7
III. Investments in financial and related business
services sectors
1980
CCIC
(a joint venture
between
Bank of China
30%/%
First Bank of
Chicago - 30%
Started business as a finance company in 1980 and turned into a licensed DTC in 1983.
1983
1984
1984
Industrial Bank of
Japan -30%
China Resources Co. - 10%)
Chung Mao Securities Ltd.
(a joint venture
between Hsin Hau Trust, Saving and Commercial Bank Ltd., Po Sang Bank Ltd. and a local company)
Gold Polly Investment Co. Ltd.
(owned by
Everbright and two banks in the Bank of China group)
China Life Insurance Co. Ltd.
1984
China Investment and Finance Ltd.
Set up with a nominal capital of HK$5 million, engaged in the brokerage of shares and commodities.
Set up to engage in the provision of finance facilities.
Started business in Hong Kong with an initial capital of Rmb 5 million.
Set up to undertake merchant bank business.
(a joint venture
between China
International Trust and Investment
Corporation and Royal Bank of Canada)
1985
China Merchants Steam Navigation Co.
Bought 25% (valued at HK$90 million) of the total shares of Far East
Bank.