Banking
He founded the Chinese Commercial Bank in 1912 together with other members of the Singapore Hokkien business community. Together with Lim Boon Keng, Seow Poh Leng and others he founded the Ho Hong Bank in 1917. In 1932, The Chinese Commercial Bank and the Ho Hong Bank merged with the Oversea-Chinese Bank to form the Oversea-Chinese Banking Corporation, later known as OCBC.
Read more about this topic: Lim Peng Siang
Famous quotes containing the word banking:
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)