The Macau Chinese Bank, Limited (Traditional Chinese: 澳門華人銀行有限公司), or Banco Chinês de Macau, S.A. in Portuguese

Portuguese language

Portuguese is a Romance language that arose in the medieval Kingdom of Galicia, nowadays Galicia and Northern Portugal. The southern part of the Kingdom of Galicia became independent as the County of Portugal in 1095...

, is a 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:...

 in Macau

Macau

Macau , also spelled Macao , is, along with Hong Kong, one of the two special administrative regions of the People's Republic of China...

.

The bank was formerly known as Finibanco (Macau) (Traditional Chinese: 富利銀行有限公司). But it was acquired by Winwise Holdings Limited, the subsidiary

Subsidiary

A 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 Hongkong Chinese Limited from 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...

, in 2002 and renamed as The Macau Chinese Bank, Limited. In 2007, Value Convergence Holdings, a subsidiary of Melco International Development

Melco International Development

Melco International Development Limited , formerly The Macao Electric Lighting Company Limited, is one of the 100 oldest companies in Hong Kong. It was founded in 1910 and was among the first 100 companies established in Hong Kong. It was listed on the Hong Kong Stock Exchange in 1927...

, signed an agreement

Contract

A contract is an agreement entered into by two parties or more with the intention of creating a legal obligation, which may have elements in writing. Contracts can be made orally. The remedy for breach of contract can be "damages" or compensation of money. In equity, the remedy can be specific...

 to acquire 60% stake of Macau Chinese Bank. However in 2008, Value Convergence Holdings declared to give up the acquisition because Monetary Authority of Macao

Monetary Authority of Macao

The Monetary Authority of Macao is a regulatory institution established on December 20, 1999, upon the transfer of the sovereignty of Macau from Portugal to the People's Republic of China as the Macau Special Administrative Region .- History :...

 did not agree it before the agreement expiry date.