Corporate History of Fubon Bank

1970, Feng Jingxi founded Sun Hung Kai Finance.

1982, Sun Hung Kai Finance obtained a banking license and was later renamed Sun Hung Kai Bank.

1985, Arab Bank Group acquired 75% equity of the bank, while Feng Jingxi's family kept 25% equity of the bank.

1986 Sun Hung Kai Bank changed its name to Hong Kong International Bank.

1990, Arab Bank Group acquired the remaining 25% equity of Feng Jingxi's descendants, and Hong Kong Foundation became a wholly-owned subsidiary of Arab Bank.

1993 10, China Everbright Group acquired a 20% stake in Hong Kong.

1993165438+10, HKJI was listed on the Hong Kong Stock Exchange.

1996165438+10. In October, HKJI became the first bank in Hong Kong to obtain the comprehensive rating of Standard & Poor's, the world's largest rating agency, and Fubon Financial Holdings Limited, which obtained the A-3 short-term and BBB long-term debt ratings, successfully acquired the controlling stake of HKJI Bank.

June, 5438+February, 2002, Arabian Bank Group, the controlling shareholder of HKJI, announced that it might sell its shares in HKJI.

In September 2003, Fubon Financial Holdings proposed to acquire all the issued share capital of Hong Kong. In February 2004, Fubon Financial Holdings successfully acquired 55% of the Hong Kong equity held by Arab Banking Group.

In March 2004, Fubon Financial Holdings proposed to acquire the remaining share capital of Hong Kong, including 20% equity of Everbright and 25% equity held by Volkswagen.

In April 2004, Fubon Financial Holdings successfully acquired 20% of the shares of Everbright, and then held 75% of the shares of HKJI, becoming the controlling shareholder of HKJI.

On April 6, 2005, HKJI was renamed Fubon Bank (Hong Kong) Limited with the approval of shareholders, and it took effect on April 6, 2005.

On September 6th, 2005, Standard & Poor's upgraded Fubon Bank's short-term credit rating from A3 to A2, and its long-term credit rating from BBB to BBB+