Search results
Results from the WOW.Com Content Network
BOC International Holdings Limited, shortly BOCI, is the wholly owned subsidiary of Bank of China, which offers investment banking and securities brokerage services. It was established in 1998 and headquartered in Hong Kong. It has subsidiaries in New York, London, Singapore, Beijing, Shanghai, Guangzhou and Chongqing. [1] [2] [3]
This means that BOCHK acts as a settlement agent for RMB banknotes and funds in Hong Kong and an intermediary between banks in Hong Kong and the People's Bank of China, the central bank of the People's Republic of China. In return, BOCHK takes a 0.125% cut of all RMB deposits in Hong Kong that are repatriated back to mainland China.
BOC started operations in Hong Kong in 1917. [citation needed] It became Hong Kong's third note-issuing bank in 1994, and in Macau in 1995. [42] In 2001, BOC regrouped its Hong Kong operations into Bank of China (Hong Kong); then BOCHK listed on the Hong Kong Stock Exchange in October 2002. Two-thirds of its share capital are in free float
The site was originally occupied by the eastern part of the old City Hall, which had been built in 1869.The western part of the City Hall was demolished in 1933 to make way for the 3rd generation of the Hong Kong & Shanghai Bank Building, while the eastern part was demolished in 1947 to make way for the Bank of China Building.
The 6,700 m 2 (72,000 sq ft) site on which the building is constructed was formerly the location of Murray House. After its brick-by-brick relocation to Stanley, the site was sold by the Government for "only HK$1 billion" in August 1982 amidst growing concern over the future of Hong Kong in the run-up to the transfer of sovereignty.
In 1999, it formed a joint venture with BOC International named BOCI-Prudential Asset Management to provide services for Mandatory Provident Fund scheme in Hong Kong. [ 1 ] [ 2 ] [ 8 ] [ 9 ] In 2005, it formed a joint venture with CITIC Group named CITIC-Prudential Fund Management Company which is based in Shanghai .
0081 Hang Seng Investment Index Funds Series II - Hang Seng Index ETF, also listed at Hong Kong Stock Exchange and Shenzhen Stock Exchange This ETF was delisted on December 9, 2015. 008201 BOCI-Prudential - W.I.S.E. - SSE 50 China Tracker, also listed at Hong Kong Stock Exchange
The Association was renamed the Hong Kong Stock Exchange in 1914. [citation needed] A second exchange, the Hong Kong Stockbrokers' Association was incorporated in 1921. The two exchanges merged to form the Hong Kong Stock Exchange in 1947 and re-establish the stock market after the Second World War.