Supports Concert Presented by Hong Kong Sinfoniettato Promote Arts and Cultural Development in Hong Kong
HONG KONG, March 27, 2013 /PRNewswire/ -- China Minsheng Banking Corp., Ltd.'s Hong Kong Branch ("Minsheng Bank Hong Kong Branch" or "the Branch") supported the "China Minsheng Bank Hong Kong Branch 1st Anniversary Celebration Concert Great Piano Concertos: Lio Kuok-wai Plays Mozart" which was successful held at Hong Kong City Hall today. 30th March, 2013 marks the first anniversary of Minsheng Bank Hong Kong Branch, and the Branch celebrated with its principle of "Serve the public, care for people's lives" by supporting a concert presented by the Hong Kong Sinfonietta, the city's internationally renowned local flagship orchestra.
The concert featured masterpieces by Mozart and Beethoven, including Beethoven's Symphony No. 5 and Mozart's The Magic Flute Overture, and was conducted by China's foremost conductor Li Xin-cao. Mr. Xu Wei, Deputy CEO of Minsheng Bank Hong Kong Branch, Mr. Huang Minghui, Senior Assistant CEO of Minsheng Bank Hong Kong Branch, Mr. Shih Wing-Ching, Chairman of Hong Kong Sinfonietta and Ms. Margaret Yang, CEO of Hong Kong Sinfonietta, attended the pre-concert toasting ceremony. Also, to express gratitude for support in the past year, the Branch invited 400 customers, business partners and other guests to enjoy the masterpiece.
Mr. Lin Zhihong, Chief Executive Officer of Minsheng Bank Hong Kong Branch, said, "Minsheng Bank always considers arts and charity work to have an important role in its corporate social responsibilities, and is also known as the "Artistic Bank" in the domestic banking industry. The Branch adheres to the aforementioned concept while committing to its business expansion. The celebration concert marks the Branch's first event in support of the city's local arts since its "Bazaar Art Night" collaboration with Bazaar Art, the Museum of Modern Art and the Domus Collection last year. Hong Kong Sinfonietta shares the same belief with Minsheng Bank in committing to innovation, broadening the audience and cultivating the new cultural generation. Supporting this concert represents our dedication to local arts and cultural development. We will continue to support similar activities and further integrate into Hong Kong society to fulfill our corporate social responsibilities."
Mr. Lin added, "We have closely followed our prudent operating strategy since opening, aimed at providing integrated financial solutions to our target customers. We have also established a set of unique '5+2' business positions after research and exploration. Looking ahead, Minsheng Bank Hong Kong Branch will take full advantage of Hong Kong's favorable conditions as an international financial center to build closer working relationships with businesses around the world, with an open vision of providing more comprehensive financial solutions so as to create a new business model of global financial services."
Through analyzing its competitive advantages and operating conditions, Minsheng Bank Hong Kong Branch has developed a set of unique "5+2" business positions. First of all, Minsheng Bank Hong Kong Branch serves as an extension platform of China Minsheng Bank's domestic business for its financial products and services, and consolidates China Minsheng Bank's competitive advantages to provide in-depth services to its core overseas and domestic customers. Secondly, Minsheng Bank Hong Kong Branch supports private enterprises to explore business opportunities overseas through mergers and acquisitions. Thirdly, through capitalizing on the successful track record of China Minsheng Bank in the field of small and micro enterprises, the Branch strives to open up new markets and to achieve remarkable business results targeting at small ship owners and the frozen food industry. Fourthly, with the geographical advantage of Hong Kong being an international financial hub, the Branch is working with related China Minsheng Bank departments to build a monetary trading platform and develop businesses such as foreign exchange services and the trading of derivatives. Finally, subject to the approval of the related business license, the Branch will enter into the investment banking business, which will cover dim sum bonds, securities and consulting etc.,. Meanwhile, with the successful implementation of the five strategic positions mentioned, Minsheng Bank Hong Kong Branch will steadily promote the development of its private banking business and high-end credit card service.
Since its establishment on 30 March 2012, Minsheng Bank Hong Kong Branch has achieved remarkable results. As at the end of 2012, the Branch has had a total of 804 clients opening bank accounts, with total recorded assets of HKD33.2 billion, including off-balance sheet assets. With deposits reaching nearly HKD21.9 billion, the Branch's net sales revenue from its first year of operation amounted to HKD427 million and its key performance indicators, including its debt-to-asset and liquidity ratios, are all at optimal levels. Minsheng Bank Hong Kong Branch's performance has outshined those of its peers' Hong Kong branches during their first year of operation. Moreover, the Branch has set up a team of professional management staff and now employs around 118 staff in Hong Kong to support its rapid business development.
About China Minsheng Banking Corp., Ltd. Hong Kong Branch
Established in Beijing on 12 January 1996, China Minsheng Bank ("Minsheng Bank", A share stock code: 600016, H share stock code: 01988) is the first national commercial bank owned by non-state enterprises. Over the past years, the Bank is a reform pioneer in China's banking industry, introducing an independent credit review system and a division system reform. It has also plunged into the promising small and micro enterprises financial services business. While achieving the Bank's rapid and healthy development, Minsheng has also set up a role model for the reform of the China banking industry.
Minsheng Bank's first foreign branch was successfully opened in Hong Kong on 30 March 2012. The Hong Kong Branch abides by the principles of being lawful, prudent, innovative and efficient. The bank also persists in achieving balanced development between both domestic and foreign trade-related businesses so as to provide clients with comprehensive offshore and onshore financial solutions in the field of multi-currency trade finance businesses, as well as to improve its overall financial service capabilities by cooperating with mainland institutions.
As of the end of 2012, Hong Kong branch has approximately 118 staff and a total of 804 accounts were opened by customers. The Branch's on and off balance sheet assets amounted to HKD33.2 billion and the amount of deposits reached HKD21.9 billion.
For enquiries, please contact Hill + Knowlton Strategies Asia Ltd:
Celia Fong
Tel: (852) 2894 6349 / (852) 9842 8809
Email: celia.fong@hkstrategies.com
Irene Sun
Tel: (852) 2894 6388 / (852) 9289 5767
Email: irene.sun@hkstrategies.com
