Bank of Hong Kong facts for kids
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| Traded as | BOHK Holdings |
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| Industry | Financial Services |
| Founded |
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| Headquarters | Bank of Hong Kong Tower, Central, |
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Key people
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Xiao Gang, chairman He Guangbei, CEO |
| Products | Retail banking, commercial banking, investment banking, mortgage loans, private banking, wealth management, credit cards, finance and insurance |
The Bank of Hong Kong Limited, often called BOHK, is a very important bank in Hong Kong. It is part of the Bank of Hong Kong Holdings group. BOHK is one of the largest commercial banks in Hong Kong. It has many branches, about 197 of them, across the city.
BOHK is special because it is one of only three banks allowed to print banknotes (paper money) for the Hong Kong dollar. This means they help create the money that people use every day in Hong Kong.
What BOHK Does
BOHK is a big part of the JETCO system. JETCO helps people use ATMs (cash machines) and make payments easily. BOHK was one of the banks that helped start this system.
The bank also plays a key role in handling money from mainland China. It is the main bank in Hong Kong for dealing with the Chinese currency, the Renminbi (RMB). This helps make trade and travel between Hong Kong and mainland China smoother.
History of BOHK
BOHK was officially created on October 1, 2001. It was formed when 12 different banks in Hong Kong joined together. Some of these banks included Bank of Communications, China & South Sea Bank, and Sin Hua Bank Limited.
After the merger, the new Bank of Hong Kong was listed on the Hong Kong Stock Exchange in October 2002. This meant that people could buy and sell shares of the bank.
The Bank's Headquarters
The main office of BOHK is in the Bank of Hong Kong Tower in Central, Hong Kong. This impressive building was finished in 1988. It was a very tall building for its time, being the first outside of North America to be taller than 300 meters (about 1,000 feet).
Bank's Size
By the end of 2016, BOHK was a very large bank. It had about HK$2,327 billion in assets. Assets are things the bank owns that have value. The bank also made a profit of HK$29 billion from its operations that year.
