Chiyu Banking Corporation

Chiyu Banking Corp.

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Chiyu Banking Corporation Limited (traditional Chinese: 集友銀行) is a bank incorporated in Hong Kong.

History

It was founded by Tan Kah Kee in 1947, and it has 23 branches in Hong Kong and focuses on serving the community of residents of Fujian descent 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.

Shareholdings

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.

Chiyu is now operated as a subsidiary of BOCHK with the same IT platform and back office support teams.

External links

• Official website

Bank of China
Divisions and subsidiaries	Current Bank of China (Canada) Bank of China (Hong Kong) Bank of China Insurance BOC Aviation BOC Hong Kong (Holdings) BOC International Chiyu Banking Corporation Nanyang Commercial Bank Defunct and former Bank of China Group The China & South Sea Bank China State Bank Hua Chiao Commercial Bank Kincheng Banking Corporation Kwangtung Provincial Bank The National Commercial Bank Po Sang Bank Sin Hua Bank Yien Yieh Commercial Bank
People	Chang Kia-ngau T. V. Soong Pei-yuan Chia Liu Jinbao Xiao Gang
Places and buildings	Bank of China Building (Hong Kong) Bank of China Building (Macau) Bank of China Building (Shanghai) Bank of China Building (Singapore) Bank of China Centre (Hong Kong) Bank of China Mansion (Qingdao) Bank of China Tower (Hong Kong) Bank of China Tower (Shanghai)
Other	JETCO
Category Commons

Coordinates: 22°17′02″N 114°09′22″E / 22.2839°N 114.1560°E / 22.2839; 114.1560