DOCSLIB.ORG

Annual Report 2002 Contents

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read 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. Our annual report is in a thematic golden yellow colour, symbolising a bright future of the Company. It depicts our headquarters Bank of China Tower, which is a landmark in Hong Kong. The building’s unique A New design is inspired by the steady growth of bamboo and represents our Horizon commitment to forging ahead. We are geared towards maximizing Annual Report 2002 shareholder value and providing quality service to customers. 1 FINANCIAL HIGHLIGHTS 2002 2001 Change HK$’m HK$’m +/(-)% For the year Operating profit before provisions 12,089 13,162 (8.2) Operating profit after provisions 9,234 5,750 60.6 Profit before taxation 8,068 3,733 116.1 Profit after taxation 6,800 2,901 134.4 Profit attributable to shareholders 6,673 2,768 141.1 HK$ HK$ +/(-)% Per share Earnings per share1 63.11 cents 26.18 cents 141.1 Dividends per share 39.80 cents – N/A HK$’m HK$’m +/(-)% At year-end Shareholders’ funds 56,941 52,170 9.1 Issued and fully paid share capital 52,864 52,864 0.0 Total assets 735,489 766,140 (4.0) % % Financial ratios Return on average total assets2 0.91 0.36 Return on average shareholders’ funds3 12.23 7.31 Cost to income ratio 33.26 30.76 Non-performing loan ratio4 7.99 10.99 Loans to deposits ratio5 53.42 53.27 Average liquidity ratio6 41.17 39.88 Capital adequacy ratio7 13.99 14.38 1 Amount for 2001 has been restated due to the effect of the share consolidation as further described in note 13 and note 32 respectively. 2 Return on average total assets is calculated by dividing the profit after taxation with the daily average balance of total assets for the year. 3 Return on average shareholders’ funds is calculated by dividing the profit attributable to shareholders with the average shareholders’ funds. Average shareholders’ funds are calculated as the average of the opening and closing balance of shareholders’ funds for the year. Average shareholders’ funds for the year 2001 are calculated taking into account of certain capitalisation events. 4 On 26 June 2002, BOCHK disposed of loans with a gross book value of HK$11,401 million (net of specific provisions of HK$2,679 million) to BOC Cayman (note 42(a)). As at 31 December 2001, the outstanding balance of NPLs which were disposed of in 2002 amounted to HK$7,269 million and specific provisions made in respect of such NPLs amounted to HK$2,538 million. Had the disposal taken place as at 31 December 2001, the NPLs as a percentage of total advances to customers would have been 9.06%. 5 Loans to deposits ratio is for the year end. 6 Average liquidity ratio for the year ended 31 December 2002 is calculated as the simple average of each calendar month’s average liquidity ratio of BOCHK for the year. The average liquidity ratio of 2001 is calculated as the simple average of each calendar month’s average liquidity ratio of BOCHK for the 3 months from 1 October 2001 (the date of the Restructuring and Merger) to 31 December 2001. 7 Capital adequacy ratio is computed on the consolidated basis which comprises the positions of BOCHK and certain subsidiaries specified by the HKMA for its regulatory purposes and in accordance with the Third Schedule of the Banking Ordinance. Annual Report 2002 2 FOUR-YEAR FINANCIAL SUMMARY The financial information of the Group for the last four years commencing from 1 January 1999 (being the earliest year of the track record period for the purpose of listing of the Company on 25 July 2002) is summarised below: 2002 2001 2000 1999 HK$’m HK$’m HK$’m HK$’m For the year Operating profit before provisions 12,089 13,162 14,964 13,147 Operating profit after provisions 9,234 5,750 6,371 3,181 Profit before taxation 8,068 3,733 6,376 3,771 Profit after taxation 6,800 2,901 5,198 3,221 Profit attributable to shareholders 6,673 2,768 5,047 3,067 HK$ HK$ HK$ HK$ Per share Earnings per share1 63.11 cents 26.18 cents 47.74 cents 29.01 cents HK$’m HK$’m HK$’m HK$’m At year-end Advances and other accounts 308,332 308,108 325,569 317,556 Total assets 735,489 766,140 839,370 772,954 Daily average balance of total assets 748,771 810,702 830,331 816,778 Deposits from customers 600,977 606,428 624,726 589,421 Total liabilities 677,434 712,904 804,493 740,492 Issued and fully paid share capital 52,864 52,864 52,864 52,864 Shareholders’ funds 56,941 52,170 33,345 31,006 % %% % Financial ratios Return on average total assets 0.91 0.36 0.63 0.39 Cost to income ratio 33.26 30.76 27.70 32.51 Non-performing loan ratio 7.99 10.99 10.19 12.73 Loans to deposits ratio 53.42 53.27 54.43 56.85 The Company was incorporated on 12 September 2001 and acquired the entire equity interests in BOCHK on 30 September 2001. The Company subsequently became the holding company of the Group. The financial information of the Group is prepared as if the group structure, capital structure and operations had been in existence from the beginning of the period presented. 1 Amounts for 1999 to 2001 have been restated due to the effect of the share consolidation as further described in note 13 and note 32 respectively. BOC Hong Kong (Holdings) Limited FOUR-YEAR FINANCIAL SUMMARY 3 Annual Report 2002 | Steering Forward | 5 CHAIRMAN’S STATEMENT Enhancing the corporate governance framework and maximising LIU Mingkang shareholder value Chairman and President, Bank of China Chairman, BOC Hong Kong (Holdings) Limited and became the Bank of China (Hong Kong) Limited cornerstones of our business development. The year 2002 was an extraordinary year for the Company. Thanks to the valuable With a solid financial support of investors and the dedication of our staff, the Company was successfully foundation, extensive listed on the Stock Exchange of Hong Kong on 25 July. Our global offering was 6.5 times customer base, over-subscribed despite deteriorating global equity market conditions. With our launch of one of the world’s largest public offerings in 2002, we received ten awards from a talented employees number of magazines including “Best Investor Relations for an IPO” by Investor and close cooperation Relations and “Deal of the Year” by FinanceAsia. Shortly after our listing, the Company with BOC, we will was admitted as a constituent stock in various indices, including the MSCI Hong Kong Index and Hang Seng Index. These achievements highlighted our status as a major benefit from an player in the international financial markets. economic recovery in Hong Kong and Our Restructuring and Merger in 2001 laid a solid foundation for the establishment of a sound corporate governance framework, an efficient management structure, a new economic development management philosophy and a new corporate culture. Our listing in 2002 further in the Mainland, confirmed the pledges we had made to investors. Enhancing the corporate bringing favourable governance framework and maximising shareholder value became the cornerstones of our business management. As a result of our dedicated efforts, we made returns to investors. encouraging progress in the areas of organisational restructuring, business development, risk management and information technology. We also devoted considerable resources to enhancing transparency under the scrutiny of the market, adapting promptly to comply with the various market practices and regulatory requirements applicable to listed companies. Annual Report 2002 6 CHAIRMAN’S STATEMENT We will continue to target for the full to improve our operations efficiency. Our business development, risk management implementation of our corporate adoption of a modern business and revenue enhancement, while governance framework. In this regard, philosophy will lead to better quality maintaining our commitment to the the Board of Directors is actively involved services for customers.
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]
  • Prospectus E.Pdf
    IMPORTANT If you are in any doubt about this prospectus, you should consult your stockbroker, bank manager, solicitor, professional accountant or other professional adviser. (Incorporated in Hong Kong with limited liability under the Companies Ordinance) GLOBAL OFFERING Number of Offer Shares in the Global Offering: 2,298,435,000 (subject to adjustment and the Over-allotment Option) Number of Hong Kong OÅer Shares: 229,843,500 (subject to adjustment) Maximum OÅer Price: HK$9.50 per OÅer Share payable in full on application in Hong Kong dollars, subject to refund Nominal Value: HK$5.00 per Share Stock Code: 2388 Joint Global Coordinators and Joint Bookrunners BOC International Goldman Sachs (Asia) L.L.C. UBS Warburg Holdings Limited Joint Sponsors BOCI Asia Limited Goldman Sachs (Asia) L.L.C. UBS Warburg Asia Limited The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this prospectus, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this prospectus. A copy of this prospectus, together with the documents speciÑed in the section headed ""Documents Delivered to the Registrar of Companies'' in Appendix VIII, has been registered by the Registrar of Companies in Hong Kong as required by Section 38D of the Companies Ordinance, Chapter 32 of the Laws of Hong Kong. The Securities and Futures Commission and the Registrar of Companies in Hong Kong take no responsibility as to the contents of this prospectus or any other document referred to above.
    [Show full text]
  • Chiyu Banking Corporation Limited Or 2
    DIRECT DEBIT AUTHORISATION 直接付款授權書 Application method： 申請方法： 1. Return this form to any branch of Chiyu Banking Corporation Limited or 2. Mail this form to “3/F, Bank of China Centre, 1. 將此表格交回任何一間集友銀行有限公司的分行 或 2. 郵寄表格至“西九龍海輝道 11 號奧海城 Olympian City, 11 Hoi Fai Road, West Kowloon, Hong Kong Attn: Autopay Section” or 3. Via Personal Internet Banking 中銀 中心 3 樓, 送：自動轉賬組”或 3.經個人網上銀行透過「雙重認証」辦理(毋需填寫此表格) with the use of two factor authentication (No need to fill in this form) Please write in BLOCK letters. 請以英文正楷填寫 Customer Information 客戶資料 My/Our Bank Name and Branch 本人／吾等之銀行及分行之名稱 Bank No.銀行編號 Branch No.分行編號 My/Our Account No.本人／吾等之賬戶號碼 Chiyu Banking Corporation Ltd My/Our Name(s) as recorded on Statement/Passbook 本人／吾等在結單／存摺上所紀錄之名稱 貨幣 Currency: Contact Tel No.聯絡電話號碼 HKD Please set up the following Direct Debit Authorisation Records marked with “” for me/us.請為本人（吾等）設立下列已選取 “” 號之直接付款授權紀錄。 Name of Party to be Credited (The Beneficiary) Account no. to be credited †Debtor’s Reference (Compulsory Field) †Limit for Each Payment †Expiry Date 到期日 收款方 (受益人) 收款賬戶號碼 債務人參考 (必須填寫) 每次付款之限額 (DD/MM/YY) (日/月/年) 港幣 HK＄： HR21 Limited 012-737-10230564 1. I/We hereby authorise my/our above named Bank to effect transfers from my/our account to the above account in accordance with such instructions as my/our Bank may receive from the beneficiary and/or its banker and/or its banker’s correspondent from time to time provided always that the amount of any one such transfer shall not exceed the limit indicated above.
    [Show full text]
  • BOC HKGCC VISA Card Application Form
    BOC HKGCC VISA Card Perpetual Annual Fee Waiver Hong Kong Residential Country Area OTHER INSTRUCTIONS Application Form Tel. No. Code Code Signature of Main Card applicant (Please do not alter) Date Mobile Phone/ Country Area Please send statement to : Residential Address Company Address Pager No. Code Code ATM Screen Language : Chinese 1 English 2 Accommodation Private Property (Mortgaged) 2 Home Ownership Scheme Housing (Mortgaged) 3 Rented 6 The address selected above will be used as your correspondence address in the event your application Please submit the completed application form with the supporting documents to BOC Credit Card (Int’l) Ltd., 3/F, Bank of China Centre, Olympian City, 11 Hoi Fai Road, West Kowloon. Monthly Installment / Rental: Singly Jointly HKD is approved. Referral Branch / Dept. No. 012 Self-owned (Not Mortgaged) 1 Public Housing / Tenants Purchase Scheme 5 Relatives 4 Quarters / Others 7 Set-up opt-out of “Over-the-limit Facility” function Staff No. 0 0 Education University or above 01 Post Secondary 02 Secondary 03 I request the Company to set up the parameters for my main and additional credit card(s) (if any) SC=390 RoadShow SC approved as a result of this application to decline over-the-limit transaction whenever it occurs so Primary 04 Others 05 CIN record checked: □ No SP / □ Yes with SP, please specify: as to avoid any charge for Overlimit Handling Fee. Please complete in BLOCK Letters and put a “3” in the appropriate box. If you wish to set-up opt-out of Over-the-limit Facility function for other BOC credit card account(s), BOC Credit Card (International) Ltd.
    [Show full text]
  • Branch Network & Corporate
    BRANCH NETWORK & CORPORATE BANKING CENTRES Bank of China (Hong Kong) – Branch Network Hong Kong Island Branch Address Telephone Branch Address Telephone Central & Western District Quarry Bay Branch Parkvale, 1060 King’s Road, Quarry Bay, 2564 0333 Bank of China Tower Branch 1 Garden Road, Hong Kong 2826 6888 Hong Kong Sheung Wan Branch 252 Des Voeux Road Central, Hong Kong 2541 1601 Queen’s Road West 2-12 Queen’s Road West, Sheung Wan, 2815 6888 Southern District (Sheung Wan) Branch Hong Kong Tin Wan Branch 2-12 Ka Wo Street, Tin Wan, Hong Kong 2553 0135 Connaught Road Central Branch 13-14 Connaught Road Central, Hong Kong 2841 0410 Stanley Branch Shop 401, Shopping Centre, Stanley Plaza, 2813 2290 Central District Branch 2A Des Voeux Road Central, Hong Kong 2160 8888 Hong Kong Central District 71 Des Voeux Road Central, Hong Kong 2843 6111 Aberdeen Branch 25 Wu Pak Street, Aberdeen, Hong Kong 2553 4165 (Wing On House) Branch South Horizons Branch G38, West Centre Marina Square, 2580 0345 South Horizons, Ap Lei Chau, Hong Kong Shek Tong Tsui Branch 534 Queen’s Road West, Shek Tong Tsui, 2819 7277 Hong Kong South Horizons Branch Safe Box Shop 118, Marina Square East Centre, 2555 7477 Service Centre Ap Lei Chau, Hong Kong Western District Branch 386-388 Des Voeux Road West, Hong Kong 2549 9828 Wah Kwai Estate Branch Shop 17, Shopping Centre, Wah Kwai Estate, 2550 2298 Shun Tak Centre Branch Shop 225, 2/F, Shun Tak Centre, 2291 6081 Hong Kong 200 Connaught Road Central, Hong Kong Chi Fu Landmark Branch Shop 510, Chi Fu Landmark, Pok Fu Lam,
    [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]
  • HKMA Annual Report 1999
    Annex and Tables Annex and Tables Annex : Authorised Institutions and Local Representative Offices 142 Table A : Major Economic Indicators 149 Table B : Performance Ratios of the Banking Sector 151 Table C : Authorised Institutions: Country / Region of Beneficial Ownership 152 Table D : Presence of World’s largest 500 Banks in Hong Kong 154 Table E : Flow of Funds for All Authorised Institutions 156 Table F : Total loans and Deposits by Category of Authorised Institution 157 Table G : Balance Sheet: All Authorised Institutions 158 Table H : Total deposits from Customers by Type and Category of Authorised Institution 160 Table I : Authorised Institutions: Domicile and Parentage 161 Table J : Geographical Breakdown of Net External Claims / (Liabilities) of All Authorised Institutions 162 Table K : Assets by Country / Region of Beneficial Ownership of Authorised Institution 164 Table L : Deposits from Customers by Country / Region of Beneficial Ownership of Authorised Institution 165 Table M : Loans and Advances to Customers by Country / Region of Beneficial Ownership of Authorised Institution 166 Table N : Total Loans for Use in Hong Kong by Country / Region of Beneficial Ownership of Authorised Institution 167 Table O : Other Loans for Use Outside Hong Kong By Country / Region of Beneficial Ownership of Authorised Institution 168 Table P : Total Loans for Use in Hong Kong by Economic Sector 169 All amounts in this Report are in Hong Kong dollars unless otherwise stated. Annual Report 1999 141 ANNEX: Authorised Institutions and Local Representative
    [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]
  • Annual Report 2008
    Stock Code: 2388 BOC Hong Kong (Holdings) Limited Annual Report 2008 FORTIFYING OUR FOUNDATIONS 52/F Bank of China Tower, 1 Garden Road, Hong Kong Website: www.bochk.com in a challenging environment Annual Report 2008 Theme 2008 was a highly challenging year for both the Group and Hong Kong. Our major focus has been to safeguard the Group’s financial strength and competitiveness. The Group, just like our great mother nature, has the regenerative strength to face the challenges ahead of us. This provides the theme for our annual report – “Fortifying our Foundations in a Challenging Environment”. By riding on our solid foundation and strong franchise, the Group is able to proactively realign our development strategy to capture growing opportunities from the changing industry landscape, creating brighter prospects for our stakeholders. OUR VisioN OUR MissioN OUR CORE VALUES Build Social Responsibility TO BE customer satisfaction We care for and contribute to our communities and provide quality and professional Performance YOUR service We measure results and reward achievement Offer Integrity PREMIER rewarding career We uphold trustworthiness and business ethics opportunities and BANK cultivate staff Respect commitment We cherish every individual Combining the initials of mission Create Innovation and core values, we have values and deliver We encourage creativity superior returns to BOC SPIRIT shareholders Teamwork Be environmentally friendly for our better future We work together to succeed As a good corporate citizen, we do not use lamination and spot UV as normally adopted by the industry in our Annual Report 2008. Instead, we use varnishing, an environmentally friendly technique. The whole report is also printed on recyclable and elemental chlorine-free paper.
    [Show full text]
  • 2013 New Frontiers for Greater Opportunities
    2013 Annual Report Exploring New Frontiers f or Greater Opportunities BOC Hong Kong (Holdings) Limited BOC Hong Kong Annual Report 2013 Annual Report 52/F Bank of China Tower, 1 Garden Road, Hong Kong Website: www.bochk.com OUR VISION TO BE YOUR PREMIER BANK OUR MISSION OUR CORE VALUES Build Social Responsibility customer satisfaction and provide quality We care for and contribute to our communities and professional service Performance Be environmentally friendly for our better future Offer We measure results and reward achievement rewarding career opportunities and As a good corporate citizen, we do not use cultivate staff commitment Integrity lamination as normally adopted by the industry We uphold trustworthiness and business ethics in this report. Instead, we use varnishing, an Create environmentally friendly technique. The whole report values and deliver superior returns to Respect is also printed on recyclable and elemental chlorine shareholders We cherish every individual free paper. This demonstrates our efforts in working for the betterment of our future generations. Innovation Combining the initials of mission and We encourage creativity core values, we have Teamwork BOC SPIRIT We work together to succeed TdA – concept and design www.tda.com.hk Contents BOC Hong Kong (Holdings) Limited (“the Company”) was incorporated in Hong Kong on 12 September 2001 Financial Highlights 2 to hold the entire equity interest in Bank of China (Hong Kong) Limited (“BOCHK”), its principal operating subsidiary. Five-Year Financial Summary 3 Bank of China Limited holds a substantial part of its interests in the shares of the Company through BOC Hong Kong (BVI) Limited, an indirect wholly-owned Chairman’s Statement 6 subsidiary of Bank of China Limited.
    [Show full text]
  • Growing with Stronger Foundations
    BOC Hong Kong (Holdings) Limited Summary Financial Report 2003 Growing with Stronger Foundations This Summary Financial Report only gives a summary of the information and particulars contained in the “2003 Annual Report” (“annual report”) of the Company from which this Summary Financial Report is derived. Both the annual report and this Summary Financial Report are available (in both English and Chinese) on the Company’s website at www.bochkholdings.com. You may obtain, free of charge, 52/F Bank of China Tower, 1 Garden Road, Hong Kong a copy of the annual report (English or Chinese or both) from the Website: www.bochkholdings.com Company’s Share Registrar, Computershare Hong Kong Investor Services Limited, details of which are set out in Shareholder Information of this Summary Financial Report. Summary Financial Report 2003 Contents BOC Hong Kong (Holdings) Limited (“the Company”) was incorporated in Hong Kong 1 Financial Highlights on September 12, 2001 to hold the entire equity interest in Bank of China (Hong Kong) 2 Five-Year Financial Summary Limited (“BOCHK”), its principal operating 5 Chairman’s Statement subsidiary. Bank of China holds a substantial part of its interests in the shares of the 7 Chief Executive’s Report Company through BOC Hong Kong (BVI) Limited, an indirect wholly owned subsidiary 13 Management’s Discussion of Bank of China. and Analysis BOCHK is a leading commercial banking group in Hong Kong. With approximately 300 37 Corporate Information branches and about 450 ATMs and other 39 Board of Directors and delivery channels in Hong Kong, it offers a comprehensive range of financial products Senior Management and services to retail and corporate customers.
    [Show full text]
  • Office Address of the Labour Relations Division
    If you wish to make enquiries or complaints or lodge claims on matters related to the Employment Ordinance, the Minimum Wage Ordinance or contracts of employment with the Labour Department, please approach, according to your place of work, the nearby branch office of the Labour Relations Division for assistance. Office address Areas covered Labour Relations Division (Hong Kong East) (Eastern side of Arsenal Street), HK Arts Centre, Wan Chai, Causeway Bay, 12/F, 14 Taikoo Wan Road, Taikoo Shing, Happy Valley, Tin Hau, Fortress Hill, North Point, Taikoo Place, Quarry Bay, Hong Kong. Shau Ki Wan, Chai Wan, Tai Tam, Stanley, Repulse Bay, Chung Hum Kok, South Bay, Deep Water Bay (east), Shek O and Po Toi Island. Labour Relations Division (Hong Kong West) (Western side of Arsenal Street including Police Headquarters), HK Academy 3/F, Western Magistracy Building, of Performing Arts, Fenwick Pier, Admiralty, Central District, Sheung Wan, 2A Pok Fu Lam Road, The Peak, Sai Ying Pun, Kennedy Town, Cyberport, Residence Bel-air, Hong Kong. Aberdeen, Wong Chuk Hang, Deep Water Bay (west), Peng Chau, Cheung Chau, Lamma Island, Shek Kwu Chau, Hei Ling Chau, Siu A Chau, Tai A Chau, Tung Lung Chau, Discovery Bay and Mui Wo of Lantau Island. Labour Relations Division (Kowloon East) To Kwa Wan, Ma Tau Wai, Hung Hom, Ho Man Tin, Kowloon City, UGF, Trade and Industry Tower, Kowloon Tong (eastern side of Waterloo Road), Wang Tau Hom, San Po 3 Concorde Road, Kowloon. Kong, Wong Tai Sin, Tsz Wan Shan, Diamond Hill, Choi Hung Estate, Ngau Chi Wan and Kowloon Bay (including Telford Gardens and Richland Gardens).
    [Show full text]