Company Overview of Bank of China (Hong Kong) Limited
Bank of China (Hong Kong) Limited provides banking and related financial services to individual and corporate customers primarily in Hong Kong and Mainland China. It operates in three segments: Personal Banking, Corporate Banking, and Treasury. The company offers current, saving, and time deposits; mortgage, business, and personal loans; wealth management products; integrated account services; personal life insurance; mandatory provident fund schemes; credit cards; remittance services; capital investment entrant schemes; payment and autopay services; e-bill services; trust services; safe deposit boxes; gift cheques; and Internet, phone, and mobile banking services. It also provides commercia...
Bank of China Tower
1 Garden Road
Founded in 1964
Key Executives for Bank of China (Hong Kong) Limited
Vice Chairman, Chief Executive and Member of Strategy & Budget Committee
Chief Risk Officer and Executive Director
Compensation as of Fiscal Year 2015.
Bank of China (Hong Kong) Limited Key Developments
Tencent Holdings Reportedly Seeks Funds
Apr 18 16
Tencent Holdings Limited (SEHK:700) is in talks with banks to raise at least $2 billion in a syndicated loan, said sources. Tencent Holdings seeks to raise funds for more acquisitions and expand into new areas such as financial services. The sources said Tencent was seeking a bullet loan of between $1.5 billion and $2 billion for general corporate purposes. They added that it is expected to use the same group of banks as the previous loan, Australia & New Zealand Banking Group Limited (ASX:ANZ), Bank of China (Hong Kong) Limited, Citigroup Inc. (NYSE:C), HSBC Bank (China) Company Limited and Mizuho Bank (China) Ltd., which were the mandated lead arrangers and bookrunners. Tencent’s new loan, expected to close by next month, would likely help finance more acquisitions as well as the company’s continued expansion in financial services, the sources said.
BOC Hong Kong Holdings Ltd. and Bank of China (Hong Kong) Limited Announce Executive Changes
Oct 20 15
The Board of Directors of the BOC Hong Kong Holdings Ltd. (Company) announced that Mr. Ren Deqi has been appointed as Non- executive Director, Chairman of the Strategy and Budget Committee and member of the Risk Committee of the Company and its principal operating subsidiary, Bank of China (Hong Kong) Limited (the "Bank"); and Mr. Xu Luode has been appointed as Non-executive Director, member of each of the Remuneration Committee and the Strategy and Budget Committee of the Company and the Bank, all took effect from 20 October 2015. Mr. Ren Deqi, is the Executive Vice President of Bank of China Limited since July 2014. Prior to joining Bank of China in May 2014, Mr. Ren worked in China Construction Bank for many years and held various positions. From October 2013 to May 2014, he served as General Manager of Risk Management Department of CCB. Mr. Xu Luode, is the Executive Vice President of Bank of China since June 2015. Prior to joining Bank of China in April 2015, Mr. Xu served as Chairman of Shanghai Gold Exchange from August 2013 to April 2015. From August 2007 to August 2013, he served as the Vice Chairman of the Board of Directors and President of China UnionPay Limited.
China Cinda Asset Management Eyes Acquisition Of Nanyang Commercial Bank
Aug 26 15
China Cinda Asset Management Co., Ltd. (SEHK:1359) is seeking the acquisition of ; Nanyang Commercial Bank Limited from Bank of China (Hong Kong) Limited. In the auction held on August 25, 2015 China Cinda Asset Management emerged as the sole bidder. According to sources, it will pay near the reserve price of HKD 68 billion. China Resources (Holdings) Co.,Ltd. and Yuexiu Enterprises (Holdings) Limited, owner of Hong Kong's Chong Hing Bank Ltd, were among suitors weighing binding offers for Nanyang.
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