Nanyang Commercial Bank (NCB) Was Founded In Hong Kong On December 14, 1949 By Zhuang Shiping And Is Currently A Subsidiary Of State-owned Enterprise China Cinda Asset Management In China. It Has 43 Branches In Various Districts In Hong Kong And A Wholly-owned Subsidiary "Nanyang Commercial Bank (China) Limited" In The Chinese Mainland.

As Of The End Of December 2019, It Had Total Assets Of HK $489.589 Billion, Combined Deposits Of HK $345.888 Billion, Total Domestic And Foreign Currency Loans Of HK $262.413 Billion, Combined Shareholder Funds Of HK $58.791 Billion, Net Operating Income Of HK $9.002 Billion Before Impairment Provisions, And Net Interest Income Of HK $6.650 Billion; Non-interest Income Of HK $2.352 Billion, And After-tax Profit Of HK $3.951 Billion.

History Located In Kennedy Town, Hong Kong, Nanyang Commercial Bank Branch Zhuang Shiping Is A Chaozhou Native. He Graduated From The Department Of Economics Of China University In Beijing In 1934 And Later Lived In Thailand. In 1947, He Went To Hong Kong To Organize Nanyang Commercial Bank And Macau Nanton Bank.

Although Nanyang Commercial Bank Was Founded By Zhuang Shiping In His Own Name, Its Capital Is Indeed Fully Owned By The State. Zhuang Is An Informant Of The Communist Party Of China In Hong Kong. Zhuang Holds The Bank's Equity On Behalf Of The Communist Party Of China (or The People's Republic Of China) And Manages NCB On Behalf Of The Communist Party Of China. This Was A Common Deception Used By The Communist Party Of China During The British Hong Kong Government. At That Time, Most Of The Companies And Consortia With Mainland Background Operating In Hong Kong Were Privately Held By Their Informants In Hong Kong Designated By The Communist Party Of China. The Communist Party Of China Then Signed An Underground Agreement With The Informant (such As Zhuang) To Prove That It Was The Public Property Of The People Of The State. This Is Different In Nature From Bank Of China (Hong Kong), Which Had Half Of Its Commercial Shares (i.e. Private Shares) At The Beginning Of Its Establishment In 1912, And Still Had A Large Number Of Private Shares In The Early Days After The CCP Took Over The Official Shares Of Bank Of China. In 1950, Nanyang Commercial Bank Was In Trouble Shortly After Its Establishment In Hong Kong At The Order Of The CCP, And Zheng Tieru Of Bank Of China Hong Kong Came To The Rescue To Lend 2 Million Hong Kong Dollars. This Was The Beginning Of The Relationship Between Nanyang Commercial Bank And Bank Of China Hong Kong. In The Second Half Of 1950, The Institutional Adjustment Of Fujian Provincial Bank Was Merged Into Nanyang Commercial Bank.

Since Its Establishment, Zhuang Shiping Has Served As Chairperson Of Nanyang Commercial Bank And Successively Served As:

• Deputy Director Of Bank Of China Hong Kong And Macau Management Office
• Managing Director Of Overseas Chinese Commercial Bank
• Vice Chairperson Of Chiyu Banking Corporation
• Chairperson Of Kiu Kwong Investment Company Limited

In 1986, After Zhuang Shiping Retired, He Also Served As Honorary Chairperson Of Nanyang Commercial Bank Until His Death On June 2, 2007.

In 1981, Nanyang Commercial Bank Established "Nanyang Credit Card Limited", Initially Issued "Fat Tat Card" Alone, And Later Joined Visa And Mastercard. It Was The Early Credit Card Issuance Management Organization Of Bank Of China Group Hong Kong, And Later Changed To "BOC Credit Card (International) Limited".

On July 15, 2015, Bank Of China Hong Kong Officially Listed And Sold All The Shares Of Nanyang Commercial Bank In The Beijing Financial Assets Exchange. The Reserve Price Of The Auction Was HK $68 Billion. According To The Estimated NCB And Property Net Asset Value Of About HK $35 Billion, The Price-to-book Ratio (PB) Is At Least 1.95 Times. Bank Of China Hong Kong Requires The Transferee To Make A Lump Sum Payment, And The Ultimate Controlling Shareholder Of The Transferee Should Be A Registered Enterprise In China, Excluding Hong Kong, Macao And Taiwan.

On December 18, 2015, Bank Of China Hong Kong Announced The Sale Of Nanyang Commercial Bank To China Cinda Asset Management For HK $68 Billion. Bank Of China Hong Kong Expects That The Pre-tax Income From The Transaction Will Be Approximately 34 Billion 27 Million Yuan.

On May 30, 2016, The Two Parties Jointly Announced That All The Work Related To The Equity Transfer Of Nanyang Commercial Bank Has Been Successfully Completed, And NCB Has Become A Subsidiary Of China Cinda With Immediate Effect.

In June 2022, Nanyang Commercial Bank Spent Nearly 1.20 Billion Yuan To Acquire The Naming Rights For The Top Three Floors Of No. 888 Lai Chi Kok Road, Cheung Sha Wan From New World Development, Involving A Total Of More Than 65,000 Square Feet, Equivalent To About 17,500 Yuan Per Square Foot. The Above-mentioned New Building Is Officially Named "NCB Innovation Centre".

Nanyang Commercial Bank Was A Member Of The Bank Of China Hong Kong Group After The Reorganization Of Bank Of China 13. Although Bank Of China Hong Kong Wholly Owns Nanyang Commercial Bank, Because Nanyang Commercial Bank Has A Branch In San Francisco, The United States, It Retains Its Brand And Does Not Incorporate Its Brand Into Bank Of China Hong Kong Like Other Acquired Group Members. Its Business Includes Multi-currency Deposits, Loans, Import And Export Trade Settlement, Letters Of Credit, Credit Cards And Other Retail And Merchant Banking Services.

In 2007, Nanyang Commercial Bank Changed Its New Image. It Used To Be A Red Background With Full Names In Chinese And English, And Then Replaced It With The Same Logo As The Company's Website. After The Logo, The English Abbreviation Was Written First, And Then The Full Chinese Name Was Written.