Hong Kong Note Printing Limited
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Company History

In order for the Government of the Hong Kong Special Administrative Region (the Government) to be moreclosely involved in production of Hong Kong dollar currency notes, an agreement was reached with Thomas De La Rue plc (DLR) in January 1996 to purchase its note printing plant in Tai Po. Established in 1984, this plant has been producing Hong Kong dollar currency notes for the note-issuing banks (NIBs): The Hongkong and Shanghai Banking Corporation Limited, Standard Chartered Bank (Hong Kong) Limited and Bank of China (Hong Kong) Limited. The plant was renamed 'Hong Kong Note Printing Limited' (HKNPL) in April 1996 upon completion of the purchase.

With the aim of strengthening its shareholder base, tapping the best technical know-how in the highly specialised business of security printing and enhancing business opportunities both within and outside Hong Kong, 15% of the issued share capital of HKNPL were sold to China Banknote Printing and Minting Corporation (CBPMC) in March 1997 and 10% to each of the three NIBs in October 1997. As a result, the Hong Kong Special Administrative Region Government, through the Exchange Fund, continues to exercise management control and maintains a 55% majority shareholding in HKNPL.

Company History

1984

The banknote printing plant was set up by Thomas De La Rue plc in Tai Po, Hong Kong.

April

1996

The existing factory, machinery and equipment were purchased through the Exchange Fund, and operated it under the name of Hong Kong Note Printing Limited.

March

1997

15% of the Company's issued share capital were sold to China Banknote Printing & Minting Corporation.

October

1997

10% of the Company's issued share capital were sold to each of the three note-issuing banks in Hong Kong, namely The Hongkong and Shanghai Banking Corporation Limited, Standard Chartered Bank (Hong Kong) Limited and Bank of China (Hong Kong) Limited.

Present

The Hong Kong Note Printing Limited's principal business is to print Hong Kong dollar banknotes for the three note-issuing banks. Annual production volume is around 420 million banknotes. In addition, the Company prints small quantities of banknotes for Banco Nacional Ultramarino of Macao.

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