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History 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.
He joined the Chartered Bank of India, Australia and China, serving throughout the Far East from 1954 to 1975. He became the Area General Manager, Hong Kong from 1975–87 and Senior General Manager (London) for Asia Pacific Region, and the Executive Director of the Standard Chartered Bank PLC (SCB) in 1987.
It has secondary listings on the Hong Kong Stock Exchange, the National Stock Exchange of India, and OTC Markets Group Pink. Its largest shareholder is the Government of Singapore -owned Temasek Holdings. [4][5][6] The Financial Stability Board considers it a systemically important bank. José Viñals is the group chairman of Standard Chartered ...
As one of the top five financial centres worldwide, Hong Kong has one of the highest concentrations of banking institutions in the world, with 70 of the largest 100 banks in the world having an operation in Hong Kong. As of 2019, there were 164 licensed banks, 17 restricted licence banks and 13 deposit-taking companies in business, constituting a total of 194 authorized institutions. In ...
Origins till 1900 In the 1860s the Oriental Bank Corporation (now defunct), the Chartered Bank of India, Australia and China (now Standard Chartered Bank) and the Hong Kong and Shanghai Banking Corporation (HSBC) began issuing notes. Denominations issued in the 1860s and 1870s included 1, 5, 10, 25, 50, 100 and 500 dollars.
The Chartered Bank of India, Australia and China—a bank incorporated in London, was founded in 1853 in London [4] by James Wilson; following the grant of a Royal Charter from Queen Victoria. [5] In 1858, it opened its first branches in Calcutta, Bombay and Shanghai. The bank's operations were expanded to Hong Kong and Singapore in 1859 ...
HSBC is one of the three commercial banks which are authorised to issue banknotes for Hong Kong - the other two being the Bank of China (Hong Kong) and Standard Chartered Bank (Hong Kong). [6] Of the total notes in circulation measured by value, HSBC is the most prolific issuer, its notes representing 67.7% of those in issue.
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