2000, ICBC acquired the Union Bank of Hong Kong, which was founded in Hong Kong in 1964 and traded on the Hong Kong Stock Exchange since 1973. The bank was renamed as ICBC (Asia) after the acquisition by ICBC in July 2001. On 30 April 2004, ICBC (Asia) acquired the retail banking business (but not the wholesale banking business) of Fortis Bank Asia HK from Fortis (finance), Fortis. Fortis Bank Asia became a wholly owned subsidiary of ICBC (Asia) and reverted to its earlier name, Belgian Bank. On 10 October 2005, all Belgian Bank's branches were rebranded as ICBC (Asia). This merger has resulted in ICBC (Asia) rising to the position of being the sixth largest bank on the Hong Kong Stock Exchange, from its former position of tenth. In November 2010, the company said it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Banking
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate banking). Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term ''commercial bank'' is used for a ''normal'' bank to distinguish it from an investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks to capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a bank or a division of a bank that deals mostly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 2001
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Hong Kong
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Hong Kong
Hong Kong maintains a three-tier system of deposit-taking institutions, i.e. licensed banks, restricted licence banks and deposit-taking companies. They are collectively known as “authorized institutions” supervised by the Hong Kong Monetary Authority (HKMA). As one of the top five financial centres worldwide, Hong Kong has one of the highest concentrations of banking institutions in the world, with 70 of the largest 100 banks in the world having an operation in Hong Kong. As of 2019, there were 164 licensed banks, 17 restricted licence banks and 13 deposit-taking companies in business, constituting a total of 194 authorized institutions. In addition, there are 42 local representative offices of foreign banks in Hong Kong. Licensed banks Only licensed banks may operate Transactional account, current and Savings account, savings accounts, accept deposits of any size and Maturity (finance), maturity from the public, and pay or collect cheques drawn, or paid in, by customers. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Listing (finance)
In corporate finance, a listing refers to the company's shares being on the list (or board) of stock that are publicly listed. Some stock exchanges allow shares of a foreign company to be listed and may allow dual listing, subject to conditions. Normally the issuing company is the one that applies for a listing but in some countries an exchange can list a company, for instance because its stock is already being traded via informal channel Stocks whose market value and/or turnover fall below critical levels may be delisted by the exchange. Delisting often arises from a merger or takeover, or the company going private. Requirements Each stock exchange has its own 'listing requirements'' or rules. Initial listing requirements usually include supplying a history of a few years of financial statements (not required for "alternative" markets targeting young firms); a sufficient size of the amount being placed among the general public (the free float), both in absolute terms and a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Belgian Bank
{{Disambiguation ...
Belgian may refer to: * Something of, or related to, Belgium * Belgians, people from Belgium or of Belgian descent * Languages of Belgium, languages spoken in Belgium, such as Dutch, French, and German *Ancient Belgian language, an extinct language formerly spoken in Gallia Belgica *Belgian Dutch or Flemish, a variant of Dutch *Belgian French, a variant of French *Belgian horse (other), various breeds of horse *Belgian waffle, in culinary contexts * SS ''Belgian'', a cargo ship in service with F Leyland & Co Ltd from 1919 to 1934 *''The Belgian'', a 1917 American silent film See also * *Belgica (other) *Belgic (other) Belgic may refer to: * an adjective referring to the Belgae, an ancient confederation of Celto-Germanic tribes * a rarer adjective referring to the Low Countries or to Belgium * , several ships with the name * Belgic ware, a type of pottery * Bel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortis (finance)
Fortis N.V./S.A., was a Benelux-centered global financial services group active in insurance, banking and investment management, initially formed in 1990 by a three-way Belgian-Dutch merger and headquartered in Brussels. It grew rapidly through multiple acquisitions, and in 2007 was the 20th largest financial services business in the world by revenue. It was listed on the Euronext, Euronext Brussels, Euronext, Euronext Amsterdam, and Luxembourg Stock Exchange, Luxembourg stock exchanges. Fortis encountered severe problems in the 2008 financial crisis, not least as a consequence of participating in 2007 in the joint acquisition of ABN AMRO together with Royal Bank of Scotland Group and Banco Santander. It received an emergency bailout from the governments of Belgium and the Netherlands and was broken up soon thereafter. As a consequence: * Fortis Bank Nederland was nationalisation, nationalised by the Dutch government and merged in July 2010 with ABN AMRO's former Dutch operation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortis Bank Asia HK
Fortis may refer to: Business * Fortis (Swiss watchmaker), a Swiss watch company * Fortis Films, an American film and television production company founded by actress and producer Sandra Bullock * Fortis Healthcare, a chain of hospitals in India * Fortis Inc., a Canadian utility holding company * Fortis Group, a defunct banking, financial services, and insurance company, based in the Benelux or their successors: ** Ageas, formed from the insurance operations of Fortis ** ASR Nederland, formed from the Dutch insurance operations of Fortis ** BNP Paribas Fortis, formed from the Belgian banking operations of Fortis, now owned by BNP Paribas ** ABN AMRO, formed from the Netherlands banking operations of Fortis, now owned by the Dutch government ** BGL BNP Paribas, formed from the Luxembourg banking operations of Fortis, now owned by BNP Paribas People * Alberto Fortis (1741–1803), Venetian writer, naturalist and cartographer * Alberto Fortis (musician) (born 1955), Italian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market capitalization as of August 2024. The exchange plays a crucial role in connecting international investors with Mainland China, mainland Chinese companies, serving as a major platform for capital raising. Unlike Chinese stock exchanges (other), mainland Chinese exchanges, it operates under Hong Kong’s distinct regulatory framework, which allows greater access to foreign investors. The stock exchange is owned (through its subsidiary Stock Exchange of Hong Kong Limited) by Hong Kong Exchanges and Clearing, Hong Kong Exchanges and Clearing Limited (HKEX), a holding company that it also lists () and that in 2021 became the world's largest bourse operator in terms of market capitalization, surpassing Chicago-based CME Group, CME. A 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Bank Of Hong Kong
The Union Bank of Hong Kong (Former stock code: )(Traditional Chinese: 香港友聯銀行) was a bank in Hong Kong. It became the Industrial and Commercial Bank of China (Asia) (Traditional Chinese: 中國工商銀行 (亞洲)). The bank was established in Hong Kong in 1964 and was listed on the Hong Kong Stock Exchange in 1973. In 1984, due to negative rumours, there was a bank run causing a great drop in cash flow from HK$2.1 billion to HK$710 million. This resulted in the resignation of the bank's board of directors. In 1986, the British Hong Kong Government decided to "administratively" take over the bank. Chinese state-owned China Merchants Group acquired the bank in the same year. In 2000, the bank was sold to the Industrial and Commercial Bank of China, the largest bank in China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by populat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
