DOCSLIB.ORG

2018 (PDF File, 3.7

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2018 (PDF File, 3.7 Contents Page 2 Corporate Information 3 Report of the Directors 6 Corporate Governance Report 15 Independent Auditor’s Report 18 Consolidated Statement of Profit or Loss 19 Consolidated Statement of Comprehensive Income 21 Consolidated Statement of Financial Position 22 Consolidated Statement of Changes in Equity 23 Consolidated Cash Flow Statement 24 Notes to the Financial Statements 149 Unaudited Supplementary Financial Information 163 List of Branches OCBC WING HANG • Annual Report 2018 1 Corporate Information Board of Directors Remuneration Committee Chairman Mr OOI Sang Kuang Dr FUNG Yuk Bun Patrick JP Mr Samuel N TSIEN Mr TSE Hau Yin Aloysius Executive Directors Mr NA Wu Beng (Chief Executive) Nomination Committee Ms KNG Hwee Tin Mr OOI Sang Kuang Mr Samuel N TSIEN Non-executive Directors Mr TSE Hau Yin Aloysius Mr SOON Tit Koon Mr Samuel N TSIEN Mr Frank John WANG Risk Management Committee Mr CHIM Wai Kin Mr TSE Hau Yin Aloysius Independent Non-executive Directors Mr SOON Tit Koon Mr CHIM Wai Kin Mr OOI Sang Kuang Mr TSE Hau Yin Aloysius Company Secretary Mr LEUNG Chiu Wah Audit Committee Mr TSE Hau Yin Aloysius Auditors Mr CHIM Wai Kin KPMG Mr SOON Tit Koon Certified Public Accountants Registered Office 161 Queen’s Road Central, Hong Kong A subsidiary of Oversea-Chinese Banking Corporation Limited 2 OCBC WING HANG • Annual Report 2018 Report of the Directors The Directors of OCBC Wing Hang Bank Limited (the “Bank”) have pleasure in presenting their report together with the audited consolidated financial statements of the Bank and its subsidiaries (collectively the “Group”) for the year ended 31st December, 2018. Principal Place of Business The Bank is a licensed bank incorporated and domiciled in Hong Kong and has its registered office and principal place of business at 161 Queen’s Road Central, Hong Kong. Principal Activities The Group is engaged in commercial banking and related financial services. The analysis of the principal activities and geographical locations of operations of the Group during the year are set out in notes 18 and 33 to the financial statements. Results and Dividend The results of the Group for the year ended 31st December, 2018 and the state of affairs of the Group and the Bank as at 31st December, 2018 are set out in the financial statements on pages 18 to 148. During the financial year ended 31st December, 2018, the Board declared an interim dividend of HK$1.5 billion (2017: nil) to the sole shareholder of the Bank. The directors did not recommend the payment of final dividend for the year ended 31st December, 2018 (2017: nil). Reserves Profit attributable to shareholder of HK$2,762 million (2017: HK$2,408 million) has been transferred to reserves. Details of the movements in reserves of the Group during the year are set out in the consolidated statement of changes in equity. Major Customers The five largest customers of the Group accounted for less than 30% of the total income of the Group during the year. Tangible Fixed Assets Details of the movements in tangible fixed assets of the Group during the year are set out in note 20 to the financial statements. Share Capital During the year, the Bank did not issue any ordinary shares (2017: nil). Details of the share capital are set out in note 29 to the financial statements. Charitable Donations During the year, the Group made donations for charitable and community purposes amounting to approximately HK$1.3 million (2017: HK$1.4 million). OCBC WING HANG • Annual Report 2018 3 Report of the Directors Directors The Directors of the Bank during the year and up to the date of this report are as follows: Chairman Dr FUNG Yuk Bun Patrick JP Executive Directors Mr NA Wu Beng (Chief Executive) Ms KNG Hwee Tin Non-executive Directors Mr SOON Tit Koon Mr Samuel N TSIEN Mr Frank John WANG (redesignated on 6th October 2018) Independent Non-executive Directors Mr CHIM Wai Kin Mr LAU Hon Chuen Ambrose GBS, JP (retired on 30th April 2018) Mr OOI Sang Kuang Mr TSE Hau Yin Aloysius The List of Directors of the Bank’s subsidiaries is published on the website of the Bank (www.ocbcwhhk.com). In accordance with the Bank’s Articles of Association and the Tenure Policy, Dr FUNG Yuk Bun Patrick and Mr Frank John WANG will retire from office at the coming Annual General Meeting (“AGM”). Dr FUNG being eligible, has offered himself for re-election at the AGM. Mr WANG will not offer himself for re-election at the forthcoming AGM. The Board confirmed that Mr WANG has no disagreement with the Board and there are no matters relating to his retirement that need to be brought to the attention of shareholder of the Bank. Other remaining Directors of the Bank will continue in office. No Director proposed for re-election at the forthcoming AGM has an unexpired service contract with the Bank which is not determinable by the Bank (or any of its subsidiaries) within one year without payment of compensation (other than statutory compensation). Certain directors of the Bank received remuneration from the holding company of the Bank, Oversea-Chinese Banking Corporation Limited (“OCBC”) and related corporations as directors or employees of those companies and were entitled to benefits under the OCBC Share Option Scheme 2001, OCBC Deferred Share Plan and/or OCBC Employee Share Purchase Plan (the “Share-Based Payment Schemes”) administered by OCBC. During the year, Mr NA Wu Beng, Mr Frank John WANG, Ms KNG Hwee Tin and Mr Samuel N TSIEN were granted options or awards under the Share-Based Payment Schemes for the prior performance year. Details of the Share-Based Payment Schemes are set out in note 36 of the financial statements. Apart from the above, at no time during the year was the Bank, or any of its subsidiaries a party to any arrangements to enable the Directors of the Bank to acquire benefits by means of the acquisition of shares in or debentures of the Bank or any other body corporate. 4 OCBC WING HANG • Annual Report 2018 Indemnity of Directors The Bank’s Articles of Association provide that the Directors and officers are entitled to be indemnified out of the funds of the Bank against certain liabilities incurred by them, to the extent permitted by the Companies Ordinance. Directors & Officers Liability Insurance has been arranged to indemnify the directors and officers of the Bank and its subsidiaries. Directors’ interests in transactions, arrangements or contracts No contract of significance to which the Bank, or any of its holding company, subsidiaries or fellow subsidiaries was a party, and in which a director of the Bank had a material interest, whether directly or indirectly, subsisted at the end of the year or at any time during the year. Purchase, Sale or Redemption of the Bank’s Securities There was no purchase, sale or redemption by the Bank or any of its subsidiaries of the Bank’s securities during the year. Retirement Schemes Particulars of the retirement schemes of the Group are set out in note 36 to the financial statements. Corporate Governance The Bank’s corporate governance practices are set out in the Corporate Governance Report. Compliance with the Banking (Disclosure) Rules The financial statements for the year ended 31st December, 2018 comply fully with the applicable disclosure provisions of the Banking (Disclosure) Rules. Auditors KPMG retire and, being eligible, offer themselves for re-appointment. A resolution for the re-appointment of KPMG as auditors of the Bank will be proposed at the coming AGM. On behalf of the Board FUNG Yuk Bun Patrick Chairman Hong Kong, 30th April, 2019 OCBC WING HANG • Annual Report 2018 5 Corporate Governance Report Corporate Governance Practices The Bank has complied with Supervisory Policy Manual CG-1 on Corporate Governance of Locally Incorporated Authorised Institutions (“CG-1”) issued by the Hong Kong Monetary Authority (“HKMA”) throughout the year ended 31st December, 2018. Board of Directors Board Composition Throughout the year, the Board maintained a balanced composition of Executive and Non-executive Directors, including Independent Non-executive Directors. As at the date of this report, the Board comprises nine members, of whom two are Executive Directors. Amongst the seven Non-executive Directors (including the Chairman), three are independent. The independent element on the Board is strong to facilitate independent judgement. Members of the Board are as follows: Chairman Dr FUNG Yuk Bun Patrick JP Executive Directors Mr NA Wu Beng (Chief Executive) Ms KNG Hwee Tin Non-executive Directors Mr SOON Tit Koon Mr Samuel N TSIEN Mr Frank John WANG (redesignated on 6th October 2018) Independent Non-executive Directors Mr CHIM Wai Kin Mr LAU Hon Chuen Ambrose GBS, JP (retired on 30th April 2018) Mr OOI Sang Kuang Mr TSE Hau Yin Aloysius All Directors have no relationship with each other. Each Director possesses skills and experiences appropriate to the business of the Group. The Bank appointed three Independent Non-executive Directors representing at least one-third of the Board in accordance with the requirements under CG-1. 6 OCBC WING HANG • Annual Report 2018 Directors’ Attendance at Board and Board Committee Meetings Attendance records of the Directors at meetings of the Board (“BM”), Audit Committee (“ACM”), Risk Management Committee (“RMCM”), Remuneration Committee (“RCM”) and Nomination Committee (“NCM”) held in 2018 are as follows: Number of meetings attended/held in 2018 Name of Director BM ACM RMCM RCM NCM Dr FUNG Yuk Bun Patrick 4/4 N/A N/A N/A N/A Mr NA Wu Beng (Note 1) 4/4 N/A 1/1 N/A N/A Mr Frank John WANG 4/4 N/A N/A N/A N/A Ms KNG Hwee Tin 4/4 N/A N/A N/A N/A Mr SOON Tit Koon 4/4 4/4 4/4 N/A N/A Mr Samuel N TSIEN 4/4 N/A N/A 1/1 1/1 Mr CHIM Wai Kin 4/4 4/4 4/4 N/A N/A Mr LAU Hon Chuen Ambrose (Note 2) 2/2 2/2 N/A 1/1 1/1 Mr OOI Sang Kuang 4/4 N/A N/A 1/1 1/1 Mr TSE Hau Yin Aloysius 4/4 4/4 4/4 Note 3 Note 3 Note 1: Mr NA Wu Beng ceased to be a member of the Risk Management Committee during the year.
Load more

Recommended publications
  • Annual Report 2019
    OCBC WING HANG BANK ANNUAL REPORT 2019 REPORT ANNUAL Registered Office: 161 Queen’s Road Central, Hong Kong Annual Report Contents Page 2 Corporate Information 3 Report of the Directors 6 Corporate Governance Report 15 Independent Auditor’s Report 18 Consolidated Statement of Profit or Loss 19 Consolidated Statement of Comprehensive Income 21 Consolidated Statement of Financial Position 22 Consolidated Statement of Changes in Equity 23 Consolidated Cash Flow Statement 24 Notes to the Financial Statements 136 Unaudited Supplementary Financial Information 150 List of Branches OCBC WING HANG • Annual Report 2019 1 Corporate Information Board of Directors Remuneration Committee Chairman Mr OOI Sang Kuang Dr FUNG Yuk Bun Patrick JP Mr Samuel N TSIEN Mr TSE Hau Yin Aloysius Executive Director Mr NA Wu Beng (Chief Executive) Nomination Committee Mr OOI Sang Kuang Non-executive Directors Mr Samuel N TSIEN Mr SOON Tit Koon Mr TSE Hau Yin Aloysius Mr Samuel N TSIEN Independent Non-executive Directors Risk Management Committee Mr CHIM Wai Kin Mr CHIM Wai Kin Mr TSE Hau Yin Aloysius Mr OOI Sang Kuang Mr SOON Tit Koon Mr TSE Hau Yin Aloysius Audit Committee Company Secretary Mr LEUNG Chiu Wah Mr TSE Hau Yin Aloysius Mr CHIM Wai Kin Mr SOON Tit Koon Auditors KPMG Certified Public Accountants Registered Office 161 Queen’s Road Central, Hong Kong A subsidiary of Oversea-Chinese Banking Corporation Limited 2 OCBC WING HANG • Annual Report 2019 Report of the Directors The Directors of OCBC Wing Hang Bank Limited (the “Bank”) have pleasure in presenting their report together with the audited consolidated financial statements of the Bank and its subsidiaries (collectively the “Group”) for the year ended 31st December, 2019.
    [Show full text]
  • 2016 Annual Report Contents
    OCBC WING HANG BANK ANNUAL REPORT 2016 2016 Annual Report Contents Page 2 Corporate Information 3 Report of the Directors 6 Corporate Governance Report 15 Independent Auditor’s Report 21 Consolidated Statement of Profit or Loss 22 Consolidated Statement of Comprehensive Income 23 Consolidated Statement of Financial Position 24 Consolidated Statement of Changes in Equity 25 Consolidated Cash Flow Statement 26 Notes to the Financial Statements 133 Unaudited Supplementary Financial Information 151 List of Branches OCBC WING HANG • Annual Report 2016 1 Corporate Information Board of Directors Remuneration Committee Chairman Mr OOI Sang Kuang Dr FUNG Yuk Bun Patrick JP Mr Samuel N TSIEN Mr LAU Hon Chuen Ambrose GBS, JP Executive Directors Mr NA Wu Beng (Chief Executive) Nomination Committee Mr Frank John WANG (Deputy Chief Executive) Mr OOI Sang Kuang Ms KNG Hwee Tin Mr Samuel N TSIEN Mr LAU Hon Chuen Ambrose GBS, JP Non-executive Directors Mr SOON Tit Koon Risk Management Committee Mr Samuel N TSIEN Mr TSE Hau Yin Aloysius Mr NA Wu Beng Independent Non-executive Directors Mr SOON Tit Koon Mr LAU Hon Chuen Ambrose GBS, JP Mr OOI Sang Kuang Company Secretary Mr TSE Hau Yin Aloysius Mr LEUNG Chiu Wah Alternate Director Auditors Mr FUNG Yuk Sing Michael (Alternate Director to KPMG Mr Frank John WANG) Certified Public Accountants Audit Committee Registered Office Mr TSE Hau Yin Aloysius 161 Queen’s Road Central, Hong Kong Mr SOON Tit Koon Mr LAU Hon Chuen Ambrose GBS, JP A subsidiary of Oversea-Chinese Banking Corporation Limited 2 OCBC WING HANG • Annual Report 2016 Report of the Directors The Directors of OCBC Wing Hang Bank Limited (the “Bank”) have pleasure in presenting their report together with the audited consolidated financial statements of the Bank and its subsidiaries (collectively the “Group”) for the year ended 31st December, 2016.
    [Show full text]
  • Payment Methods
    Payment Methods PPS With this service, you can make card payment by transferring funds from any designated bank account in Hong Kong. Simply open a PPS account through a PPS terminal with your ATM card, then, you will be able to register and perform card payment. OCBC Wing Hang PPS merchant code: 63 For more details, please call PPS hotline 900-00-222-329. Autopay Autopay saves your time and eliminates the risk of missing your payment due date. To use this convenient service, all you need is a Hong Kong Dollar savings or current account with any bank in Hong Kong and complete the Direct Debit Authorization Form; and your full or minimum payment will be settled directly from your designated account on the payment due date. Please call our 24-hour customer service hotline 2543 2223 for a Direct Debit Authorization Form. Phone Payment Service If your card account is linked to any OCBC Wing Hang savings or current account, you may settle your payment through our 24-hour customer service hotline 2543 2223. Call before 8:00pm, if same day payment transfer is expected(1). Personal eBanking If you are an OCBC Wing Hang savings or current account holder and registered to use ebanking service, you may settle your payment through Internet, mobile phone or OCBC Wing Hang Telematic Banking Service. Take action before 8:00pm, if same day payment transfer is expected(1). JET Payment With an ATM card from any bank in Hong Kong, you can make card payment at any ATMs with logo. ATM Transfer Use ATM to settle your payment with funds transferred directly from your OCBC Wing Hang account.
    [Show full text]
  • KWIH Secures RMB 500 Million Green Loan from OCBC Wing Hang Bank China
    Press Release [For Immediate Release] KWIH Secures RMB 500 million Green Loan from OCBC Wing Hang Bank China (Hong Kong – 24 May 2021) Shanghai Kai Tong Wen An Development Co., Ltd., a subsidiary of K. Wah International Holdings Limited (“KWIH” or “the Group”) (stock code: 00173) signed a RMB 500 million green loan1 with OCBC Wing Hang Bank (China) Limited ("OCBC Wing Hang China"), a wholly-owned subsidiary of OCBC Bank in China. The first tranche was disbursed today. This marked the Group’s advancement towards its sustainable development goals and its implementation of sustainability initiatives. Funds from this green loan will be used to finance KWIH's new office tower, EDGE, which is located at Suzhou Creek in Jingan District, Shanghai. The office tower was completed in early 2020, with sustainable development at the core of its design concept. Energy saving measures and other environmentally-friendly features include panoramic sky gardens on the middle- and high-levels of the building to improve the air quality and to alleviate the urban heat island effect. Other innovative features include the use of low-reflectivity glass façade to reduce light pollution to the neighbourhood, and the use of rainwater recycling system to irrigate landscape plants. These efforts have resulted in EDGE being recognized as a model of sustainable development within the green building industry. It has been awarded LEED (core and shell) Gold certification by the U.S. Green Building Council. Ms Paddy Lui, Executive Director of KWIH, said: “This loan is KWIH’s first green loan and will support our ambitions in developing green buildings.
    [Show full text]
  • 2020 Annual Report
    OCBC WING HANG BANK ANNUAL REPORT 2020 REPORT ANNUAL Registered Office: 161 Queen’s Road Central, Hong Kong Annual Report Contents Page Corporate Information 2 Report of the Directors 3 Corporate Governance Report 6 Independent Auditor’s Report 15 Consolidated Statement of Profit or Loss 18 Consolidated Statement of Comprehensive Income 19 Consolidated Statement of Financial Position 21 Consolidated Statement of Changes in Equity 22 Consolidated Cash Flow Statement 23 Notes to the Consolidated Financial Statements 24 Unaudited Supplementary Financial Information 141 List of Branches 147 Annual Report 2020 1 Corporate Information BOARD OF DIRECTORS REMUNERATION COMMITTEE Chairman Mr OOI Sang Kuang Dr FUNG Yuk Bun Patrick JP Mr Samuel N TSIEN Mr TSE Hau Yin Aloysius Executive Director Mr NA Wu Beng (Chief Executive) NOMINATION COMMITTEE Mr OOI Sang Kuang Non-executive Director Mr Samuel N TSIEN Mr Samuel N TSIEN Mr TSE Hau Yin Aloysius Independent Non-executive Directors RISK MANAGEMENT COMMITTEE Mr CHIM Wai Kin Mr CHIM Wai Kin Mr OOI Sang Kuang Mr TSE Hau Yin Aloysius Mr SOON Tit Koon Mr SOON Tit Koon Mr TSE Hau Yin Aloysius COMPANY SECRETARY AUDIT COMMITTEE Mr LEUNG Chiu Wah Mr TSE Hau Yin Aloysius Mr CHIM Wai Kin Mr SOON Tit Koon AUDITORS PricewaterhouseCoopers Certified Public Accountants REGISTERED OFFICE 161 Queen’s Road Central, Hong Kong A SUBSIDIARY OF OVERSEA-CHINESE BANKING CORPORATION LIMITED 2 Annual Report 2020 Report of the Directors The Directors of OCBC Wing Hang Bank Limited (the “Bank”) have pleasure in presenting their report together with the audited consolidated financial statements of the Bank and its subsidiaries (collectively the “Group”) for the year ended 31st December, 2020.
    [Show full text]
  • Bank Code List
    Bank Code List (sorted by bank code) Bank Code Bank Name in English 003 STANDARD CHARTERED BANK (HONG KONG) LIMITED 004 THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED 005 CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK 006 CITIBANK, N.A. 007 JPMORGAN CHASE BANK, N.A. 008 NATWEST MARTETS PLC 009 CHINA CONSTRUCTION BANK (ASIA) CORPORATION LIMITED 012 BANK OF CHINA (HONG KONG) LIMITED 015 THE BANK OF EAST ASIA, LIMITED 016 DBS BANK (HONG KONG) LIMITED 018 CHINA CITIC BANK INTERNATIONAL LIMITED 020 CMB WING LUNG BANK LIMITED. 022 OVERSEA-CHINESE BANKING CORPORATION LTD. 024 HANG SENG BANK LTD. 025 SHANGHAI COMMERCIAL BANK LTD. 027 BANK OF COMMUNICATIONS CO., LTD 028 PUBLIC BANK (HONG KONG) LIMITED 035 OCBC WING HANG BANK LIMITED 038 TAI YAU BANK LTD. 039 CHIYU BANKING CORPORATION LTD. 040 DAH SING BANK, LTD. 041 CHONG HING BANK LIMITED 043 NANYANG COMMERCIAL BANK, LTD. 045 UCO BANK 046 KEB HANA BANK 047 MUFG BANK, LTD. 049 BANGKOK BANK PUBLIC COMPANY LIMITED 050 INDIAN OVERSEAS BANK 054 DEUTSCHE BANK AG 055 BANK OF AMERICA, N.A. 056 BNP PARIBAS 058 BANK OF INDIA 060 NATIONAL BANK OF PAKISTAN 061 TAI SANG BANK LIMITED 063 MALAYAN BANKING BERHAD (MAYBANK) 065 SUMITOMO MITSUI BANKING CORPORATION 066 PT. BANK NEGARA INDONESIA (PERSERO) TBK. 067 BDO UNIBANK, INC. 071 UNITED OVERSEAS BANK LTD. 072 INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ASIA) LIMITED 074 BARCLAYS BANK PLC. 076 THE BANK OF NOVA SCOTIA 080 ROYAL BANK OF CANADA 081 SOCIETE GENERALE 082 STATE BANK OF INDIA Bank Code List (sorted by bank code) Bank Code Bank Name in English 085 THE TORONTO-DOMINION BANK 086 BANK OF MONTREAL 092 CANADIAN IMPERIAL BANK OF COMMERCE 097 COMMERZBANK AG 103 UBS AG, HONG KONG 106 HSBC BANK USA, N.A.
    [Show full text]
  • General Assembly
    GENERAL ASSEMBLY BANCO BPI, S.A. - SUCURSAL OFFSHORE DE MACAU CAIXA ECONÓMICA POSTAL CAIXA GERAL DE DEPÓSITOS, S.A. - SUCURSAL OFFSHORE DE MACAU BANK OF CHINA LIMITED MACAU BRANCH CHINA CITIC BANK INTERNATIONAL LIMITED MACAU BRANCH CHINA CONSTRUCTION BANK CORPORATION MACAU BRANCH CHINA GUANGFA BANK CO., LTD., MACAU BRANCH CHONG HING BANK LIMITED MACAU BRANCH CITIBANK, N.A. MACAU BRANCH BANCO COMERCIAL DE MACAU, S.A. BANCO COMERCIAL PORTUGUÊS, S.A., SUCURSAL DE MACAU BANK OF COMMUNICATIONS CO., LTD. MACAU BRANCH DBS BANK (HONG KONG) LIMITED MACAU BRANCH DELTA ASIA BANK LIMITED FIRST COMMERCIAL BANK, LTD. MACAU BRANCH HANG SENG BANK LIMITED MACAU BRANCH HUA NAN COMMERCIAL BANK, LTD., MACAU BRANCH INDUSTRIAL AND COMMERCIAL BANK OF CHINA (MACAU) LTD. LUSO INTERNATIONAL BANKING LIMITED BANCO NACIONAL ULTRAMARINO, S.A. NOVO BANCO ÁSIA, S.A. BANK SINOPAC COMPANY LIMITED MACAU BRANCH STANDARD CHARTERED BANK MACAU BRANCH TAI FUNG BANK LIMITED THE BANK OF EAST ASIA, LIMITED - MACAU BRANCH THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED MACAU BRANCH THE MACAU CHINESE BANK LIMITED OCBC WING HANG BANK LIMITED WING LUNG BANK, LIMITED - MACAU BRANCH LAND TAI FUNG (MACAO) INTERNATIONAL FINANCIAL LEASING COMPANY BOARD OF DIRECTORS CHAIRMAN BANK OF CHINA LIMITED MACAU BRANCH VICE-CHAIRMEN BANCO NACIONAL ULTRAMARINO, S.A. TAI FUNG BANK LIMITED THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED MACAU BRANCH EXECUTIVE DIRECTORS INDUSTRIAL AND COMMERCIAL BANK OF CHINA (MACAU) LTD. LUSO INTERNATIONAL BANKING LIMITED BANK OF COMMUNICATIONS CO., LTD.MACAU BRANCH BANCO COMERCIAL DE MACAU, S.A. OCBC WING HANG BANK LIMITED DIRECTORS WING LUNG BANK, LIMITED - MACAU BRANCH CHINA GUANGFA BANK CO., LTD., MACAU BRANCH HANG SENG BANK LIMITED MACAU BRANCH CAIXA ECONÓMICA POSTAL CITIBANK, N.A.MACAU BRANCH CHINA CITIC BANK INTERNATIONAL LIMITED MACAU BRANCH BANK SINOPAC COMPANY LIMITED MACAU BRANCH STANDARD CHARTERED BANK MACAU BRANCH EXECUTIVE COMMITTEE CHAIRMAN BANK OF CHINA LIMITED MACAU BRANCH VICE-CHAIRMEN BANCO NACIONAL ULTRAMARINO, S.A.
    [Show full text]
  • Amendments to the Terms and Conditions of Investment Account
    OCBC Wing Hang Bank Limited TERMS AND CONDITIONS of INVESTMENT ACCOUNT _____________________________________________________________________ Registration Status : Registered Institution CE Number : AAC083 Address : 1/F, 161 Queen's Road Central, Central, Hong Kong Terms & Conditions of Investment Account Table of Contents Part A: General Terms and Conditions 1. Definitions & Interpretation 2. Scope of Services 3. Common Terms & Conditions Part B: Specific Terms & Conditions Schedule I (Section I) : Trading in Securities in general Schedule I (Section II) : Trading in Units Schedule II : Derivative Products Schedule III : Risk Disclosure Statement Schedule IV : Foreign Law Requirement Schedule V : China Connect Service - 1 - These Terms and Conditions (Terms and Conditions refer to both the General Terms and Conditions of Part A as well as the Specific Terms and Conditions of Part B) set forth the terms and conditions governing the opening and the use of Investment Account. By signing the Investment Account Mandate and all related forms and documents, the Customer agrees to be bound by the following: PART A General Terms and Conditions 1. Definitions & Interpretation 1.1 In these Terms and Conditions, unless the context otherwise requires:- "Access Code" means the Customer's login identification used in conjunction with his personal password and the Account number to gain access to the Services. "Account" means individually or collectively the Investment Account, the Settlement Account and the Credit Facility Account, if applicable, opened and maintained or to be opened and maintained with the Bank by the Customer. "Agents" means all agents, associate affiliates, information service providers, providers of EREF (including OCBC Wing Hang Shares Brokerage Company Limited or any other related company or affiliate of the Bank), and providers of other financial products.
    [Show full text]
  • WBEF Booklet in Copy
    The th World 5 Business Ethics Forum Business Ethics: Challenges and Implications for the Private and Public Sectors December 9-11 2014 University of Macau, E22 Building CONFERENCE Program Organizer: Co-Organizer: 工商管理學院 Hong Kong Baptist University &ĂĐƵůƚLJŽĨƵƐŝŶĞƐƐĚŵŝŶŝƐƚƌĂƟŽŶ WELCOME MESSAGES 02 02 Prof. Jacky So 03 Prof. Allan Chan KEYNOTE SPEAKERS 04 Prof. Simon Shun-Man Ho 04 05 Mr. Frank Yih 07 Mr. Anselmo Teng Lin Seng Contents CONFERENCE SCHEDULES 08 08 Conference Schedule at a Glance ϭϬ WĂƉĞƌWƌĞƐĞŶƚĂƟŽŶ^ĐŚĞĚƵůĞ ABOUT WBEF 17 Conference Venue Floor Plan 17 18 Achnowledgement ϭϵ KƌŐĂŶŝnjŝŶŐŽŵŵŝƩĞĞ 20 Sponsors The 5th WBEF 5th The 1 Welcome Message Prof. Jacky SO Yuk Chow Conference Chair of 5th World Business Ethics Forum, Chair Professor of Finance, Dean of Faculty of Business Administration, University of Macau It gives me great pleasure to extend a very warm welcome to all delegates participating in the 5th World Business Ethics Forum, which is hosted this year by the Faculty of Business Administration, University of Macau. The World Business Ethics Forum (WBEF) was co-founded by the University of Macau (UM) and the Hong Kong Baptist University (HKBU) in 2006 and runs every two years on a rotational basis. WBEF is determined to provide an open platform for academics and practitioners from around the world, to share and to discuss ideas and issues related to business ethics. The theme for this year’s forum is "Business Ethics: Challenges and Implications for the Private and Public Sectors". We hope that through the presentation of the research papers at the forum we can advance our understanding in these areas.
    [Show full text]
  • Annual Report 2014
    OCBC WING HANG BANK ANNUAL REPORT 2014 2014 Annual Report Contents Page 2 Corporate Information 3 Report of the Directors 9 Corporate Governance Report 17 Independent Auditor’s Report 18 Consolidated Income Statement 19 Consolidated Statement of Comprehensive Income 20 Consolidated Balance Sheet 21 Balance Sheet 22 Consolidated Statement of Changes in Equity 23 Consolidated Cash Flow Statement 24 Notes to the Financial Statements 151 Unaudited Supplementary Financial Information 167 List of Branches OCBC WING HANG • Annual Report 2014 1 Corporate Information Board of Directors Remuneration Committee Chairman Mr OOI Sang Kuang Dr FUNG Yuk Bun Patrick JP Mr Samuel N TSIEN Mr LAU Hon Chuen Ambrose GBS, JP Executive Directors Mr NA Wu Beng (Chief Executive) Nomination Committee Mr Frank John WANG (Deputy Chief Executive) Mr OOI Sang Kuang Mr Samuel N TSIEN Non-executive Directors Mr LAU Hon Chuen Ambrose GBS, JP Dr CHEONG Choong Kong Ms KNG Hwee Tin Risk Management Committee Mr Samuel N TSIEN Mr TSE Hau Yin Aloysius Mr NA Wu Beng Independent Non-executive Directors Ms KNG Hwee Tin Mr LAU Hon Chuen Ambrose GBS, JP Mr OOI Sang Kuang Company Secretary Mr TSE Hau Yin Aloysius Mr LEUNG Chiu Wah Alternate Director Auditors Mr FUNG Yuk Sing Michael (Alternate Director to KPMG Mr Frank John WANG) Certified Public Accountants Executive Committee Registered Office Mr NA Wu Beng 161 Queen’s Road Central, Hong Kong Mr Frank John WANG Mr Samuel N TSIEN A subsidiary of OCBC Bank (Ms KNG Hwee Tin as alternate member of Mr Samuel N TSIEN) Audit Committee Mr TSE Hau Yin Aloysius Ms KNG Hwee Tin Mr LAU Hon Chuen Ambrose GBS, JP 2 OCBC WING HANG • Annual Report 2014 Report of the Directors The Directors of OCBC Wing Hang Bank Limited (the “Bank”) have pleasure in presenting their report together with the audited consolidated financial statements of the Bank and its subsidiaries (collectively the “Group”) for the year ended 31st December, 2014.
    [Show full text]
  • Distribution Work Ofwealth Partaking Scheme 2021
    25 May 2021 Distribution work of Wealth Partaking Scheme 2021 finished The distribution work of 2021 Wealth Partaking Scheme started on 12 April this year and finished on 21 May which was five weeks less than the previous year. In the course of implementation, 484,824 beneficiaries had received the cash premium by means of bank transfer, accounting for MOP$ 4,732,560,000, while 244,599 crossed cheques had been mailed, which summed up to MOP$ 2,387,078,000. Until the present time, 126,311 cheques were honoured, representing 51.6% of the total number of cheques issused. In line with the scheme, dedicated Wealth Partaking Scheme counters at Service Centre of Municipal Affairs Bureau located at Avenida da Praia Grande, nº 762-804, 2nd floor of "China Plaza", the Macao Government Services Centre situated at Rua Nova da Areia Preta, nº 52 or the Macao Government Services Centre in Islands located at Rua de Coimbra n.º 225, 3rd floor for enquiries and deal with procedures related to the cash disbursement. During the distribution period, some 10,733 enquiries had been handled, with the majority of which enquired through telephone hotline, summing up to 8,156 enquiries, around 75.9% of the total. The second most popular channel was personal visit to the centres, serving up to 2,238 or 20.9% of total enquiries, mainly for re-issuance of cheques, which totalled 243 cases. To ensure the beneficiaries receive the cash premium directly and reduce the administration processes at the same time, residents can register in the following banks to receive
    [Show full text]
  • OCBC Wing Hang Bank Limited Terms & Conditions for All Accounts and Related Services
    OCBC Wing Hang Bank Limited Terms & Conditions for all Accounts and Related Services Table of Contents 1. Definitions & Interpretation………………………………………………………….…………….…………….…………….……………...… P. 2 2. Scope of Services………………………………………………………………………………………………………. ……………………… P. 3 3. Common Terms & Conditions…………………………………………………………………………………………………………...........… P. 4 Schedule I : Deposit Accounts Services…………………………………………………………………………………………………….…… P. 12 - Current Account (HKD + USD) ………………………………………………………………………………………...………… P. 15 - Savings Account………………………………………………………………………………………………….....…………… P. 16 - Time Deposit Account…………………………………………………………………………………………………….……… P. 17 - Time Deposit Product Specify……………………………………………………………………………………………….…… P. 18 - Renminbi Account………………………………………………………………………………………………………..…....… P. 19 - Personal Renminbi Current Account……………………………….………...………...………...………...………...……...…… P. 22 - Corporate Renminbi Account……………………………………………...………...………...………...………...………...…… P. 24 - Integrated Account…………………………………………………...…...………...………...………...………...…….....…...… P. 27 - Integrated Account/OCBC Wing Hang Premier Banking…...…...…...………...………...………...………...………...…….…..... P. 29 Schedule II : eBanking Services…………..………………………………………………...………...………...………...………...……..…..... P. 30 Schedule III : ATM Card Services……………………………………..……………………...………...………...………...………...…....……. P. 45 Schedule IV : Remittance Services…………………………………………………..………………………..………………………........…… P. 48 Schedule V : Renminbi Cross-border Trade Settlement Services……………...…….………………………..………………………........……
    [Show full text]