Hong Kong Note Printing Limited
Encyclopedia
Hong Kong Note Printing Limited prints the bank notes of all the three note-issuing banks in Hong Kong
.
The banknote printing plant was founded in 1984 by Thomas De La Rue
in Tai Po
. In April 1996, the Hong Kong Government purchased the plant through the Exchange Fund, and operated it under the current name. In March 1997, the Government sold 15% of the Company's issued share capital to the China Banknote Printing and Minting Corporation
(CBPMC).
In October the same year, the Government sold 10% of the company's issued share capital to each of the three note-issuing banks in Hong Kong (total 30%), namely The Hongkong and Shanghai Banking Corporation Limited
, the Standard Chartered Bank
(now Standard Chartered Bank (Hong Kong)
), and the Hong Kong Branch
of the Bank of China
(now Bank of China (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...
.
The banknote printing plant was founded in 1984 by Thomas De La Rue
De La Rue
De La Rue plc is a British security printing, papermaking and cash handling systems company headquartered in Basingstoke, Hampshire. It also has a factory on the Team Valley Trading Estate, Gateshead, and other facilities at Loughton, Essex and Bathford, Somerset...
in Tai Po
Tai Po
Tai Po is an area in the New Territories of Hong Kong. It refers to the vicinity of the traditional market towns in the area presently known as Tai Po Old Market or Tai Po Kau Hui and the Tai Wo Town on the other side of the Lam Tsuen River, near the old Tai Po Market Station of the...
. In April 1996, the Hong Kong Government purchased the plant through the Exchange Fund, and operated it under the current name. In March 1997, the Government sold 15% of the Company's issued share capital to the China Banknote Printing and Minting Corporation
China Banknote Printing and Minting Corporation
China Banknote Printing and Minting Corporation , is a state-owned corporation which carries out the minting of all renminbi coins and printing of renminbi banknotes for the People's Republic of China headquartered in Beijing....
(CBPMC).
In October the same year, the Government sold 10% of the company's issued share capital to each of the three note-issuing banks in Hong Kong (total 30%), namely The Hongkong and Shanghai Banking Corporation Limited
Hongkong and Shanghai Banking Corporation
The Hongkong and Shanghai Banking Corporation Limited is a prominent bank established and based in Hong Kong since 1865 when Hong Kong was a colony of the British Empire. It is the founding member of the HSBC Group and since 1990 is now a wholly owned subsidiary of HSBC Holdings plc...
, the Standard Chartered Bank
Standard Chartered Bank
Standard Chartered PLC is a multinational financial services company headquartered in London, United Kingdom with operations in more than seventy countries...
(now Standard Chartered Bank (Hong Kong)
Standard Chartered Bank (Hong Kong)
Standard Chartered Bank Limited is a licensed bank incorporated in Hong Kong, part of Standard Chartered Bank...
), and the Hong Kong Branch
Bank of China (Hong Kong)
Bank of China Limited 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 1 October 2001 from a merger of 12 subsidiaries and associates of the Bank of China in Hong Kong, and listed...
of the Bank of China
Bank of China
Bank of China Limited is one of the big four state-owned commercial banks of the People's Republic of China. It was founded in 1912 by the Government of the Republic of China, to replace the Government Bank of Imperial China. It is the oldest bank in China...
(now Bank of China (Hong Kong)
Bank of China (Hong Kong)
Bank of China Limited 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 1 October 2001 from a merger of 12 subsidiaries and associates of the Bank of China in Hong Kong, and listed...
).