Hongkong Chinese Bank
| Company type | Private |
|---|---|
| Industry | Banking, Financial services |
| Founded | 1954 in Hong Kong |
| Founder | Sir Sik-nin Chau |
| Defunct | 2002 |
| Fate | Acquired and integrated into CITIC Ka Wah Bank |
| Headquarters | Hong Kong , Hong Kong |
| Owner | HKCB Bank Holding Company Limited (majority owned by Lippo China Resources and China Resources Enterprise) |
Hongkong Chinese Bank Limited (HKCB) (Traditional Chinese: 香港華人銀行有限公司) was a financial institution based in Hong Kong, owned by HKCB Bank Holding Company Limited (HKEX: 655). The majority ownership of this holding company was held by a partnership between the publicly listed firms Lippo China Resources and China Resources Enterprise. Eventually, HKCB was acquired and integrated into CITIC Ka Wah Bank. Notably, it was among the pioneering banks in Hong Kong to implement digital signature technology provided by Hongkong Post.
History
- 1954: Established in Hong Kong by Sir Sik-nin Chau.
- 1998: A 50% interest in Lippo CRE (Financial Services) Limited, the parent company of HKCB Bank Holding Company Limited, was purchased by China Resources Enterprise.
- January 2002: Hongkong Chinese Bank was acquired by CITIC Ka Wah Bank for HK$4.2 billion.
- November 2002: The consolidation between CITIC Ka Wah Bank and Hongkong Chinese Bank was finalized. Subsequently, CITIC Ka Wah Bank transitioned into a financial holding entity known as CITIC International Financial Holdings Limited, and Hongkong Chinese Bank was rebranded as CITIC Ka Wah Bank Limited.