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HKGCC: Helping Business Since 1861

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                              April 2001 -- 140th Anniversary Special Edition

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bank of east asia.jpg (18090 bytes)
Year joined, 1920

The Bank of East Asia Limited

The Bank of East Asia was established by Li Koon-chun, Li Tse-fong and Kan Tong-po in 1918 with an aim of serving the needs of the Chinese community. In the years since, the bank has been offering modern and comprehensive banking services, and is characterised by its sound management systems and financial prudence.

In the past 83 years, the bank has made various significant achievements. It was the first local Chinese bank to be incorporated as a public company with shares quoted on the stock exchanges. In 1969, it became the first local bank to computerise its operations. In 1975, it launched the first Hong Kong dollar credit card in conjunction with the Bank of America. In 1995, the bank acquired United Chinese Bank, adding 19 outlets to its local branch network. In 1999, it became the first bank in Hong Kong to offer cybertrading, an online share trading service. In the same year, the bank launched Cyberbanking to enable customers to manage finances anytime, anywhere through a variety of electronic channels. In December 2000, the bank successfully acquired First Pacific Bank, giving the bank a competitive advantage in the local market.

Today, the Bank of East Asia is the largest independent local bank in Hong Kong with total assets of HK$177 billion. With over 5,000 staff members, the bank operates 133 branches in Hong Kong, 16 in China and an overseas network spreading to the United States, Canada, the United Kingdom, the British Virgin Islands, Singapore, Malaysia, the Philippines and Vietnam.

The bank's strength and quality banking services have been widely recognised in recent years. In 2000, the bank received the Euromoney Awards for Excellence 2000 as the Best Domestic Bank in Hong Kong. Its East Asia Cyberbanking and Cyberbanking services were awarded winner of Asian Banking Awards 2000 in the "New Business Venture" category. B

 

Year joined, 1920

Edward Keller Limited

In the late 1860s Edward Anton Keller sailed from Switzerland to establish a trading company in the Philippines. The Zurich head office was founded in 1887 and established as a limited company in 1908 in Switzerland. In the same year, Edward Keller Philippines was established by Edward Anton Keller. In 1923 Harry Keller founded and managed the Hong Kong branch with trading relations to China and Macau. Emphasising quality and reliability, the company diversified its product lines to include a wide variety of consumer products and industrial materials. During the late '50s and early '60s, Edward Keller Limited expanded into Australia and New Zealand through the acquisition of several trading and marketing companies, and today has offices throughout Asia and China.

 

Year joined, 1921

The Hongkong and Shanghai Hotels, Limited

HK Shanghai hotel1.jpg (17082 bytes)The company, whose premier brand is The Peninsula group of hotels, traces its roots to 1866 and two principal cities, Hong Kong and Shanghai. One of the first three companies to be listed on the Hong Kong stock exchange, HSH has been under the stewardship of the majority owners, the Kadoorie family, for much of its history.

Several of the properties closely identified with the company are historic icons in the hospitality industry; their heritage has been carefully preserved even as they have been positioned for the future. These include the flagship Peninsula Hong Kong (1928); The Peninsula New York (1905 Beaux Arts building, originally The Gotham Hotel); and the 1984 reconstruction of the facade of The Repulse Bay Hotel (1920).

International expansion of The Peninsula brand began in the second half of the 20th century. At the beginning of the 21st century, the premier business of the hkshanghai hotel2.jpg (13159 bytes)company is the ownership and operation of deluxe hotels in international gateway cities.

The current portfolio includes eight operating hotels in Asia and the USA, with a ninth under construction. On completion of The Peninsula Chicago in mid-2001, the room inventory will total 3,312. In addition to rooms revenues, the company derives income from shopping arcades and office space in several of the hotels, with net lettable commercial space of 193,644 square feet.

The company also manages several of the top private members clubs in Hong Kong and Beijing as well as The Wing, Cathay Pacific's First and Business Class lounges at Hong Kong International Airport. B

 

Year joined, 1923

Jardine Engineering Corp Ltd

jardine engineering.jpg (39049 bytes)

JEC Hong Kong staff in the 1930s.

Jardine Engineering Corporation Ltd's (JEC) memorable history began in Shanghai in 1923. Born out of the Engineering Department of Jardine Matheson Group, this specialist engineering company set out with the specific aim of servicing a rapidly industrializing Shanghai as well as the vast development that was starting to take place all over China. These early activities included railways, textile machinery, marine motors, electrical appliances, paint and oil, all necessary constituents for the infrastructure of a modernizing economy.

JEC's involvement in the building sector also dates back to its Shanghai origins, when it was a leading provider of building services systems, including elevators and air-conditioning. Subsequently, the company built up a portfolio of international products and expertise tailored to the post-war Hong Kong market.

jardine engineering1.jpg (30244 bytes)Today, JEC is one of the region's leading engineering companies. Headquartered in Hong Kong, its expansion, from an initial 50 staff to some 2,500 stationed in Hong Kong, Beijing, Shanghai, Guangzhou, Thailand, the Philippines, Taiwan, and Hawaii today, is proof of a well-founded objective which continues to flourish under strategic management, investment and joint venture operations.

Chief Executive John Lang is confident about the company's ongoing engineering operations: "JEC is successful because it has the basic strategies of being close to our markets and customers, offering high quality services and products and empowering our employees, while targeting growth, both organically and through joint ventures and acquisitions.

An early ad for the company's stover engines.

 

 

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