| Type | Limited |
|---|---|
| Industry | Note printing |
| Founded |
|
| Headquarters | |
Area served | Hong Kong |
| Products | Hong Kong banknotes |
| Owners | |
| Website |
Hong Kong Note Printing Limited is a company which prints the bank notes of all the three note-issuing banks in Hong Kong. [1] The banknote printing plant was founded in 1984 by Thomas De La Rue in Tai Po Industrial Estate. In April 1996, the Hong Kong Government purchased the plant through the Exchange Fund, and operated it under the current name. [2]
In March 1997, the government sold 15% of the company's issued share capital to the China Banknote Printing and Minting Corporation (CBPMC). In October of the same year, the government sold 10% of the company's issued share capital to each of the three note-issuing banks in Hong Kong (total 30%), namely The Hongkong and Shanghai Banking Corporation Limited, the Standard Chartered Bank (now Standard Chartered Bank (Hong Kong)), and the Hong Kong Branch of the Bank of China (now Bank of China (Hong Kong) Limited).
The renminbi is the official currency of the People's Republic of China. It is the 5th most traded currency as of April 2022.
The Hong Kong dollar is the official currency of the Hong Kong Special Administrative Region. It is subdivided into 100 cents or 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong and the Hong Kong dollar.
The Hong Kong Monetary Authority (HKMA) is Hong Kong's central banking institution. It is a government authority founded on 1 April 1993 when the Office of the Exchange Fund and the Office of the Commissioner of Banking merged. The organisation reports directly to the Financial Secretary.
Standard Chartered plc is a British multinational bank with operations in consumer, corporate and institutional banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa, and the Middle East.
Bank of China (Hong Kong) Limited (Chinese: 中國銀行(香港)有限公司) also known as its short name Bank of China (Hong Kong) or BOCHK (Chinese: 中銀香港), is a subsidiary of the Bank of China (via a Hong Kong-listed intermediate holding company BOC Hong Kong (Holdings)). Bank of China (Hong Kong) is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits (2008 data), with more than 190 branches across Hong Kong as of the end of 2019. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar.
The Hongkong and Shanghai Banking Corporation Limited, commonly known as HSBC, is the Hong Kong-based Asia-Pacific subsidiary of the HSBC banking group, for which it was the parent entity until 1991. The largest bank in Hong Kong, HSBC operates branches and offices throughout the Indo-Pacific region and in other countries around the world. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar.
The Chartered Bank of India, Australia and China was a bank incorporated in London in 1853 by Scotsman James Wilson, under a Royal Charter from Queen Victoria.
The issue of banknotes of the Hong Kong dollar is governed in the Special Administrative Region of Hong Kong by the Hong Kong Monetary Authority (HKMA), the governmental currency board of Hong Kong. Under licence from the HKMA, three commercial banks issue their own banknotes for general circulation in the region. Notes are also issued by the HKMA itself.
A linked exchange rate system is a type of exchange rate regime that pegs the exchange rate of one currency to another. It is the exchange rate system implemented in Hong Kong to stabilise the exchange rate between the Hong Kong dollar (HKD) and the United States dollar (USD). The Macao pataca (MOP) is similarly linked to the Hong Kong dollar.
The Mercantile Bank of India, London and China, later Mercantile Bank Ltd, was an Anglo-Indian bank with business focus in the Far East. It was founded in Bombay in 1853 as the Mercantile Bank of Bombay; and later in 1857 was renamed to Mercantile Bank of India, London, and China with London as its headquarters.
Standard Chartered Hong Kong is a licensed bank incorporated in Hong Kong and a subsidiary of Standard Chartered. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar.
The twenty-dollar note was first issued by the Oriental Bank Corporation from 1866 to 1884. These banknotes are not very common and are listed as extremely rare. Apart from this, the banknote was reintroduced in 1985 by the Standard Chartered Bank in green and yellow, followed by The Hongkong and Shanghai Banking Corporation in 1986 in similar colours, but more green involved. The Bank of China issued their version in 1994 as a blue coloured banknote. These were standardised in 2004 when all three types of banknotes were changed to a blue colour.
The fifty-dollar note was first issued undated in the 1860s by the Oriental Bank Corporation, the Mercantile Bank, the Standard Chartered Bank but a confirmed date for this bank is 1879, followed by The Hongkong and Shanghai Banking Corporation in 1877. The National Bank of China also issued this denomination in the 1890s, but they are seldom seen. There was a continuous issue till the Second World War in different colours and dimensions, but they ceased to be printed between 1934 and 1941, depending on the bank. After the war no banks resumed to issue this denomination. They were resumed by The Hongkong and Shanghai Banking Corporation in 1968 the Standard Chartered Bank in 1970 as a blue note. This was then changed to purple in 1985 with a new smaller version and then to the current green issue in 2003. The Bank of China issued their version in 1994. The colour was made uniform when green for all banknotes was adopted.
The Hong Kong one hundred dollar note was first issued from 1858 from the Mercantile Bank, 1866 by the Oriental Bank Corporation, the Standard Chartered Bank from the 1860s but a confirmed date for this bank is 1879, followed by The Hongkong and Shanghai Banking Corporation in 1877. Specimens are known from the Agra and Masterman's Bank and the Asiatic Banking Corporation that existed between 1862–66 and from The National Bank of China in the 1890s. There was a continuous issue till the Second World War in different colours and dimensions, and this issue was resumed after the war in 1946, by the HSBC, Mercantile and Standard Chartered Banks. This was somewhat standardised in 1970 when the Chartered Bank changed the issue from brown to red, red was the colour of the other two issues. The Mercantile bank stopped issuing banknotes after 1974 and the Bank of China issued their version in 1994. The colour was made uniform when red for all banknotes was adopted.
The Hong Kong five hundred dollar note was first issued in undated from the 1860s by the Oriental Bank Corporation, the Standard Chartered Bank but a confirmed date for this bank is 1879, followed by The Hongkong and Shanghai Banking Corporation in 1877, the Mercantile Bank in 1948 and the Bank of China in 1994. The Specimens are known from the Agra and Masterman's Bank and the Asiatic Banking Corporation between 1862-66. The National Bank of China issued theirs in the 1890s. There was a continuous issue till the Second World War in different colours and dimensions, they were reissued from 1946. The Mercantile bank ceased issue of this denomination after 1959. There was a standardisation of size in 1979 when the Chartered Bank reduced the size to that similar to HSBC. The colour was made uniform in 2003 when brown for all banknotes was adopted.
The one thousand-dollar note is the highest-valued banknote in circulation in Hong Kong. Currently, this note is issued by the Hongkong and Shanghai Banking Corporation (HSBC), Standard Chartered Hong Kong, and the Bank of China. Due to its gold-colored theme, this note was nicknamed “Gold Cow ” by the locals, derived from the term “Big Cow ” that is used for the city's five hundred-dollar note. If counted according to the notes’ serial number, it is the note with the second-lowest printing figure, higher than that of the fifty-dollar note.
The five-dollar note was first issued in 1858 by the Mercantile Bank, 1865 by the Standard Chartered Bank, 1866 by the Oriental Bank Corporation, 1897 by The Hongkong and Shanghai Banking Corporation, and 1894 by the National Bank of China. There was a continuous issue until the Second World War in different colours and dimensions, and this issue was resumed after the war in 1946, by the HSBC and Standard Chartered banks. The various banks' designs were somewhat standardised in 1970 when the Chartered Bank changed the issue from green to brown, as this was the colour of the HSBC issue. The Standard Charted Bank issued two colours from 1967 to 1970, a yellow and green note. These are described as being a yellow and green key in reference to the image of two keys on either side of the banknote. This denomination was replaced by a coin in 1976.
The paper money of the Qing dynasty was periodically used alongside a bimetallic coinage system of copper-alloy cash coins and silver sycees; paper money was used during different periods of Chinese history under the Qing dynasty, having acquired experiences from the prior Song, Jin, Yuan, and Ming dynasties which adopted paper money but where uncontrolled printing led to hyperinflation. During the youngest days of the Qing dynasty paper money was used but this was quickly abolished as the government sought not to repeat history for a fourth time; however, under the reign of the Xianfeng Emperor, due to several large wars and rebellions, the Qing government was forced to issue paper money again.
The banknotes of the Ta-Ching Government Bank, known as the banknotes of the Ta-Ching Bank of the Ministry of Revenue from 1905 to 1908, were intended to become the main form of paper money in the Qing currency system. These banknotes were issued by the Ta-Ching Government Bank, a national bank established to serve as the central bank of the Qing dynasty. The Ta-Ching Government Bank had branches throughout China and many of its branches outside of its headquarters in Beijing also issued banknotes.
| History | |
|---|---|
| Currency | |
| Industry and Business | |
| Government agencies | |
| Employment and Tax | |
| Infrastructure and Transport | |
| Rankings | |
| Finance and Banking |
|
| Agreements | |
| Energy | |
| Other | |
| |
22°27′19″N114°10′54″E / 22.45528°N 114.18167°E
 | This Hong Kong–related article is a stub. You can help Wikipedia by expanding it. |
