Describe the type of banking in Hong Kong prior to 1964
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Banking Ordinance The Banking Ordinance is a set of laws passed by the Legislative Council of Hong Kong to tighten restrictions for opening up or licensing a bank. Prior to the 1964 re-regulations, the government had no way to control bank's monetary effect on the economy. It also had no way of protecting the people utilizing the institutions. Banking was considered a Laissez-faire network, and was also described as "Free Banking" or "Wildcat Banking" filled with much uncertainty.
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Laissez-faire Laissez-faire ( ; ] ; from French: "laissez faire" , 'let do' ) is an economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs, and subsidies. The phrase "laissez-faire" is part of a larger French phrase and basically translates to "let (it/them) do", but in this context usually means to "let go".
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China Construction Bank (Macau) The China Construction Bank Corporation Macau Branch () is a bank in Macau, China. It was wholly owned by China Construction Bank (Asia) , a wholly owned subsidiary of China Construction Bank, and renamed from China Construction Bank (Macau) Corporation Limited ()) after its incorporation with China Construction Bank in June 2014. It now has 8 subbranches in Macau offering retail banking products and services, a Commercial Banking Division and a China Enterprise Division offering commercial banking products and services. It was originated from the Bank of Canton (Macau Branch) which was established in 1936.
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Michael David Cartland Michael David Cartland (簡德倫) was the Secretary for Financial Services of Hong Kong during British rule in the 1990s and consultant based in Hong Kong.
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Sun Hung Kai &amp; Co. Sun Hung Kai & Co. Limited is a financial services firm with a focus on Greater China, specialising in Structured Finance and Consumer Finance. The company has more than 200 branches and offices across Hong Kong and Mainland China. It holds a significant strategic investment in Sun Hun Kai Financial Limited in Hong Kong. The company is controlled by Lee Seng Huang. It had about HK$14.9 billion in shareholders’ equity as of 31 December 2014.
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Youth in Hong Kong Youth in Hong Kong, according to the University of Hong Kong Statistical Profile, includes citizens of the Chinese territory of Hong Kong aged 15–24 years. As of 2011, youth in Hong Kong ages 15–24 made up 12.4% of Hong Kong's overall population at 875,200 people. Hong Kong is a hybrid culture, influenced by China and Britain, but overall by its international economic ties, which plays a role in shaping the lives of the youth in Hong Kong. The youth in Hong Kong are unique in the fact that many are living Transnationalist identities. The demographics are not just ethnically Chinese youth in Hong Kong, but also youth that are ethnically White, Indonesian, Filipino, which can be seen in Demographics of Hong Kong, and that creates a unique society. "Although with a dominant Chinese population, Hong Kong is an international city and is a mix of East and West rich in cultures, history, and religions." The disparity between the rich and poor within Hong Kong has been growing wider.
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Hong Kong Letters Patent The expression <nowiki>'</nowiki>Hong Kong Letters Patent<nowiki>'</nowiki> is most commonly used to refer to the Hong Kong Letters Patent 1917, one of the principal constitutional documents of British Hong Kong (others being the Hong Kong Letters Patent 1960, the Hong Kong Letters Patent 1982, the Hong Kong Letters Patent 1991 (No. 1), and the Hong Kong Royal Instructions 1917); however, it may also refer to any other Hong Kong Letters Patent or be used as a generic term covering all Hong Kong Letters Patent.
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Canadians in Hong Kong Like their American counterparts, a significant number of Canadians live and work in Hong Kong. Many are former Hong Kong residents that left prior to the 1997 handover and later returned when they had a Canadian passport and had some of the fears allayed. Some are non-Chinese who have come to Hong Kong to work. A few actors and numerous business people have ties to Canada.
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Generale Belgian Bank Generale Belgian Bank was a bank established by Belgium's Generale Bank in Hong Kong in 1935, yet it was incorporated in Belgium. It merged with Fortis's operations in Hong Kong in 1998 and was renamed Fortis Bank Asia HK, trading as Fortis Bank Asia(華比富通銀行). It has been the banker of the Catholic Diocese of Hong Kong and also one of the two banks in the region to provide equipment loans.
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Standard Chartered Bank Building The Standard Chartered Bank Building is a skyscraper located in the Central district of Hong Kong. The tower rises 42 floors and 185 m in height. The building was completed in 1990. It was designed by architectural firm P & T Architects & Engineers Ltd.. The Standard Chartered Bank Building, which stands as the 85th-tallest building in Hong Kong, is composed entirely of commercial office space.
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Oriental Bank Corporation The Oriental Bank Corporation () was a bank in India in the 19th century. It was also the first bank in Hong Kong and the first bank to issue banknotes in Hong Kong.
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Shopping in Hong Kong Shopping is a popular social activity in Hong Kong, where basic items for sale do not draw any duties, sales taxation, or import taxation. Only specific import goods such as alcohol, tobacco, perfumes, cosmetics, cars and petroleum products have associated taxes. For companies, there is a 17.5% corporate tax, which is lower than international standards. Shoppers reportedly spend over US$5.2 billion a month in Hong Kong shops.
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New towns of Hong Kong New Towns in Hong Kong are areas that the Hong Kong government started developing in the 1950s, in order to accommodate the booming population. At the first phase of development, the newly developed towns were called "satellite town", a concept borrowed from the United Kingdom, of which Hong Kong was then still a colony. Kwun Tong, located at eastern Kowloon, and Tsuen Wan, located at the south-west New Territories, were designated as the first two satellite towns, when the urban area in Hong Kong was still relatively small, restricted to the central and western part of Kowloon Peninsula and the northern side of Hong Kong Island. Wah Fu Estate was also built in a remote corner at the southern side of Hong Kong Island, with similar concepts in a smaller scale.
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Legal education in Hong Kong Legal education in Hong Kong generally refers to the education of lawyers before entry into practice. (Other types of legal education, such as that of Legal Executives/Paralegals, and of the education of lawyers after admission to the High Court of Hong Kong (Continuing Professional Development) are not covered in this article.)
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China Banking Regulatory Commission The China Banking Regulatory Commission (CBRC) is an agency of the People's Republic of China (PRC) authorised by the State Council to regulate the banking sector of the PRC except the territories of Hong Kong and Macau, both of which are special administrative regions. In response to their swelling debt loads, undercapitalization and non-transparent business practices, the government of China recapitalized the banks and set up the CBRC as the country’s independent banking regulator in 2003. Liu Mingkang was appointed its first chairman and served until 2011, when he was replaced by Shang Fulin.
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Pawnbrokers in Hong Kong Pawnbroking is one of the earliest businesses in Hong Kong. The pawnshop is a financial institution that receives movable and immovable property as collateral, lending money to the others. Private sole proprietorship or partnership were the common type of ownership. Clients have to pay interest in order to redeem goods. Pawnshop is a place for people to deal with financial difficulties. There are around three to five employees for a small pawn shop and a dozen of employees for a large one. In 2015, there were 205 pawn shops in Hong Kong, and their number had increased slightly over the previous five years.
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Economic Analysis and Business Facilitation Unit The Economic Analysis and Business Facilitation Unit (EABFU) of the Hong Kong government was formed under the Financial Secretary’s Office on 1 June 2004, when the HKSAR Government merged the Economic Analysis Division (under the Financial Services Branch of the Financial Services and the Treasury Bureau) and the Business Facilitation Division (previously under the Commerce and Industry Branch of the Commerce, Industry and Technology Bureau).
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Women in Hong Kong "See also (British Hong Kong)"
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Law Society of Hong Kong Established in 1907, The Law Society of Hong Kong () is the professional association and law society for solicitors in Hong Kong. The Hong Kong Bar Association is the equivalent association for barristers in Hong Kong.
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Stanley Kwan (banker) Stanley Shih Kuang Kwan (; January 10, 1925 – December 31, 2011) was a Hong Kong banker best known for creating the Hang Seng Index. The Hang Sang Index opened on November 24, 1969.
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China Construction Bank (Asia) China Construction Bank (Asia) Corporation Limited (Traditional Chinese: 中國建設銀行(亞洲)股份有限公司) is a licensed bank incorporated in Hong Kong.
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Banking foundation Banking foundation is a type of foundation that originated as a bank. The banking reforms split the banks (usually local and community owned saving banks, as a statutory corporation) into limited company and holding company (or banking foundation).