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Bank Of East Asia
The Bank of East Asia Limited, often abbreviated to BEA, is a Hong Kong public banking and financial services company headquartered in Central, Hong Kong, Central, Hong Kong. It is currently the largest independent local Hong Kong bank, and one of two remaining family-run Hong Kong banks, with the other being Dah Sing Bank. It continues to be run by the 3rd and 4th generations of the Li Shek-pang family, Li family. It was incorporated as a Public company, publicly listed bank in Hong Kong on 14 November 1918, and officially opened for business on 4 January 1919, by a group of local Hong Kong Chinese businessmen who "not only understood modern banking, but the needs of modern Chinese business." Essentially, it aimed to serve local Hong Kong citizens and businesses who were currently underserved by the large British banks and small, unorganized, and often unincorporated local Hong Kong moneylenders. By the 1930s, BEA was considered the most influential local Hong Kong bank in th ... [...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] |
Li Shek-pang Family
Li, li, or LI may refer to: Businesses and organizations * Landscape Institute, a British professional body for landscape architects * Leadership Institute, a non-profit organization located in Arlington, Virginia, US, that teaches "political technology." * Li Auto (Nasdaq: LI), a Chinese manufacturer of electric vehicles * Liberal International, a political federation for liberal parties * Linux International, an international non-profit organization * Lyndon Institute, an independent high school in the U.S. state of Vermont * The Light Infantry, a British Army infantry regiment Names * Li (surname), including: ** List of people with surname Li ** Li (surname 李), one of the most common surnames in the world ** Li (surname 黎), the 84th most common surname in China ** Li (surname 栗), the 249th most common surname in China ** Li (surname 利), the 299th most common surname in China ** Li (surname 厉), a Chinese surname ** Li (surname 郦), a Chinese surname * Li Anders ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital Adequacy Ratio
Capital Adequacy Ratio (CAR) also known as Capital to Risk (Weighted) Assets Ratio (CRAR), is the ratio of a bank's capital to its risk. National regulators track a bank's CAR to ensure that it can absorb a reasonable amount of loss and complies with statutory Capital requirements. It is a measure of a bank's capital. It is expressed as a percentage of a bank's risk-weighted credit exposures. The enforcement of regulated levels of this ratio is intended to protect depositors and promote stability and efficiency of financial systems around the world. Two types of capital are measured: * tier one capital, which can absorb losses without a bank being required to cease trading; and * tier two capital, which can absorb losses in the event of a winding-up and so provides a lesser degree of protection to depositors. Formula Capital adequacy ratios (CARs) are a measure of the amount of a bank's core capital expressed as a percentage of its risk-weighted asset. Capital adequacy rat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Pacific Bank
First Pacific Bank Limited was a bank based in Hong Kong. It was a wholly owned subsidiary of the investment holding company FPB Bank Holding Company Limited (FPB Bank Holdco). Its headquarters were in the First Pacific Bank Centre in Wan Chai.Company Profile " First Pacific Bank. 22 November 2000. . " First Pacific Bank Limited. 17 June 2000. "Principal Office: 22/F, First Pacific Bank Centre 56 Gloucester Road Hong Kong" The company's major shareholders were First Pacific Company Limited (FP Company) and MIMET FOTIC Investment Limited (MIMET FOTIC). The company was incorporated in |
Sino-British Joint Declaration
The Sino-British Joint Declaration was a treaty between the governments of the United Kingdom and People's Republic of China signed in 1984 setting the conditions in which Hong Kong was transferred to Chinese control and for the governance of the territory after 1 July 1997. Hong Kong had been a colony of the British Empire since 1842 after the First Opium War and its territory was expanded on two occasions; first in 1860 with the addition of Kowloon Peninsula and Stonecutters Island, and again in 1898 when Britain obtained a 99-year lease for the New Territories. The date of the handover in 1997 marked the end of this lease. The Chinese government declared in the treaty its basic policies for governing Hong Kong after the transfer. A special administrative region would be established in the territory that would be self-governing with a high degree of autonomy, except in foreign affairs and defence. Hong Kong would maintain its existing governing and economic systems s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hang Seng Bank
Hang Seng Bank Limited () is a Hong Kong–based banking and financial services company with headquarters in Central, Hong Kong. It is one of Hong Kong's leading public companies in terms of market capitalisation and is part of the HSBC Group, which holds a majority equity interest in the bank. Hang Seng Bank is a commercial bank whose major business activities include retail banking, wealth management, commercial banking, treasury services, and private banking. Hang Seng Bank operates a network of around 260 service outlets in Hong Kong. It also has a wholly owned subsidiary in mainland China, Hang Seng Bank (China) Limited, which has a network of 46 branches and sub branches. It established the Hang Seng Index as a public service in 1969 and this stock market index is now generally known as the primary indicator of the Hong Kong stock market. History In 1933, business partners Lam Bing Yim ( 林炳炎), Ho Sin Hang, Sheng Tsun Lin ( 盛春霖), and Leung Chik Wai ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Run
A bank run or run on the bank occurs when many Client (business), clients withdraw their money from a bank, because they believe Bank failure, the bank may fail in the near future. In other words, it is when, in a fractional-reserve banking system (where banks normally only keep a small proportion of their assets as cash), numerous customers withdraw cash from deposit accounts with a financial institution at the same time because they believe that the financial institution is, or might become, insolvency, insolvent. When they transfer funds to another institution, it may be characterized as a capital flight. As a bank run progresses, it may become a self-fulfilling prophecy: as more people withdraw cash, the likelihood of default increases, triggering further withdrawals. This can destabilize the bank to the point where it runs out of cash and thus faces sudden bankruptcy. To combat a bank run, a bank may acquire more cash from other banks or from the central bank, or limit the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chinese Civil War
The Chinese Civil War was fought between the Kuomintang-led Nationalist government, government of the Republic of China (1912–1949), Republic of China and the forces of the Chinese Communist Party (CCP). Armed conflict continued intermittently from 1 August 1927 until Communist victory resulted in their total control over mainland China on 7 December 1949. The war is generally divided into two phases with an interlude: from August 1927 to 1937, the First United Front alliance of the KMT and CCP collapsed during the Northern Expedition, and the Nationalists controlled most of China. From 1937 to 1945, hostilities were mostly put on hold as the Second United Front fought the Second Sino-Japanese War, Japanese invasion of China with eventual help from the Allies of World War II. However, armed clashes between the groups remained common. Exacerbating the divisions within China further was the formation of the Wang Jingwei regime, a Japan-sponsored puppet government led by Wang ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japanese Occupation Of Hong Kong
The Japanese occupation of Hong Kong began when the governor of Hong Kong, Mark Aitchison Young, surrendered the British Crown colony of British Hong Kong, Hong Kong to the Empire of Japan on 25 December 1941. His surrender occurred after Battle of Hong Kong, 18 days of fierce fighting against the Imperial Japanese Army, Japanese forces that invaded the territory.Snow, Philip (2004). ''The fall of Hong Kong: Britain, China and the Japanese occupation''. Yale University Press. .Mark, Chi-Kwan. (2004). ''Hong Kong and the Cold War: Anglo-American relations 1949–1957''. Oxford University Press. . p. 14. The occupation lasted for three years and eight months until Surrender of Japan, Japan surrendered at the end of the World War II, Second World War. The length of the period (, ) later became a metonym of the occupation. Background Imperial Japanese invasion of China During the Imperial Japanese military's Second Sino-Japanese war, full-scale invasion of China in 1937, Hong ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Second Sino-Japanese War
The Second Sino-Japanese War was fought between the Republic of China (1912–1949), Republic of China and the Empire of Japan between 1937 and 1945, following a period of war localized to Manchuria that started in 1931. It is considered part of World War II, and often regarded as the beginning of World WarII in Asia. It was the largest Asian war in the 20th century and has been described as The Asian Holocaust, in reference to the scale of Japanese war crimes against Chinese civilians. It is known in China as the War of Resistance against Japanese Aggression. On 18 September 1931, the Japanese staged the Mukden incident, a false flag event fabricated to justify their Japanese invasion of Manchuria, invasion of Manchuria and establishment of the puppet state of Manchukuo. This is sometimes marked as the beginning of the war. From 1931 to 1937, China and Japan engaged in skirmishes, including January 28 incident, in Shanghai and in Northern China. Chinese Nationalist and C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industrial And Commercial Bank Of China
The Industrial and Commercial Bank of China (ICBC; zh, 中国工商银行) is a Chinese partially state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is the largest of the " big four" banks in China, and the largest bank in the world by total assets. ICBC was created on from what were then the commercial banking operations of the People's Bank of China. ICBC is majority-owned by the Chinese government and has remained so after its landmark initial public offering in 2006. As end of 2021, ICBC shareholders included Central Huijin Investment (34.7 percent), the Chinese Ministry of Finance (31.1 percent), the National Council for Social Security Fund (3.5 percent), adding up to 69.3 percent under the ultimate control of the Ministry of Finance. ICBC became the world's largest bank by total assets in 2012 (based on year-end balance sheet) and has kept this rank ever since.Francis Garrido & Saqib Chaudhry (2019) The world's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Handover Of Hong Kong
The handover of Hong Kong from the United Kingdom to the People's Republic of China was at midnight on 1 July 1997. This event ended 156 years of British rule in the former colony, which began in 1841. Hong Kong was established as a special administrative region of China (SAR) for 27 years, maintaining its own economic and governing systems from those of mainland China during this time, although influence from the central government in Beijing increased after the passing of the Hong Kong national security law in 2020. Hong Kong had been a colony of the British Empire since 1841, except for four years of Japanese occupation from 1941 to 1945. After the First Opium War, its territory was expanded in 1860 with the addition of Kowloon Peninsula and Stonecutters Island, and in 1898, when Britain obtained a 99-year lease for the New Territories. The date of the handover in 1997 marked the end of this lease. The 1984 Sino-British Joint Declaration had set the conditions unde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
