Corporate Structure and BOC Hong Kong Holdings
BOCHK is listed under the name of BOC Hong Kong (Holdings) Limited (BOCHK Holdings), a holding company whose principal, 100% owned subsidiary is BOCHK. The holding company is listed on the Stock Exchange of Hong Kong and as ADRs in the US under the symbol BHKLY. BOCHK Holdings is a constituent of the Hang Seng Index. The listing of BOCHK Holdings in July 2002 listing was the first international stock listing by a Mainland China bank; until that time, other Mainland Chinese bank listings were done in the domestic "A-share" market.
For the 12 months ended 31 December 2003, BOCHK Holdings earned HK$11.6 billion in operating income and HK$8.0 billion in net profit. As of 7 June 2006, 65.805% of BOCHK Holdings is held by Bank of China, in turn 69.265% owned by Central Huijin Investment, an investment holding company 100% owned by the Government of the People's Republic of China.
Read more about this topic: Bank Of China (Hong Kong)
Famous quotes containing the words corporate, structure and/or holdings:
“If when a businessman speaks of minority employment, or air pollution, or poverty, he speaks in the language of a certified public accountant analyzing a corporate balance sheet, who is to know that he understands the human problems behind the statistical ones? If the businessman would stop talking like a computer printout or a page from the corporate annual report, other people would stop thinking he had a cash register for a heart. It is as simple as that—but that isn’t simple.”
—Louis B. Lundborg (1906–1981)
“When a house is tottering to its fall,
The strain lies heaviest on the weakest part,
One tiny crack throughout the structure spreads,
And its own weight soon brings it toppling down.”
—Ovid (Publius Ovidius Naso)
“Polarized light showed the secret architecture of bodies; and when the second-sight of the mind is opened, now one color or form or gesture, and now another, has a pungency, as if a more interior ray had been emitted, disclosing its deep holdings in the frame of things.”
—Ralph Waldo Emerson (1803–1882)