Listed Companies in Hong Kong- Part 2 (Banking Industry)

Listed Companies in Hong Kong- Part 2 (Banking Industry) Student’s Name Institutional Affiliation Listed Companies in Hong Kong-Part 2 (Banking Industry) In this bank analysis, we are going to consider the top 5 banks in Hong Kong and analyses them according to their profitability, assets, number of subsidiaries and branches across the Hong Kong and recommendations. The chosen banks to be analyzed include; the Bank of China (Hong Kong), the Bank of East Asia limited, Wing Lung Bank, Fubon Bank (Hong Kong), and Citibank (Hong Kong). The analysis will help us to rank the banks further according to the level of growth and customer retention. The Bank of China (Hong Kong) One of the most popular banks in Hong Kong is the bank of China (Hong Kong). The name of this bank is shortened as BOCHK. This bank is a subsidiary of the Chinese operating bank known the Bank of China through the bank of China holding company which is listed in the Hong Kong financial markets. The data at the end of the year 2016 shows that the bank of China (honking) is the second largest bank in Hong Kong. The information is based on the customer deposits, the number of branches in Hong Kong and short term together with its long-term assets. This bank is permitted by the Hong Kong monetary authorities to issue the Hong Kong dollar notes making it one of the three important banks in Hong Kong. The BOCHK is separate legal entity fro is parent company which is the bank of China, but there is a close relationship between the two because of the use similar managerial functions and also corporate in the reselling of the assets and security services. BOCHK is the largest member and a founder of the JETCO payment system and ATM which is designated for making payments around Hong Kong. The bank ok of China (Hong Kong) operates separately since its separation from a merger of 12 groups in the year 2001. Since its separation from the subsidiaries, it was listed in the Hong Kong financial and stock exchange in the year 2002. The bank has drastically grown because, at the end of the year 2016, it was reported to possess HK$2.372billion in assets and a further operating profit of HK$29 billion in cash found in their head office at the banks tower in Hong Kong. The building which houses the bank of China Hong Kong was one of the first structures to be taller than 100 feet outside the United States of America. The building was fully completed in the year 1988, and it also houses the parent company which the bank of China. Bank of China Hong Kong awards and rankings (2013) Trade Finance magazine: “Best in trading and finance bank in China.” (2013) The Asian banker of the tear: “best in internet banking products in Hong Kong.” (2013) Director and boards: “gold round table” awarded by the board. (2013) the asset: best service provider in Hong Kong. Bank of East Asia The bank of East Asia usually abbreviated as BEA main operates in the Hong Kong-mainland. The BEA stands as one of the six biggest banks in Hong Kong on the bases of short term and long term assets. The head office of the bank of East Asia is in central Hong Kong which is headed by its executive chairman Sir David Li. This bank was started in Hong Kong by nine founder members in November 1918. The current...