Description:"Chong Hing Bank Limited (""CHB"") (formerly known as 'Liu Chong Hing Bank Limited') was founded in 1948 and was spun off from Liu Chong Hing Investment Limited (Hong Kong Stock Exchange's Stock Code: 00194) to become a public listed company (Hong Kong Stock Exchange's Stock Code: 01111) in 1994. Shares in CHB were selected in 1996 as a constituent stock of the Hang Seng MidCap 50 Index and have now been selected as a constituent stock of the Hang Seng Composite Index Series. In December 2006 and November 2010, CHB completed the issues of US$125,000,000 Floating Rate and US$225,000,000 6% Subordinated Notes due 2016 and 2020 respectively. The Notes due 2020 are now listed on the Hong Kong Stock Exchange under Stock Code 04327. All of the outstanding Notes due 2016 were fully redeemed by CHB on 16 December 2011 and delisted upon the Hong Kong Stock Exchange’s close of business on 9 January 2012. In addition to the Head Office in Hong Kong, CHB currently operates a network of 51 local branches as well as three branches (one in each of Shantou, Macau and San Francisco) and two representative offices (one in each of Guangzhou and Shanghai) outside Hong Kong. CHB offers a wide range of retail and wholesale financial banking products which include HKD & foreign currency deposits, remittances, safe deposit boxes, credit cards, mortgages, mandatory provident fund service, trade finance, corporate banking and syndicated loans. Through its subsidiaries, it also offers security trading, financial management and insurance services."
Type:Commercial and Private Banking
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