Chekiang First Bank
Encyclopedia
Chekiang First Bank was a bank in Hong Kong. It is now merged to Wing Hang Bank
. At the time of the merger with Wing Hang, Chekiang First Bank had 17 branches in Hong Kong, a wholly owned subsidiary in Luxembourg
, an agency in San Francisco and a representative office in Shanghai. As of 31 December 2002, Chekiang First had total assets of HK$27.8 billion. Wing Hang subsequent re-branded all services under the Wing Hang brand.
Wing Hang Bank
Wing Hang Bank Limited is Hong Kong's sixth biggest bank by total assets. In Macau it is known as Banco Weng Hang S.A. In fiscal 2003, the bank had total assets of HK$89 billion, and net profits of HK$864 million.- History :...
. At the time of the merger with Wing Hang, Chekiang First Bank had 17 branches in Hong Kong, a wholly owned subsidiary in Luxembourg
Luxembourg
Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...
, an agency in San Francisco and a representative office in Shanghai. As of 31 December 2002, Chekiang First had total assets of HK$27.8 billion. Wing Hang subsequent re-branded all services under the Wing Hang brand.
History
- 1907: Founded under the name Chekiang Provincial and Industrial Bank, with headquarters in HangzhouHangzhouHangzhou , formerly transliterated as Hangchow, is the capital and largest city of Zhejiang Province in Eastern China. Governed as a sub-provincial city, and as of 2010, its entire administrative division or prefecture had a registered population of 8.7 million people...
. - 1911: Restructured as Chekiang Bank of the Republic of China .
- 1912: Restructured as the Chekiang Provincial and Industrial Bank .
- 1923: Li Meng converted the bank's Shanghai branch into the Chekiang Industrial Bank , with headquarters in Shanghai, and became its director.
- 1948: Restructured as Chekiang First Bank.
- 1950: Re-established in Hong Kong as Chekiang First Bank of Commerce .
- 1962: Japan's Dai-Ichi Kangyo BankDai-Ichi Kangyo BankThe , abbreviated as , was one of the largest banks in the world during the latter half of the 20th century. It combined with Fuji Bank and the Industrial Bank of Japan in 2000 to form Mizuho Financial Group....
(now the Mizuho Corporate BankMizuho Corporate Bank, or MHCB, is the corporate and investment banking subsidiary of Mizuho Financial Group, the second-biggest Japanese financial services conglomerate...
), acquired a 30% stake in the bank, a stake that eventually it increased to 95%. - 2003: Acquired by Wing Hang Bank.
- 2004: Merged to Wing Hang Bank.