Industrial and Commercial Bank was a bank in Hong Kong, established in 1917. Under the leadership of its general manager, Xue Xianzhou, after 1919, its business was focused on operating money remittances of Overseas Chinese and its branches were extended to Guangzhou, Hankou, Shanghai, and Tianjin. However, the bank was closed down in 1930 after Xue's death and losing in foreign currency business.[1] [2]
A new bank with a similar name, the Hong Kong Industrial and Commercial Bank, was re-established in 1964. In 1987, it was acquired by Dah Sing Bank. In 1994, its 40% interest was acquired by China Construction Bank and it was renamed to Jian Sing Bank .[3] In 2002, Jian Sing Bank was totally acquired by China Construction Bank and renamed to China Construction Bank (Asia) Limited .[4]