View source for Chiyu Banking Corporation

{{Short description|Bank incorporated in Hong Kong}}
{{primary sources|date=September 2018}}
{{Use Hong Kong English|date=November 2018}}
{{Use dmy dates|date=November 2018}}
{{Infobox company
| name             = Chiyu Banking Corporation
| trade_name       = Chiyu Bank
| native_name      = 集友銀行
| native_name_lang = zh
| image            = Chiyu Bank Building in 2018.jpg
| image_size       = 
| caption          =
| founded          = {{start date and age|1947|07|15|df=yes}}
| founder          = [[Tan Kah Kee]]
| type             = Subsidiary
| area_served      = [[Hong Kong]]
| services         = 
| key_people       = 
| parent           = [[Xiamen International Bank]]
| website          = {{url|http://www.chiyubank.com}}
| module           = 
{{Infobox Chinese
| child=yes
| t = 集友銀行
| s= 集友银行
| p= Jíyǒu yínháng
| y = Jaahp yáuh ngàhn hòhng
| j = Zaap<sup>6</sup> jau<sup>5</sup> ngan<sup>4</sup> hong<sup>4</sup>
| altname= full name
|t2=集友銀行有限公司
| order=ts
}}
}}
'''Chiyu Banking Corporation Limited''' also known as '''Chiyu Bank''' is a [[bank]] incorporated in [[Hong Kong]].

== History ==

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==
[[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.,<ref>{{cite press release|url=http://www.bochk.com/dam/document/chiyutransfer/san_new_en.pdf |title=Notice of the Effective Date of the Share Transfer of Chiyu|publisher= Bank of China (Hong Kong); Chiyu Banking Corporation|access-date=28 June 2019}}</ref> 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.<ref>{{cite press release|url=http://www.bochk.com/dam/bochk/an/2016/20161222a_en.pdf |title=JOINT ANNOUNCEMENT PROPOSED DISPOSAL OFINTERESTS IN CHIYU BANK|date=22 December 2016 |access-date=28 June 2019|publisher=Bank of China; BOC Hong Kong (Holdings)}}</ref>

== References ==
{{Reflist}}

==External links==
{{Portal|Banks}}
*{{Official website|http://www.chiyubank.com/}}
{{commons category|Chiyu Banking Corporation}}

{{Bank of China}}
{{Banks of Hong Kong}}

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[[Category:Banks of Hong Kong]]
[[Category:Banks established in 1947]]
[[Category:Bank of China]]
[[Category:1947 establishments in Hong Kong]]


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