AMTD announced a strategic stake in Bank of Qingdao and was appointed to join the board of directors, and the financial holding layout has taken another step forward
Recently, AMTD Group officially announced a strategic stake in Bank of Qingdao, the largest city commercial bank in Shandong Province, China. This is also the first Hong Kong-funded non-bank financial institution to officially invest in a Chinese city commercial bank in recent years. Mr. Calvin Choi, Chairman and President of AMTD Group, was also appointed to join the board of directors of Bank of Qingdao. This is AMTD's further penetration into the field of Chinese commercial banks and continuous improvement of the strategic layout of AMTD Group's financial map in Greater China, following the establishment of Guangdong-Hong Kong Securities, the first Hong Kong-funded fully licensed securities company in Guangdong Province, and the joint venture with China Taiping to establish an insurance brokerage company, China Insurance AMTD.

Strategic stake in Bank of Qingdao, opening up a new pattern of strategic cooperation between the two parties

Bank of Qingdao was established in 1996. After more than 20 years of development, it has become the city commercial bank with the largest asset scale in Shandong Province. As of the end of June 2016, the total assets of Bank of Qingdao exceeded RMB 200 billion, the deposit balance exceeded RMB 120 billion, and the number of employees exceeded 3,000. It has formed a good business structure rooted in Qingdao and radiating Shandong, successfully built three major business supports of corporate banking, retail banking and financial markets, and formed distinct advantages and characteristics of "interface bank". According to the ranking of the British magazine "The Banker", Bank of Qingdao ranks 353rd among the world's top 1,000 banks; according to the "GYROSCOPE" evaluation of the steady development ability of commercial banks in 2016 by the China Banking Association, Bank of Qingdao ranks 5th in the comprehensive ranking of urban commercial banks nationwide.

 

In more than 20 years of development, Bank of Qingdao has successfully established a sound corporate governance structure and a solid development foundation. In 2008, Intesa Sanpaolo S.p.A., Italy's largest commercial bank, and Rothschilds Continuation Holdings AG, a world-renowned family financial group, jointly strategically invested in Bank of Qingdao and became a strategic shareholder of Bank of Qingdao; in 2015, Bank of Qingdao Successfully landed in the international capital market and became the first banking financial institution in Shandong Province to be listed on the Hong Kong Stock Exchange. Since its listing, its stock price has performed well and its operating results have been significant, and has been widely recognized and favored by the market and investors; March 2016 In September, Bank of Qingdao was officially included in the six major index constituent stocks including the Hang Seng China H-Share Financial Industry Index and the Hang Seng Global Composite Index; in December 2016, Bank of Qingdao officially submitted an A-share IPO application to the China Securities Regulatory Commission and began the A-share IPO process. .

AMTD and Bank of Qingdao have established a comprehensive strategic partnership of mutual trust, win-win cooperation, and have successfully carried out many mutually beneficial exchanges and cooperation in the fields of investment banking, asset management, wealth management and other fields. Previously, AMTD, as the joint global coordinator, joint bookrunner and joint lead manager, assisted Bank of Qingdao in successfully completing a US$600 million H-share IPO, and took the lead in arranging Bank of Qingdao’s post-IPO performance roadshows and investor exchange activities. and carried out in-depth exchanges and cooperation in cross-border asset management and wealth management. This transaction will further deepen and promote the comprehensive strategic partnership between AMTD and Bank of Qingdao, continuously strengthen the solid foundation and strategic ties of mutually beneficial cooperation between the two parties, and achieve complementary advantages and seek common development. At the same time, AMTD Group Chairman and President Calvin Choi has also been appointed to join the Board of Directors of Bank of Qingdao. He will provide advice to Bank of Qingdao in terms of strategic layout, international development, corporate governance structure, etc., and further develop a new pattern of comprehensive strategic cooperation between the two parties.

Eric Choi said that AMTD spoke highly of Bank of Qingdao’s brilliant achievements in business innovation, risk control, corporate governance, and international development, and was very optimistic about Bank of Qingdao’s grand blueprint and future development of taking root in Qingdao, radiating to Shandong, and going nationwide. AMTD will, as always, unswervingly support the management of Bank of Qingdao, seize the precious opportunity of Qingdao to build a national-level wealth management and financial comprehensive reform pilot zone, lay a solid foundation, reform and innovate, enhance comprehensive strength and core competitiveness, and continue to develop grow.

The financial holding layout has made another breakthrough, and the banking, securities, and insurance patterns have begun to emerge.

This time, AMTD, through its wholly-owned subsidiary AMTD Strategic Capital Group, formally invested in the Bank of Qingdao through an over-the-counter block transaction. This is the first local non-bank financial institution in Hong Kong to officially invest in a Chinese city in recent years. Commercial banking is another important milestone in AMTD’s push to build a comprehensive financial control platform.

As a comprehensive financial institution rooted in Hong Kong, deeply rooted in China, and radiating around the world, AMTD has always been committed to providing customers with professional, comprehensive, and first-class international financial services, constantly enriching and innovating financial functions, and building unique advantages and characteristics of China and Hong Kong. , a financial holding platform targeting strategic equity participation and strategic cooperation. Previously, in the securities field, AMTD initiated the establishment of Guangdong Securities, the first fully licensed securities company in Guangdong and Hong Kong under the CEPA framework, and signed a strategic cooperation agreement with Guangzhou Nansha New District; in the insurance field, AMTD Chengdu has jointly established a joint venture with China Taiping Insurance Group to establish a comprehensive insurance brokerage company, Shenzhen China Insurance AMTD Insurance Brokerage Co., Ltd., which will give full play to the interconnected resource advantages of Shenzhen and Hong Kong to provide customers with a full range of insurance brokerage services. This time, AMTD has made another strategic investment in Bank of Qingdao, the largest city commercial bank in Shandong Province. Based on this, AMTD will open up its strategic layout in the Chinese banking field and continue to enrich and improve AMTD's presence in the Greater China region. The financial control landscape consists of three pillars: banks, securities, and insurance.

The sea is wide enough for fish to leap, and the sky is high enough for birds to fly. In the future, AMTD will further seize strategic development opportunities and continue to build a full-financial service platform with investment banking, asset management and insurance as the core, with both local characteristics and international advantages. It will penetrate deeply into China and radiate around the world to provide customers with professional and Comprehensive, first-class and innovative financial services.