China Bohai Bank: Difference between revisions
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'''Bohai Bank''' ({{zh|s=渤海银行|t=渤海銀行|p=Bóhǎi Yĺnháng}}) is a commercial [[bank]] in [[Tianjin]], [[China]]. The capital of the bank is 5 billion [[Renminbi|yuan]] (US$616.5 million). |
'''Bohai Bank''' ({{zh|s=渤海银行|t=渤海銀行|p=Bóhǎi Yĺnháng}}) is a commercial [[bank]] in [[Tianjin]], [[China]]. The capital of the bank is 5 billion [[Renminbi|yuan]] (US$616.5 million). |
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The bank was the brainchild of the tianjin mayor |
The bank was the brainchild of the tianjin mayor Dai Xiang Long who turned a national banking licence for Tianjin, that had been promised to the city in the mid 1990s, into reality and in the process kicking off an important upgrading of the Tianjin financial system. This was the 1st national banking licence to have been approved by the State Council since Minsheng Bank in 1995. |
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The precondition for the national licence, stipulated by the regulators, was that foreign expertise should be brought in to ensure that that the bank could herald a new era for Chinese banking following the modern organisational design of western banks, in particular the risk management system. |
The precondition for the national licence, stipulated by the regulators, was that foreign expertise should be brought in to ensure that that the bank could herald a new era for Chinese banking following the modern organisational design of western banks, in particular the risk management system. |
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In turn a small set up team was formed from local bank officials and a beauty contest was held for the foreign banking partner. Standard chartered bank was selected and a 19.99% shareholding for agreed. |
In turn a small set up team was formed from local bank officials and a beauty contest was held for the foreign banking partner. Standard chartered bank was selected and a 19.99% shareholding for agreed. |
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The first appointed official of the bank was |
The first appointed official of the bank was Simon Page, the Chief Risk Officer who took up the post in October 2004. A small group of officials from Standard Chartered Bank joined the set up team and the preparation for the bank began under the guidance of the project director Clive Haswell. |
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In august 2005 the chairman and chief executive were selected, Yang Zi Lin and Ma Teng and the business licence was approved on 31st December 2005. |
In august 2005 the chairman and chief executive were selected, Yang Zi Lin and Ma Teng and the business licence was approved on 31st December 2005. |
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Revision as of 04:27, 28 November 2010
Bohai Bank (simplified Chinese: 渤海银行; traditional Chinese: 渤海銀行; pinyin: Bóhǎi Yĺnháng) is a commercial bank in Tianjin, China. The capital of the bank is 5 billion yuan (US$616.5 million). Bohai Bank (simplified Chinese: 渤海银行; traditional Chinese: 渤海銀行; pinyin: Bóhǎi Yĺnháng) is a commercial bank in Tianjin, China. The capital of the bank is 5 billion yuan (US$616.5 million).
The bank was the brainchild of the tianjin mayor Dai Xiang Long who turned a national banking licence for Tianjin, that had been promised to the city in the mid 1990s, into reality and in the process kicking off an important upgrading of the Tianjin financial system. This was the 1st national banking licence to have been approved by the State Council since Minsheng Bank in 1995.
The precondition for the national licence, stipulated by the regulators, was that foreign expertise should be brought in to ensure that that the bank could herald a new era for Chinese banking following the modern organisational design of western banks, in particular the risk management system.
In turn a small set up team was formed from local bank officials and a beauty contest was held for the foreign banking partner. Standard chartered bank was selected and a 19.99% shareholding for agreed.
The first appointed official of the bank was Simon Page, the Chief Risk Officer who took up the post in October 2004. A small group of officials from Standard Chartered Bank joined the set up team and the preparation for the bank began under the guidance of the project director Clive Haswell.
In august 2005 the chairman and chief executive were selected, Yang Zi Lin and Ma Teng and the business licence was approved on 31st December 2005. The first branch opened in Tianjin on 16th February 2006 and offered basic retail banking deposit services and corporate banking lending, trade and deposit services.
External links
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External links
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