In order for the Hong Kong Goveenment to be more closely 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 1998 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, the Government entered into agreements to sell 15% of the issued share capital of HKNPL in March 1997 to China Banknote Printing and Mintinq Corporation (CBPMC) 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.

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Hong Kong Note Printing Ltd

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