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- 1986
The China Merchants Group acquired a majority stake
in a listed Hong Kong bank – The Union Bank of Hong
Kong Limited in June, being the first acquisition
of a Hong Kong listed bank/company by a Chinese enterprise,
and the first Chinese non-financial corporation owning
a Hong Kong bank.
- 1987
The China Merchants Group promoted the formation of
the first joint-stock commercial bank in China – China
Merchants Bank.
- 1988
The China Merchants Group participated in the insurance
business by setting up the first corporate-funded
insurance company in China - Ping An Insurance Company
of China, Limited. In September, it acquired two U.K.
insurance companies – The Scottish Lion Insurance
Company Limited and Houlder Insurance Brokers Group,
and a Hong Kong insurance company – China Merchants
Insurance Company Limited.
- 1992
In the second half of the year, the China Merchants
Group started to be engaged in fund management and
investment business by establishing China Merchants
China Investment Management Limited and acquiring
an interest in BOC China Fund Limited.
- 1993
In July, the China Merchants Group initiated the establishment
of a Hong Kong listed fund - China Merchants China
Direct Investments Limited. Later, through Shekou
Industrial Zone, it acquired an interest in Shenzhen
Commercial Bank Company Limited and established the
Peninsula Investment Fund and Shenzhen Peninsula Investment
Fund Management Company Limited.
- 1996
In August, the China Merchants Group became a shareholder
of Hua Tai Insurance Company of China Limited.
- 1997
The China Merchants Group directly invested in China
Communication Securities Company Limited (formerly
known as Zhaoyin Securities Company Limited) and in
May, established China Merchants Finance Investment
Holdings Company Limited in Shenzhen.
- 1999
To achieve the Group's management objective of “Business
in Diversification and Management in Professionalization”,
the China Merchants Group restructured its financial
service business and set up China Merchants Finance
Holdings Company Limited (“CMFH”) on 18 June. CMFH
is a first-tier subsidiary directly under the China
Merchants Group. It is principally engaged in the
financial service business and the related investment,
and provides professional guidance and advice with
regard to the financial service business of the Group
in accordance with the authorisation given by it.
- 2000
On 30 June, on behalf of the China Merchants Group,
CMFH disposed of its interest in The Union Bank of
Hong Kong Limited to Industrial and Commercial Bank
of China, but retaining the Bank's securities arm
– UB Securities Limited (now renamed CM-CCS Securities
Limited).
- 2001
Houlder China Insurance Brokers Limited started to
be promoted in November 2000 immediately after obtaining
the approval of the China Insurance Regulatory Commission.
The Company was promoted by the China Merchants Group
which is the sole Chinese enterprise directly involved
in insurance broking business in two countries (i.e.
the People's Republic of China and the United Kingdom)
and three regions (i.e. China, Hong Kong and the U.K.).
The Company is one of the earliest insurance broking
companies in China. It is registered with the State
Administration Bureau of Industry and Commerce and
commenced its business on 5th September.
- 2002
In April, China Merchants Bank was successfully listed
on the Shanghai Stock Exchange. It was the first bank
in China publicly listed in compliance with the international
accounting standards.In June, China Communication
Securities Company Limited changed its name to China
Merchants Securities Company Limited.In August, China
Merchants Bank set up a branch and commenced its business
in Hong Kong.
- 2003
China Merchants Bank set up a representative office
in the Unite States in October.
- 2005
China Merchants Houlder Insurance Brokers Far East
(Shanghai) Co.,Ltd. obtained the approval of the China
Insurance Regulatory Commission to be set up. In May
2005, it was then granted to be established by the
Ministry of Commerce of the PRC. And it formally commenced
its business in June 2005. In June, With the approval
of the China Securities Regulatory Commission, China
Merchants Securities Co., Ltd . successfully acquired
China Merchants Securities (HK) Co., Ltd..
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Copyright ©2006 China
Merchants Finance Holdings Co.,Ltd.
Address:27/F,China Merchants Tower,Shun Tak Centre,168-200 Connaught Road Central,Hong Kong
Tel: (852) 25428161 Fax: (852)28517552 Email: cmfh@cmhk.com
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Chairman's Statement