The Bank of China (Hong Kong) (BOCHK) is the second largest commercial
banking group in Hong Kong in terms of assets and customer deposits,
with more than 300 branches in Hong Kong. It was established on
October 1, 2001 from a merger of 12 subsidiaries and associates of the
Bank of China in Hong Kong, and listed on the Hong Kong Stock Exchange
in October 2002. As of the end of 2003, the bank had HK$763 billion in
assets and earned net profit of HK$8 billion in 2003. BOCHK is one of
the three banks which issue banknotes for Hong Kong, the biggest
member and a founder of the JETCO ATM and payment system, and the
designated clearing bank in Hong Kong for transactions involving the
renminbi, Mainland China's currency. It is legally separate from its
parent, Bank of China (BOC), although they maintain close relations in
management and administration and cooperate in several areas including
reselling BOC's insurance and securities services. It also shares its
Hong Kong headquarters, the Bank of China Tower, with its parent;
completed in 1988, this was the first building outside of the US to
exceed 1,000 feet in height and recognised for its distinctive
architecture.
Read the rest of this article:
http://en.wikipedia.org/wiki/Bank_of_China_%28Hong_Kong%29
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Today's selected anniversaries:
1581:
Francis Drake completed a circumnavigation of the globe.
(
http://en.wikipedia.org/wiki/Francis_Drake)
1949:
Twelve nations signed the North Atlantic Treaty, creating NATO.
(
http://en.wikipedia.org/wiki/NATO)
1968:
Martin Luther King, Jr. was assassinated.
(
http://en.wikipedia.org/wiki/Martin_Luther_King%2C_Jr.)
1976:
Norodom Sihanouk abdicated from the role of leader of Cambodia, and is
arrested by Khmer Rouge.
(
http://en.wikipedia.org/wiki/Norodom_Sihanouk)
1979:
President Zulfikar Ali Bhutto of Pakistan was executed.
(
http://en.wikipedia.org/wiki/Zulfikar_Ali_Bhutto)
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Wikiquote of the day:
It is possible and imperative that we learn A brave and startling
truth... When we come to it We must confess that we are the
possible We are the miraculous, the true wonders of this world That
is when, and only when We come to it. -- Maya Angelou --
(
http://en.wikiquote.org/wiki/Maya_Angelou)