Cathay "Pratica della mercatura", a guide about trade in China, a country he called "Cathay", noting the size of Khanbaliq (modern Beijing) and how merchants could exchange silver for Chinese paper money that could be used to buy luxury items such as silk. Words related to Khitay are still used in many Turkic and Slavic languages to refer to China. However, its use by Turkic speakers within China, such as the Uyghurs, is considered pejorative by the Chinese authority who had tried to ban it. As European and Arab travelers started reaching the Mongol Empire, they described the Mongol-controlled Northern China
Cathay Bank office in Hong Kong was opened in 1985. In 1999, Cathay expanded beyond California by opening a loan production office in Houston, Texas, which was converted to a full service branch in 2000. Expansion to New York occurred in 1999 with the acquisition of certain assets of Golden City Commercial Bank. In 2003, branch offices were opened in Boston, Massachusetts, and Kent, Washington. Cathay merged with General Bank in 2003. In 2006, Cathay prevailed in a bidding war with United Commercial Bank to acquire Great Eastern Bank. Cathay also acquired New Asia Bank in 2006. On March 31, 2006, announced