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The history of Standard Chartered in Hong Kong dates back to 1859, when The Chartered Bank of India, Australia and China opened a branch in Hong Kong. The Bank started issuing banknotes of the Hong Kong dollar in 1862, and still does so today. In 2000, Standard Chartered acquired Hong Kong–based retail banking business of the Chase Manhattan ...
Clearing House Automated Transfer System. The Clearing House Automated Transfer System, or CHATS, is a real-time gross settlement (RTGS) system for the transfer of funds in Hong Kong. It is operated by Hong Kong Interbank Clearing Limited, a private company jointly owned by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association ...
Faster Payment System (FPS; Chinese: 快速支付系統, more commonly known as 轉數快) is a real-time gross settlement [1] payment system in Hong Kong that connects traditional banks and electronic payment and digital wallet operators. [2] Users are able to perform instant money transfer or make payment to merchants by using the recipient's ...
China Bohai Bank (simplified Chinese: 渤海银行; traditional Chinese: 渤海銀行; pinyin: Bóhǎi Yĺnháng) is a commercial bank in Tianjin, China. Established on December 31, 2005, and opened for business in February 2006. The bank had a registered capital of CN¥ 8.5 billion and net equity of CN¥35.6 billion as at 31 December 2015. [1]
Standard Chartered Bank Building. The Standard Chartered Bank Building (Chinese: 渣打銀行大廈) is a skyscraper located in Central, Hong Kong. The tower rises 42 storeys and 191 metres (627 ft) in height. The building was completed in 1990. It was designed by architectural firm P & T Architects & Engineers Ltd.
In 1985, 20-dollar notes were introduced, whilst, in 1993, a 10-dollar coin was introduced and the banks stopped issuing 10-dollar notes. In 1994, the Hong Kong Monetary Authority (HKMA), gave authority to the Bank of China to issue notes. The 1-cent note issued by the Government was demonetised and ceased to be legal tender on 1 October 1995.
The Hong Kong one hundred and fifty dollar note is a commemorative banknote issued by the Standard Chartered Bank (Hong Kong) on 1 October 2009 and HSBC on 2015 to commemorate on the 150th Anniversary of the Standard Chartered Hong Kong branch [ 1] and HSBC respectively. It is the world's first 150 base unit denomination banknote. [ 2]
Banking. The Cross-border Interbank Payment System (CIPS) is a Chinese payment system that offers clearing and settlement services for its participants in cross-border renminbi (RMB) payments and trade. CIPS is backed by the People's Bank of China and was launched in 2015 as part of a policy effort to internationalize the use of China’s currency.