Hong Kong Note Printing Ltd

About Hong Kong Note Printing Ltd

In January 1996, the Hong Kong SAR Government purchased Thomas De La Rue's Tai Po note printing plant to become more involved in currency production. Established in 1984, this facility had been producing Hong Kong dollar notes for the three note-issuing banks. The plant was renamed Hong Kong Note Printing Limited HKNPL in April 1996. To strengthen its shareholder base, access specialized security printing expertise, and enhance business opportunities, HKNPL sold 15% of its shares to China Banknote Printing and Minting Corporation in March 1997 and 10% to each of the three note-issuing banks in October 1997. The Government maintains 55% majority ownership through the Exchange Fund.