DOCSLIB.ORG

Chinney Investments, Limited Stock Code: 216

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Chinney Investments, Limited Stock Code: 216 Chinney Investments, Limited Stock Code: 216 Annual Report 2019/20 CONTENTS Page(s) Corporate Information ........................................................ 2 Financial Highlights .......................................................... 3 Location of Property Projects in Mainland China .................................... 4 Chairman’s Statement ........................................................ 5 Biographical Details of Directors and Senior Management............................. 16 Corporate Governance Report.................................................. 20 Report of the Directors ....................................................... 31 Independent Auditor’s Report .................................................. 45 Consolidated Statement of Profit or Loss.......................................... 51 Consolidated Statement of Comprehensive Income .................................. 53 Consolidated Statement of Financial Position ...................................... 54 Consolidated Statement of Changes in Equity ...................................... 56 Consolidated Statement of Cash Flows ........................................... 58 Notes to the Financial Statements ............................................... 60 Five Year Financial Summary .................................................. 166 Particulars of Properties ...................................................... 167 Notice of Annual General Meeting ............................................... 172 Cover Photo: newly completed Data Centre – Kin Chuen Street, Kwai Chung 封面圖片： 新近落成之數據中心－葵涌健全街 CHINNEY INVESTMENTS Annual Report 2019/20 1 CORPORATE INFORMATION DIRECTORS AUDITOR James Sai-Wing Wong (Chairman) Ernst & Young Yuen-Keung Chan (Vice Chairman and Managing Director) REGISTRAR James Sing-Wai Wong Paul Hon-To Tong Tricor Tengis Limited Emily Yen Wong Level 54 James C. Chen* Hopewell Centre Richard Chi-Ho Lo* 183 Queen’s Road East Winfred Wai-Lap Fan* Hong Kong * Independent non-executive directors REGISTERED OFFICE AUDIT COMMITTEE 23rd Floor Wing On Centre James C. Chen (Chairman) 111 Connaught Road Central Richard Chi-Ho Lo Hong Kong Winfred Wai-Lap Fan Tel : (852) 2877 3307 REMUNERATION COMMITTEE Fax : (852) 2877 2035 E-mail : [email protected] Winfred Wai-Lap Fan (Chairman) James C. Chen STOCK CODE Yuen-Keung Chan SEHK 216 COMPANY SECRETARY WEBSITE Ka-Yee Wan http://www.chinney.com.hk PRINCIPAL BANKERS The Bank of East Asia, Limited Chong Hing Bank Limited Hang Seng Bank Limited The Hongkong and Shanghai Banking Corporation Limited Industrial and Commercial Bank of China Limited Industrial and Commercial Bank of China (Asia) Limited Shanghai Commercial Bank Limited 2 CHINNEY INVESTMENTS Annual Report 2019/20 FINANCIAL HIGHLIGHTS Revenue/ Net Profit/(Loss) Shareholders’ Funds/Net Assets per Share HK$ Million HK$ Million / HK$ 8,086 7,722 2,040 7,680 1,781 1,569 1,574 1,478 5,225 5,066 $14.66 $13.93 $14.01 781 $9.48 $9.19 639 419 310 238 (45) 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Revenue (2016-2018: restated) Shareholders’ funds Net profit/(loss) attributable to shareholders Net assets per share (HK$) Earnings/(Loss)/ Dividend per Share Gearing/Equity Funding HK cents 59% 56% 56% 370 44% 43% 58% 46% 37% 142 31% 22% 76.1 56.2 5 5 5 5 (8) 5 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Earnings/(loss) per share Gearing ratio (*) Dividend per share % of total assets financed by equity (*) Representing ratio of “bank borrowings + lease liabilities – bank balances” to “shareholders’ funds + non-controlling interests”. CHINNEY INVESTMENTS Annual Report 2019/20 3 LOCATION OF PROPERTY PROJECTS IN MAINLAND CHINA y Long Yan Dong Bai Yun Shan Forest Park Expresswa Scenic Area 9 y a port w r d oa s R s Huo Lu Shan Ai an Yu e n South China r ia p Forest Park T Botanical Garden x E n o a N GUANGZHOU a u Metro Line 6 H zhou Metr Guang ay ssw heng Expre C an u H TIAN HE DISTRICT y Guangzhou Railway East Station shen Railwa To Nanhai Guang (about 1 hour) Gu Tian He angshen Railway Provincial Government Sport Centre CHONGQING BEI BU XIN QU Yuan Yang Interchange Jin Yu Road Guangzhou Metro 2 d 6 1 YUE XIU DISTRICT a 8 7 Jin Shan International Jin Kai Ro Beijing Road Beijing Business Centre 14 Tian Zi Pier Jie Fang Nan Road Nan Fang Jie Administrative Committee of Chongqing New Northern Zone in) m 0 t 1 ou ab t ( or irp a Jinyu Motorway To Pearl ay River Interchange sw res xp rt E To city centre (about 25 min) po Air FU TIAN DISTRICT SHENZHEN NANSHAN Guangshen Railway DISTRICT Qiao Xiang Road Hua Qiang Bei Commercial Zone 11 4 Enterprise The Shanghai Square To Nanshan Hotel District Shenzhen OCT Qiao Fa Road (about 20 min) Shen Nan Zhong Road Golf Club Shenzhen Metro LUO HU DISTRICT 10 Jia Bin Road To Fu Tian District The Mixc Wisdom Plaza Fu Ming Road 13 12 Shenzhen Central Park 5 Xiang Shan West Street Projects under Development Hotel/Serviced Apartments 1 Adjacent site to No. 5 Residence 北京路5號公館 12 City Suites 寶軒公寓, held as investment property 2 Second adjacent site to No. 5 Residence 北京路5號公館 13 The Bauhinia Hotel (Shenzhen) 寶軒酒店（深圳）, 3 Metropolitan Oasis 雅瑤綠洲, Nanhai (not shown above) held as investment property Completed Projects Acquired Property 4 Millennium Oasis 城市綠洲花園 Phase I [2001], Phases II & III [2002] 14 Ganghui Dasha 港滙大廈, held as investment property 5 City Square 城市天地廣場[2005] 6 Chongqing Hon Kwok Centre 重慶漢國中心[2009], Project under redevelopment plan held as investment property 15 Zhongtang, Dongguan 東莞市中堂 project (not shown above) 7 No. 5 Residence 北京路5號公館[2009] 8 Chongqing Jinshan Shangye Zhongxin 重慶金山商業中心[2016], held as investment property 9 Botanica 寶翠園 [2016] 10 Hon Kwok City Commercial Centre 漢國城市商業中心[2018], held as investment property 11 Enterprise Square 僑城坊 [2018] 4 CHINNEY INVESTMENTS Annual Report 2019/20 CHAIRMAN’S STATEMENT FINANCIAL RESULTS For the year ended 31 March 2020, the Group’s consolidated revenue was HK$639 million (2019: HK$1,478 million) with a net loss attributable to shareholders of HK$45 million (2019: net profit attributable to shareholders of HK$781 million). Excluding the fair value losses of investment properties (net of deferred taxation) of HK$83 million (2019: fair value gains of investment properties (net of deferred taxation) of HK$481 million), underlying net profit attributable to shareholders would be HK$38 million (2019: HK$300 million). The drop in underlying profit was attributable to the decrease in profit contributions generated from the Group’s property sales during the year. Basic loss per share was HK$0.08 (2019: earnings per share of HK$1.42). As at 31 March 2020, the shareholders’ equity amounted to HK$7,722 million (as at 31 March 2019: HK$8,086 million) and net assets per share attributable to shareholders stood at HK$14.01 (2019: HK$14.66). The decrease in shareholder’s equity at year end was mainly due to the net loss attributable to shareholders, together with the translation difference caused by the depreciation of Renminbi against Hong Kong Dollars during the year. Impact of COVID-19 Since early 2020, the outbreak of coronavirus (COVID-19) has caused disruptions to cross-border traffic and business activities, resulting in a negative impact on the Group’s property related businesses and hotel operations. To support our tenants, rental concessions were provided to individual tenants according to their circumstances. Despite the large scale emergency measures implemented by the Chinese and local governments to mitigate the adverse effect on the economy, we foresee that the business environment will remain subdued for the near future. Nonetheless, the overall financial and business positions of the Group remain strong and healthy. The Group will keep abreast of the market situation and adjust its market strategy accordingly. DIVIDEND The Directors recommend the payment of a final dividend of 5 Hong Kong cents per ordinary share for the year ended 31 March 2020 (2019: 5 Hong Kong cents) to shareholders whose names appear on the Company’s register of members on 4 September 2020. Subject to the approval by the shareholders at the forthcoming annual general meeting, the dividend cheques are expected to be despatched to shareholders on or before 28 September 2020. CLOSURE OF REGISTER OF MEMBERS FOR ANNUAL GENERAL MEETING The annual general meeting of the Company is scheduled to be held on 27 August 2020. For determining the entitlement to attend and vote at the annual general meeting, the register of members of the Company will be closed from 24 August 2020 to 27 August 2020 (both days inclusive), during which period no share transfers will be registered. In order to be eligible to attend and vote at the annual general meeting, all transfer forms accompanied by relevant share certificates must be lodged with Tricor Tengis Limited at Level 54, Hopewell Centre, 183 Queen’s Road East, Hong Kong not later than 4:30 p.m. on 21 August 2020. CHINNEY INVESTMENTS Annual Report 2019/20 5 CHAIRMAN’S STATEMENT (Continued) CLOSURE OF REGISTER OF MEMBERS FOR DIVIDEND The proposed final dividend for the year ended 31 March 2020 is subject to the approval by the shareholders at the annual general meeting. For determining the entitlement to the proposed final dividend, the register of members of the Company will be closed from 3 September 2020 to 4 September 2020, during which period no share transfers will be registered. The last day for dealing in the Company’s shares cum entitlements to the proposed final dividend will be 31 August 2020. In order to qualify for the proposed
Load more

Recommended publications
  • Department: SPO (Financial Services and the Treasury)
    Press release Scheme $6,000 accepts registrations from people born in 1966 or before Saturday, September 24, 2011 The Financial Services and the Treasury Bureau reminded the public that Scheme $6,000 will accept from tomorrow (September 25) registrations from holders of a valid Hong Kong permanent identity card born in 1957 to 1966. Those eligible persons born in 1956 or before who have not yet registered may still register. Since its commencement on August 28, the overall operation of Scheme $6,000 has been smooth. As at September 22, over 1.45 million registration forms had been received. To ensure successful registration, registrants must sign the registration form. Those who register through banks have to provide a local Hong Kong dollar bank account in their sole name (a joint bank account cannot be used for receiving payment under the Scheme), and submit the form to the bank specified for receiving payment. A spokesman for the Bureau said the registration process is simple and convenient. Whether people register through banks or through Hongkong Post, there is no need to queue up for obtaining or submitting the forms in person. They may ask someone they trust to submit the form for them, or mail it to Hong Kong General Post Office Box No. 186000. Those who are e-banking users of the 14 banks concerned may also submit their registration via e-banking. Starting from the first day of the registration period (i.e. Sunday), eligible persons may send the completed registration forms by post or register via e-banking. Eligible persons may also submit registration forms through drop boxes placed at the bank specified for receiving payment or at a post office during their opening hours from Mondays to Saturdays.
    [Show full text]
  • List of CMU Members 2021-08-18
    List of CMU Members 2021-09-23 Member Bond Code Member Name Bank Repo CMUBID Connect ABCI ABCI SECURITIES COMPANY LIMITED - Y Y ABNA ABN AMRO BANK N.V. - Y - ABOC AGRICULTURAL BANK OF CHINA LIMITED - Y Y AIAT AIA COMPANY (TRUSTEE) LIMITED - - - ASBK AIRSTAR BANK LIMITED - Y - ACRL ALLIED BANKING CORPORATION (HONG KONG) LIMITED - Y - ANTB ANT BANK (HONG KONG) LIMITED - - - ANZH AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED - - Y AMCM AUTORIDADE MONETARIA DE MACAU - Y - BEXH BANCO BILBAO VIZCAYA ARGENTARIA, S.A. - Y - BSHK BANCO SANTANDER S.A. - Y Y BBLH BANGKOK BANK PUBLIC COMPANY LIMITED - - - BCTC BANK CONSORTIUM TRUST COMPANY LIMITED - - - SARA BANK J. SAFRA SARASIN LTD - Y - JBHK BANK JULIUS BAER AND CO. LTD. - Y - BAHK BANK OF AMERICA, NATIONAL ASSOCIATION - Y Y BCHK BANK OF CHINA (HONG KONG) LIMITED - Y Y CDFC BANK OF CHINA INTERNATIONAL LIMITED - Y - BCHB BANK OF CHINA LIMITED, HONG KONG BRANCH - Y - CHLU BANK OF CHINA LIMITED, LUXEMBOURG BRANCH - - Y BMHK BANK OF COMMUNICATIONS (HONG KONG) LIMITED - Y - BCMK BANK OF COMMUNICATIONS CO., LTD. - Y - BCTL BANK OF COMMUNICATIONS TRUSTEE LIMITED - - Y DGCB BANK OF DONGGUAN CO., LTD. - - - BEAT BANK OF EAST ASIA (TRUSTEES) LIMITED - - - BEAH BANK OF EAST ASIA, LIMITED (THE) - Y Y BOIH BANK OF INDIA - - - BOFM BANK OF MONTREAL - - - BNYH BANK OF NEW YORK MELLON - - - BNSH BANK OF NOVA SCOTIA (THE) - - - BOSH BANK OF SHANGHAI (HONG KONG) LIMITED - Y Y BTWH BANK OF TAIWAN - Y - SINO BANK SINOPAC, HONG KONG BRANCH - - Y BPSA BANQUE PICTET AND CIE SA - - - BBID BARCLAYS BANK PLC - Y - EQUI BDO UNIBANK, INC.
    [Show full text]
  • Terms and Conditions of Us$300,000,000 Tier 2 Subordinated Notes Due 2029 Terms and Conditions of the Notes
    TERMS AND CONDITIONS OF US$300,000,000 TIER 2 SUBORDINATED NOTES DUE 2029 TERMS AND CONDITIONS OF THE NOTES The following is the text of the Terms and Conditions of the Notes (subject to completion and modification and excluding italicised text) which will be endorsed on each definitive certificate evidencing the Notes. The U.S.$ 300,000,000 5.00 per cent. Tier 2 Subordinated Notes due 2029 (each a "Note" and together, the "Notes") of Shanghai Commercial Bank Limited (the "Issuer") are constituted by, and have the benefit of, a trust deed (such trust deed as amended and/or supplemented and/or restated from time to time, the "Trust Deed") dated 17 January 2019 (the "Issue Date") and made between the Issuer and The Hongkong and Shanghai Banking Corporation Limited (the "Trustee", which expression shall include any successor as Trustee) as trustee for the Noteholders (as defined below). These terms and conditions (the "Conditions") include summaries of, and are subject to, the detailed provisions of the Trust Deed, which includes the form of the Notes. The Noteholders (as defined below) are entitled to the benefit of, and are bound by, and are deemed to have notice of, all of the provisions of the Trust Deed, and are deemed to have notice of those provisions applicable to them of the agency agreement (such agency agreement as amended and/or supplemented and/or restated from time to time, the "Agency Agreement") dated 17 January 2019 and made between the Issuer, The Hongkong and Shanghai Banking Corporation Limited as principal paying agent (the "Principal Paying Agent", which expression shall include any successor thereto) and as transfer agent (the "Transfer Agent", which expression shall include any successor thereto), The Hongkong and Shanghai Banking Corporation Limited as registrar (the "Registrar", which expression shall include any successor thereto), the other paying agents and transfer agents named therein and the Trustee.
    [Show full text]
  • 221201541 S6K-1(E).Indd.Ps, Page 1
    “Scheme $6,000” Registration Form (For Direct Bank Transfer to Registrant’s Bank Account) Note : Bank Reference No. (For Bank Use Only) 1. Please read the “Scheme $6,000” Guidance Notes overleaf before completing this registration form (“this Form”). 2. Please complete this Form in BLOCK letters using black or 1 blue pen. Part 1 Personal Particulars of Registrant HK Permanent Identity Card No. ( ) Local Contact Telephone No. Chinese Name (if applicable) English Name as shown on the HK Permanent Identity Card Part 2 Bank Account Details of Registrant (For Direct Bank Transfer Use) Please pay direct to my bank account Please submit this Form using as specified the “Scheme $6,000” drop- (Name of bank) box of the bank specified by Account Number as shown in passbook or bank statement (Must be Registrant’s local HKD sole-name savings/current account) you for direct bank transfer or send it by post to “GPO Box 186000, Hong Kong”. Part 3 Declaration and Undertaking of Registrant 1. I, the undersigned, declare that I am the holder of Hong Kong Permanent Identity Card (“HKPIC”) number as given in Part 1 of this Form. 2. I have read the following “Personal Information Collection Statement” and fully understand its content. Personal Information Collection Statement Purpose of Collection The information provided in this Form and other information that may be provided for the purposes of “Scheme $6,000” (“the Data”) will be used by the Government of the Hong Kong Special Administrative Region (“the Government”) and its agents/contractors for one or
    [Show full text]
  • Annex and Tables
    Page 274 274 HKMA Annual Report 2018 Annex and Tables 275 Annex Authorized Institutions and Local Representative Offices 280 Table A Major Economic Indicators 282 Table B Performance Ratios of the Banking Sector 284 Table C Authorized Institutions: Domicile and Parentage 285 Table D Authorized Institutions: Region/Economy of Beneficial Ownership 286 Table E Presence of World’s Largest 500 Banks in Hong Kong 288 Table F Balance Sheet: All Authorized Institutions and Retail Banks 290 Table G Major Balance Sheet Items by Region/Economy of Beneficial Ownership of Authorized Institutions 291 Table H Flow of Funds for All Authorized Institutions and Retail Banks 292 Table I Loans to and Deposits from Customers by Category of Authorized Institutions 293 Table J Loans to Customers inside Hong Kong by Economic Sector 294 Table K Deposits from Customers 295 Table L Geographical Breakdown of Net External Claims/(Liabilities) of All Authorized Institutions Page 275 HKMA Annual Report 2018 275 Annex Authorized Institutions and Local Representative Offices at 31 December 2018 LICENSED BANKS Incorporated in Hong Kong Bank of China (Hong Kong) Limited CMB WING LUNG BANK LIMITED Nanyang Commercial Bank, Limited BANK OF COMMUNICATIONS (formerly known as WING LUNG BANK, PUBLIC BANK (HONG KONG) LIMITED (HONG KONG) LIMITED LIMITED) Shanghai Commercial Bank Limited Bank of East Asia, Limited (The) DAH SING BANK, LIMITED Standard Chartered Bank (Hong Kong) China CITIC Bank International Limited DBS BANK (HONG KONG) LIMITED Limited China Construction Bank (Asia) FUBON BANK (HONG KONG) LIMITED Tai Sang Bank Limited Corporation Limited Hang Seng Bank, Limited Tai Yau Bank, Limited Chiyu Banking Corporation Limited Hongkong and Shanghai Banking OCBC Wing Hang Bank Limited Chong Hing Bank Limited Corporation Limited (The) CITIBANK (HONG KONG) LIMITED Industrial and Commercial Bank of China (Asia) Limited Incorporated outside Hong Kong ABN AMRO Bank N.V.
    [Show full text]
  • List of Banks in Hong Kong
    LIST OF BANKS IN HONG KONG IN THE CATEGORY UPON LICENSED BANKS, RESTRICTED BANKS & DEPOSIT-TAKING COMPANIES (Update of April 2020 from the HKMA) LICENSED BANKS NO. Incorporated in Hong Kong 1 AIRSTAR BANK LIMITED 2 ANT BANK (HONG KONG) LIMITED 3 BANK OF CHINA (HONG KONG) LIMITED 4 BANK OF COMMUNICATIONS (HONG KONG) LIMITED 5 BANK OF EAST ASIA, LIMITED (THE) 6 CHINA CITIC BANK INTERNATIONAL LIMITED 7 CHINA CONSTRUCTION BANK (ASIA) CORPORATION LIMITED 8 CHIYU BANKING CORPORATION LIMITED 9 CHONG HING BANK LIMITED 10 CITIBANK (HONG KONG) LIMITED 11 CMB WING LUNG BANK LIMITED 12 DAH SING BANK, LIMITED 13 DBS BANK (HONG KONG) LIMITED 14 FUBON BANK (HONG KONG) LIMITED 15 FUSION BANK LIMITED 16 HANG SENG BANK, LIMITED 17 HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (THE) 18 INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ASIA) LIMITED 19 LIVI VB LIMITED 20 NANYANG COMMERCIAL BANK, LIMITED 21 OCBC WING HANG BANK LIMITED 22 PING AN ONECONNECT BANK (HONG KONG) LIMITED 23 PUBLIC BANK (HONG KONG) LIMITED 24 SC DIGITAL SOLUTIONS LIMITED 25 SHANGHAI COMMERCIAL BANK LIMITED 1 26 STANDARD CHARTERED BANK (HONG KONG) LIMITED 27 TAI SANG BANK LIMITED 28 TAI YAU BANK, LIMITED 29 WELAB DIGITAL LIMITED 30 ZA BANK LIMITED NO. Incorporated outside Hong Kong 1 ABN AMRO BANK N.V. NETHERLANDS 2 AGRICULTURAL BANK OF CHINA LIMITED CHINA 3 ALLAHABAD BANK INDIA 4 AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED AUSTRALIA 5 AXIS BANK LIMITED INDIA 6 BANCA MONTE DEI PASCHI DI SIENA S.P.A. ITALY 7 BANCO BILBAO VIZCAYA ARGENTARIA S.A. SPAIN 8 ABN AMRO BANK N.V.
    [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]
  • Annual Report 2002 Contents
    A New Horizon Annual Report 2002 Contents BOC Hong Kong (Holdings) Limited (“the Company”) 1 Financial Highlights was incorporated in Hong Kong on 12 September 2001 2 Four-Year Financial Summary to hold the entire equity interest in Bank of China (Hong Kong) Limited (BOCHK), its principal operating 5 Chairman’s Statement subsidiary. 7 Chief Executive’s Report 15 Financial Review The Company is a leading commercial banking group in 23 Operations Review Hong Kong in terms of assets and customer deposits. With over 300 branches, more than 400 ATMs and 29 Corporate Information other delivery channels in Hong Kong, the Company 31 Board of Directors and offers a comprehensive range of financial products and Senior Management services to retail and corporate customers. BOCHK is one of the three bank note issuing banks in Hong Kong 39 Report of the Directors and serves as a Chairman Bank of the Hong Kong 47 Corporate Governance Association of Banks on a rotational basis. In addition, 53 Listing BOCHK has 14 branches and sub-branches in the 57 Our People Mainland of China to meet the cross-border banking needs of our Hong Kong and Mainland customers. 61 Good Corporate Citizenship 65 Report of the Auditors After a successful global IPO, the Company began 66 Financial Statements trading on the main board of the Stock Exchange of 138 Appendix I Hong Kong on 25 July 2002, with stock code “2388”. Subsidiaries of the Company 143 Shareholder Information 145 Definitions 148 Branch Network & Corporate Banking Centres A New Horizon With the accomplishment of the Restructuring and Merger in October 2001 and the subsequent successful listing in July 2002, the Company is entering a new horizon.
    [Show full text]
  • Shanghai Commercial Bank (SCB) ATM Services for ATM Card / Credit Card
    Shanghai Commercial Bank (SCB) ATM Services for ATM Card / Credit Card 1 Network Services ATM Card Credit Card Shacom Card UnionPay Dual Currency Credit Card Visa MasterCard Service (HKD) (RMB) (HKD) (RMB) Scope of Services Network Deposit A/C Deposit A/C Deposit A/C Credit Card Deposit A/C Credit Card Deposit A/C Credit Card Credit Card Deposit A/C (HKD) (RMB) (HKD) A/C (HKD) A/C (HKD) A/C A/C ATM Cash 2,4 Mainland / 3 3 Withdrawal / UnionPay Worldwide SCB ATM Worldwide Mainland Balance Enquiry Purchase Payment Worldwide Mainland Worldwide Mainland ATM Cash withdrawal / Balance Mainland/HK/ Mainland/HK Mainland/HK Mainland/HK Mainland/HK Mainland/HK Mainland/HK Mainland/HK 3 3 3 Enquiry / Transfer/ Macau /Macau /Macau /Macau /Macau /Macau /Macau /Macau JET Payment 5 Mainland/HK/ Mainland/HK Mainland/HK Mainland/HK Mainland/HK Mainland/HK Mainland/HK Mainland/HK Interbank Transfer 3 3 3 Macau /Macau /Macau /Macau /Macau /Macau /Macau /Macau JETCO Mainland/HK/ Mainland/HK Mainland/HK Mainland/HK Mainland/HK Mainland/HK Mainland/HK Intracard Transfer 3 3 3 Macau /Macau /Macau /Macau /Macau /Macau /Macau Change of Personal Mainland/HK/ Mainland/HK Mainland/HK Mainland/HK Mainland/HK Mainland/HK Mainland/HK Mainland/HK Mainland/HK Identification Macau /Macau /Macau /Macau /Macau /Macau /Macau /Macau /Macau Number (PIN) Request Statement / Mainland/HK/ Mainland/HK Mainland/HK Mainland/HK Mainland/HK 6 6 6 6 6 Cheque Book Macau /Macau /Macau /Macau /Macau Purchase Payment / EPS HK HK HK HK HK Bill Payment Cash Withdrawal / 3 2 PLUS (Visa) Balance Enquiry Worldwide Worldwide Cirrus Cash Withdrawal / 3 2 (MasterCard) Balance Enquiry Worldwide Worldwide To perform ATM cash withdrawal outside Hong Kong, cardholders are required to activate the overseas ATM transaction function, set the activation period and daily withdrawal limit via any of JETCO ATMs or call our Customer Service Hotline (852) 2818 0282 (Shacom Card) / (852) 2818 8236 (Credit Card) or login to Internet Banking in advance before departure.
    [Show full text]
  • Standardised In-Depth Coverage of 540+ Banks in 20 Countries Across the Asia-Pacific Region
    Standardised in-depth coverage of 540+ banks in 20 countries across the Asia-Pacific Region COMPANY SNL IDENTIFIER COMPANY SNL IDENTIFIER COMPANY SNL IDENTIFIER AUSTRALIA (16 BANKS) China, cont. China, cont. ANZ ANZ-ASX Bank of Ningbo 002142-CNSSE Panzhihua City Commercial Bank* 4306599 Bank of Queensland BOQ-ASX Bank of Ningxia 4306716 Ping An Bank 000001-CNSSE Bendigo & Adelaide BEN-ASX Bank of Qingdao 4283860 Qishang Bank 4306594 Commonwealth Bank of Australia CBA-ASX Bank of Shanghai 4303897 Shanghai Pudong Development Bank 600000-SGSE Credit Union Australia 4168704 Bank of Shaoxing* 4306603 Shanghai Rural Commercial Bank 4306412 Heritage Bank 4307065 Bank of Tianjin* 4306175 Standard Chartered Bank (China)* 4265649 HSBC Bank Australia 4210720 Bank of Weifang 4309120 Sumitomo Mitsui Banking Corp (China) 4307406 ING Bank (Australia) 4259477 Bank of Wenzhou 4306715 Weihai City Commercial Bank 4306714 Macquarie Bank 4328823 Bank of Xi’an* 4307072 Xiamen International Bank 4306580 Macquarie Group MQG-ASX Bank of Zhengzhou* 4308988 Yantai Bank* 4309122 MyState MYS-ASX Baoshang Bank 4307143 Zhejiang Chouzhou Commercial Bank 4309099 National Australia Bank NAB-ASX Beijing Rural Commercial Bank 4304536 Zhejiang Xiaoshan Rural Cooperative Bank 4332961 Newcastle Permanent Building Society 4307059 Chang’an Bank 4307124 HONG KONG (22 BANKS) Suncorp-Metway 4196784 China Bohai Bank 4265636 Bank of China (Hong Kong) 4249511 Westpac WBC-ASX China CITIC Bank 0998-HKG/601998-SGSE Bank of East Asia 0023-HKG Wide Bay Australia WBB-ASX China Construction
    [Show full text]
  • HSBC in China
    HSBC in China RICHARD YORKE April 2008 PRESIDENT AND CHIEF EXECUTIVE OFFICER HSBC BANK (CHINA) COMPANY LIMITED Forward-looking statements This presentation and subsequent discussion may contain certain forward- looking statements with respect to the financial condition, results of operations and business of the Group. These forward-looking statements represent the Group’s expectations or beliefs concerning future events and involve known and unknown risks and uncertainty that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Additional detailed information concerning important factors that could cause actual results to differ materially is available in our Annual Report. 2 Content • China economic outlook • Foreign banks in China • HSBC’s local incorporation • Strategy and business focus • 2007 organic growth 3 China economic outlook China: accelerating growth RMB bn 30,000 12.5 12.0 25,000 11.9 11.5 20,000 11.6 11.0 15,000 10.4 10.5 10.1 10,000 10.0 10.0 5,000 9.5 0 9.0 2003 2004 2005 2006 2007 GDP Annual growth rate % Source: National Bureau of Statistics of China 5 Regional development China is experiencing the following transition and development trends, driven by a proactive national development agenda: Transition 1 • Coastal provinces will remain as China’s economic engines, with gradual diversification into higher value-added service sectors Western region Transition 2 Coastal Central region • Low value-added industries are region migrating into central provinces
    [Show full text]
  • How to Open a PPS Account
    How to Open a PPS Account PPS is a convenient and simple phone and online bill payment solution that enables you to pay your bills anytime, anywhere. Payments can be made to an ever-increasing number of companies and organizations through any phone or Internet-linked computer, from your pre-registered bank accounts of 21 different banks, around the clock. You can open your PPS account in one of the many PPS Registration Terminals. To open your PPS account, you have to produce your ATM card, or credit card with ATM function. There are hundreds of PPS registration terminals all over Hong Kong, including most Circle K convenience stores, PCCW Shops, Aeon counters in all Jusco stores and some major banks, to provide you with the convenience of setting up a PPS account, changing password, updating mobile phone & other related services. Demo on how to open an account is available at http://www.ppshk.com . Please visit http://www.eps.com.hk/eng/company_ppsreg.asp for full list of PPS Registration Terminals. Participating Member Bank List • Bank of China (Hong Kong) Limited • Bank of Communications, HK Branch • China Construction Bank (Asia) Corporation Limited • China Merchants Bank Company Limited • Chiyu Banking Corporation Limited • Chong Hing Bank Limited • Citibank (Hong Kong) Limited • CITIC Ka Wah Bank Limited • Dah Sing Bank Limited • DBS Bank (Hong Kong) Limited • Fubon Bank (Hong Kong) Limited • Hang Seng Bank Limited • HSBC • Industrial and Commercial Bank of China (Asia) Limited • Mevas Bank Limited • Nanyang Commercial Bank Limited • Shanghai Commercial Bank Limited • Standard Chartered Bank (Hong Kong) Limited • The Bank of East Asia Limited • Wing Hang Bank Limited • Wing Lung Bank Limited .
    [Show full text]