Tai Fung Bank (Portuguese Name: Banco Tai Fung; English Name: Tai Fung Bank) Is One Of The Major Banks In Macau. Formerly Known As Tai Fung Money Exchange, It Was Founded In 1942 By Ho Xian And Others.
History Tai Fung Bank Was Formerly Known As Tai Fung Money Exchange. Tai Fung Money Exchange Was Established In 1942 By Ho Tim, Ho Shan Heng, Lin Bingyan, Who Originally Operated Hang Seng Bank In Hong Kong, And Fu Laorong, A Well-known Person In Macau. He Yin, The Younger Brother Of He Tian, Was Appointed As The General Manager. After Hong Kong's Heavy Light, The Major Shareholders Returned To Hong Kong To Re-establish Hang Seng Bank. He Yin Continued To Stay And Later Became A Major Shareholder. To A Certain Extent, Tai Fung Bank And Hang Seng Bank Can Be Regarded As Sister Banks.
In 1972, The Macao-Portuguese Government Promulgated The "Macao Banking Law" To Require All Silver Accounts To Be Registered As Banks. Tai Fung Money Exchange Was Officially Approved By The Relevant Authorities To Register As "Tai Fung Bank Limited" On January 20 Of The Same Year, Becoming The First Bank In Macao To Register With Local Funds. At That Time, The Registered Capital Was 5 Million Patacas.
In 1984, Due To The Shortage Of Funds Caused By The Run-out, The Bank Was Also Facing A Crisis Of Bankruptcy. On September 13 Of The Same Year, The Head Office Of Bank Of China Acquired A 50% Stake In Tai Fung Bank, Increasing The Capital To 160 Million Patacas. In 1997, The Tai Fung Bank Headquarters Building Located In The Newly Reclaimed Area Of The New Port Was Completed And Opened, While The Tai Fung Bank Headquarters Building Located In Xinma Road Was Rebuilt. In March 1999, Ho Houhua, Chairperson Of Tai Fung Bank, Was Elected As The First Chief Executive Of The Macao Special Administrative Region Of The People's Republic Of China, So The Relevant Assets Were Transferred To His Mother Ho Chen Qiong; In June Of The Same Year, The Temporary Office Of The Chief Executive Of The Macao Special Administrative Region Of The People's Republic Of China Was Moved To The 21st Floor Of The Same Tai Fung Bank Headquarters Building. In 2017, Tai Fung Bank Celebrated Its 75th Anniversary And Opened Its Shanghai Branch.
Tai Fung Bank Has Established Correspondent Banking Relationships With More Than 300 Financial Institution Groups Around The World.
Tai Fung Bank Headquarters Is Located At No. 418, Song Yusheng Plaza, The Newly Reclaimed Area Of The New Port (Dynasty District). It Is Called "Tai Fung Bank Headquarters Building"; The Tai Fung Bank Headquarters Building Is One Of The First Commercial Buildings Completed In The Area. The 24-storey Building Was Opened In December 1997 And Was Architecturally Designed By Bamadena. The Exterior Walls Of The Building Are Laid With Granite And Silver And Gray Glass Curtain Walls, And The Glass Curtain Walls On The Front Of The Building Are Arranged In An Orderly Manner In The Shape Of Ancient Chinese Coins.
And Tai Fung Bank's Xinma Road Branch "Tai Fung Bank Building", Formerly Known As The Headquarters Of Tai Fung Bank, Is Located At No. 296 Xinma Road. It Was Completed And Opened On The Morning Of December 8, 1974.
Branch Tai Fung Bank Flower City Branch Currently, In Addition To The Headquarters, Tai Fung Bank Has 25 Branches In Macau, Of Which 20 Are Located On The Macau Peninsula, 4 Are Located In Taipa, And 1 Is Located In Coloane. In 2017, It Established A Shanghai Branch In The Chinese Mainland For The First Time, Mainly Engaged In Business Licensed To Operate In The Macao Special Administrative Region.
Car Teller Machines There Are Two Car Teller Machines In The New Headquarters Building Of Tai Fung Bank, Which Is The First Of Its Kind In Hong Kong And Macao. The Car Teller Machine Service Started In November 1997. The Location Of The Car Channel In The New Headquarters Building Is Specially Designed To Allow Drivers To Sit In The Car And Use The ATM.
TAI FUNG PAYTAI FUNG PAY Is An Important Mobile Payment Tool Of Tai Fung Bank And Was Launched In April 2018.
Tai Fung Watch CompanyTai Fung Watch Company Is A Subsidiary Of Tai Fung Bank, Which Sells High-end Watches And Clocks. The Address Is On The Ground Floor Of Tai Fung Bank New Road Branch.
