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. CHB completed the issue of US$300,000,000 Additional Tier 1 Capital Securities on 25 September 2014, which are now listed on the Hong Kong Stock Exchange under Stock Code 05804. CHB has become a member of Yuexiu Group since 14 February 2014. Yuexiu Group was established in Hong Kong in 1985. As at the end of 2013, Yuexiu Group, which is a state-owned enterprise group with the largest assets and leading performance in overall economic efficiency in Guangzhou, had total assets of around RMB200 billion. In addition to the Head Office in Hong Kong, CHB currently operates a network of 51 local branches as well as branches in Shantou, Macau and San Francisco, a sub-branch in Guangzhou and a representative office in Shanghai.
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, wealth management, Capital Investment Entrant Scheme, mandatory provident fund service, trade finance, corporate banking and syndicated loans. Through its subsidiaries, it also offers securities trading, financial management and insurance services.
Over the years CHB has endeavored to serve the changing needs of its customers. In 1999, CHB, in conjunction with nine local banks, formed Bank Consortium Holding Limited ("BCH") which has started to provide MPF services (with both Master Trust Scheme and Industry Scheme) through Bank Consortium Trust Company, BCH's wholly-owned subsidiary, since February 2001. Chong Hing Securities Limited ("CHS"), its wholly-owned subsidiary, has been admitted as the first batch of brokers adopting the AMS/3 (OG/BSS) system. Its one-stop Online Securities Trading and Stock Quote Services provide customers a rapid and all-around investment channel. All in all, CHB endeavors to grow alongside its customers and to offer ever better services.