CITIC Ka Wah Bank
Encyclopedia
CITIC Bank International(Traditional Chinese: 中信銀行國際)(Former stock code: )(formerly known as CITIC Ka Wah Bank(Traditional Chinese: 中信嘉華銀行)and Ka Wah Bank
)is a Hong Kong
bank
majority owned by CITIC
. It is a subsidiary of CITIC International Financial Holdings.
Ka Wah Bank
Ka Wah Bank Limited was a bank in Hong Kong. It was acquired by CITIC International Financial Holdings and renamed as CITIC Ka Wah Bank Limited .- History :*1922: Ka Wah...
)is a Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
majority owned by CITIC
CITIC
Not to be confused with Citigroup, another large financial services company.Not to be confused with CIT Group, another large financial services company....
. It is a subsidiary of CITIC International Financial Holdings.
History
- 1922: Ka Wah Ngan Ho (Traditional Chinese: 嘉華銀號) was founded in GuangzhouGuangzhouGuangzhou , known historically as Canton or Kwangchow, is the capital and largest city of the Guangdong province in the People's Republic of China. Located in southern China on the Pearl River, about north-northwest of Hong Kong, Guangzhou is a key national transportation hub and trading port...
by Dr. Lam Chi Fung, the founding presidentPresidentA president is a leader of an organization, company, trade union, university, or country.Etymologically, a president is one who presides, who sits in leadership...
of Hong Kong Baptist College. - 1924: Ka Wah Savings Bank Limited (Traditional Chinese: 嘉華儲蓄銀行有限公司) was founded in Hong Kong.
- 1926: Ka Wah Savings Bank Limited was renamed as Ka Wah Bank Public Limited Company (Traditional Chinese: 嘉華銀行公眾有限公司).
- 1949: It was renamed as Ka Wah Bank Limited (Traditional Chinese: 嘉華銀行有限公司).
- 1986: Ka Wah Bank faced financial difficulties, and CITIC Group injected HK$350 million capital into the bank.
- 1998: Ka Wah Bank was renamed as CITIC Ka Wah Bank Limited.
- 2002: CITIC Ka Wah Bank became a whole-owned subsidiarySubsidiaryA subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
of CITIC International Financial Holdings. It acquired and merged with Hongkong Chinese Bank, LimitedHongkong Chinese BankThe Hongkong Chinese Bank Limited was a bank in Hong Kong. It was owned by HKCB Bank Holding Company Limited , a joint venture company owned by the Lippo Group and the China Resources Group. It was acquired and merged to CITIC Ka Wah Bank...
. - 2004: ShanghaiShanghaiShanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
branch was established. - 2005: MacauMacauMacau , also spelled Macao , is, along with Hong Kong, one of the two special administrative regions of the People's Republic of China...
branch was established.
- 2010: CITIC Ka Wah Bank was renamed as CITIC Bank International Limited.