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Bank maintains correspondent relations with the following international banks: American Express Bank, USA; Banco Di Roma, Italy; Commerzbank and Dresdner Bank, Germany; The Royal Bank of Canada, Canada; Hong Kong and Shanghai Banking Corporation Ltd., Hong Kong.
In October the same year, the Government sold 10% of the company's issued share capital to each of the three note-issuing banks in Hong Kong (total 30%), namely The Hongkong and Shanghai Banking Corporation Limited, the Standard Chartered Bank (now Standard Chartered Bank (Hong Kong)), and the Hong Kong Branch of the Bank of China (now Bank of China (Hong Kong)).
He left the Municipal Council in 1906 to take up a new position with the British and Chinese Corporation (BCC), formed largely by Jardine Matheson and by the Hongkong and Shanghai Banking Corporation in 1898, becoming its Peking-based agent conducting railway loan negotiations with the Chinese government.