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February 14, 2016 2:40 PM ET

Banks

Company Overview of Bank of China (Hong Kong) Limited

Company Overview

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 deposit products, such as current, savings time deposits; mortgage, business, and personal loans; wealth management products; integrated account service; personal life insurance; mandatory provident fund scheme; credit cards; remittance services; capital investment entrant scheme; autopay and trust services; safe deposit boxes; gift cheques; and Internet, phone, and mobile banking services. It also provides commercial financing, mach...

Bank of China Tower

14th Floor

1 Garden Road

Hong Kong,  

Hong Kong

Founded in 1964

14,690 Employees

Key Executives for Bank of China (Hong Kong) Limited

Vice Chairman, Chief Executive, Member of Strategy & Budget Committee and Member of Risk Committee
Age: 58
Chief Financial Officer
Age: 44
Chief Operating Officer
Age: 56
Deputy Chief Executive
Age: 60
Deputy Chief Executive
Age: 55
Compensation as of Fiscal Year 2015.

Bank of China (Hong Kong) Limited Key Developments

BOC Hong Kong Holdings Ltd. and Bank of China (Hong Kong) Limited Announce Executive Changes

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

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.

China Resources Holdings To Reportedly Bid For Nanyang Commercial Bank

China Resources (Holdings) Co.,Ltd. is joining the bidding to acquire Nanyang Commercial Bank Limited from Bank of China (Hong Kong) Limited, people with knowledge of the matter said. China Resources is among suitors weighing binding offers for Nanyang Commercial by the August 2015 deadline, according to the people. It is vying with China Cinda Asset Management Co., Ltd. (SEHK:1359), which is also considering a bid, the people said, asking not to be identified as the information is private. China Resources expressed interest in Nanyang early in the sale process, though it wasn’t as active in later rounds, according to two of the people. It’s still allowed to come back now and make a binding offer under the terms of the auction, the two people said. There’s no certainty China Resources and Cinda will proceed, and other bidders could still join the process, according to the people. Representatives for Bank of China (Hong Kong) and Cinda declined to comment, while a spokeswoman for China Resources said she couldn’t immediately comment.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 18, 2015
Nanyang Commercial Bank Limited
 

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