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The China Motor Bus Company, Limited (Chinese: 中華汽車有限公司), often abbreviated as CMB, is a property developer based in Hong Kong. [1] Before its busfranchise lapsed in 1998, it was the first motor bus operator in Hong Kong, and was responsible for the introduction of the iconic double-decker buses to Hong Kong Island. [2]
China Merchants Bank (CMB) (Chinese: 招商银行; pinyin: Zhāoshāng Yínháng) is a Chinese bank headquartered in Futian District, Shenzhen, Guangdong, China. Founded in 1987, it is the first share-holding commercial bank wholly owned by corporate legal entities in China. CMB listed on the Shanghai Stock Exchange in 2002 and the Hong Kong ...
CMB Wing Lung Bank (Chinese: 招商永隆銀行; former stock no: SEHK: 96) is a bank based in Hong Kong.As of December 2018, the bank has 35 branches in Hong Kong, 4 branches in mainland China, 1 branch in Macau and 2 overseas branches, located respectively in Los Angeles and San Francisco in United States.
In 1933, bus services were franchised.Rights were given to Kowloon Motor Bus (KMB) on the North side, and China Motor Bus (CMB) on the Island. Other bus companies such as Hong Kong Tramways, Hong Kong & Shanghai Hotels, Hong Kong Hotel and Aberdeen Kai Fong, had to cease operations and their buses sold to the franchised operators.
In the early 1990s, the service levels of CMB were in decline. Therefore, the Government of Hong Kong started to introduce new competitors by transferring the franchise of CMB routes to other companies. As a result, Citybus became the second franchisee of the bus service on Hong Kong Island. Over 40 routes were transferred between 1991 and 1995 ...
Route 2 was classified as an urban flat-road route in 1972, with a ticket price the cheapest amongst the then three types of CMB routes. In the same year the first rear-powered bus in Hong Kong, a Daimler "Jumbo" (RXF1, later SF1) was assigned to the route. The Central terminus was changed to Hong Kong-Macau Ferry Pier on 1 September 1982.
After CMB's heyday in the 1960s and 70s, its service quality started to deteriorate in the 1980s, with service delays and aging vehicles. On 30 November 1989, CMB staff went on a strike due to problems on retirement pay. CMB services were completely suspended, and traffic on Hong Kong Island ran into chaos.
Partial air-conditioned service started on 27 February 1995, amongst the first batch of CMB routes to have done so. Route 8 was handed over to NWFB on 1 September 1998 following the end of CMB franchise on Hong Kong Island bus services. Later the Siu Sai Wan terminus was changed to Island Resort.