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Bank incorporated in Hong Kong
Chiyu Banking Corporation Limited
also known as
Chiyu Bank
is a
bank
incorporated in
Hong Kong
.
History
[
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]
It was founded by
Tan Kah Kee
on 15 July 1947, and it has 23 branches in Hong Kong and focuses on serving the community of
Fujianese people in Hong Kong
.
Chiyu was explicitly created by Chen to create a sustainable business with profits to be devoted to education in
Xiamen
and the rest of Fujian province in
China
. Since its founding, it has spent more than HK$1 billion in education in the province, primarily through funding
Jimei University
and its related schools.
Ownership
[
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]
Bank of China (Hong Kong)
gradually accumulated a 70% stake in Chiyu in the 1970s; the rest of the bank is held by the
Jimei University
foundation, the government of
Xiamen
Municipality City and minority shareholders.
On 27 March 2017, Bank of China (Hong Kong) disposed of all of its 70.49% of interests in Chiyu.,
[1]
selling most of it to Xiamen International Investment Limited, a wholly owned subsidiary of Xiamen International Bank Co. Ltd, and part of it (6.18% of Chiyu) to the Committee of Jimei Schools.
[2]
References
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]
External links
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]
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Divisions and
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Licensed Banks
Incorporated in Hong Kong
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22°17′02″N
114°09′22″E
/
22.2839°N 114.1560°E
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22.2839; 114.1560