, Ltd. Hong Kong HK: Restricted Licence Banks: Assets: Total data was reported at 151,732. 7 trillion, a year-on-year (YOY) growth of more than 10%. 000 HKD mn (Median) from Mar 2004 to Sep 2018, with 59 observations. Jun 27, 2023 · The licensed banks cover 99 per cent of customer deposits in Hong Kong, while the deposit-taking companies have less than 0. 000 HKD mn in Mar 2000 and a record low of 0. The data reached an all-time high of 25,964. Hong Kong HK: Restricted Licensed Banks: Assets: Amount Due from Authorized Inst in HK data is updated monthly, averaging 20,663. 553 HKD mn for Aug 2018. HK: Restricted Licensed Banks: Assets: Amount Due from Authorized Inst in HK data was reported at 18,910. licensed banks incorporated in hong kong bank of communications (hong kong) limited china citic bank international limited china construction bank (asia) corporation limited chong hing bank limited cmb wing lung bank limited hang seng bank, limited public bank (hong kong) limited shanghai commercial Jun 6, 2018 · Hong Kong HK: Restricted Licensed Banks: Domestic Loan: Manufacturing data is updated quarterly, averaging 2,329. Hong Kong is a major international financial centre, comprising an integrated network of institutions and markets which provide a wide range of products and services to local and international customers and investors. Financial Disclosures Hong Kong HK: Restricted Licensed Banks: Assets: Foreign Currency: Notes and Coins data is updated monthly, averaging 0. 997 HKD mn for Jun 2018. Hong Kong HK: Restricted Licensed Banks: Liabilities: Foreign Currency: Capital, Reserves and Other Liabilities data is updated monthly, averaging 21,561. Dec 10, 2021 · Deposit-Taking Companies must be incorporated in Hong Kong. 4 days ago · Bank of China (Hong Kong) is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits, with over 190 branches throughout Hong Kong as of the end of 2019. 34/F, CHAMPION TOWER, 3 GARDEN ROAD, CENTRAL, HONG KONG. Sep 26, 2019 · The Hong Kong Monetary Authority announced today (26 September 2019) that the Monetary Authority has approved the upgrading of the restricted banking licence of Morgan Stanley Asia International Limited (MSAIL) to a banking licence, and has granted banking licences to Qatar National Bank (Q. 000 HKD mn in Sep 2008. Jun 6, 2018 · Hong Kong HK: Restricted Licensed Banks: Domestic Loan: Wholesale & Retail Trade data is updated quarterly, averaging 1,081. Goldman Sachs Asia Bank Limited, A Restricted Licence Bank, Disclosures is a private limited company incorporated in Hong Kong under the Companies Ordinance and is a restricted licence bank regulated by the Hong Kong Monetary Authority. suites 2504-2511, 25/f, two international finance centre, 8 finance street, central, hong kong: svfb340 17/03/2021: bank of east asia, limited (the) bank of east asia building, 10 des voeux road central, hong kong. Basic Information. 000 HKD mn in Sep 2018. 000 HKD mn in Mar 1996 and a record low of 215. It is also one of the three commercial banks authorized by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar. Hong Kong operates a three-tiered authorization regime, which covers licensed banks, restricted license banks and deposit-taking companies (collectively known as authorized institutions (AIs)). Such banks can accept deposits of HKD 100,000 or above with a minimum maturity of 3 months. The data reached an all-time high of 2,260. 000 HKD mn (Median) from Mar 1989 to Mar 2018, with 117 observations. 259 HKD mn in Sep 2010. 664 HKD mn for Jun 2018. Habib Bank Zurich (Hong Kong) Limited (formerly HBZ Finance Limited) is a Restricted Licence Bank (RLB) incorporated in Hong Kong under The Banking Ordinance. Being the second-largest international banking in Asia after Japan, the Hong Kong banking sector is highly open and effective for the volume of external transactions. At the end of 2023, Hong Kong had: 151. 582 HKD mn for Dec 2017. As the percentage of depositors at restricted licence banks and deposit-taking companies with a deposit balance of less than HK$500,000 (i. Customers can transfer funds in 12 different currencies for remittances. After the granting of a Apr 6, 2024 · Restricted Licence Banks (RLBs) are specialised institutions in Hong Kong, focusing primarily on merchant banking and capital markets. This records a decrease from the previous number of 0. OPEN / CLOSE ALL. Hong Kong HK: Restricted Licensed Banks: Domestic Loan: Manufacturing: Footwear & Wearing Apparel data remains active status in CEIC and is reported by Hong Kong Monetary Authority. 876 HKD mn in Mar 2005. 69 of the largest 100 banks in the world have an operation in Hong Kong. International banks form a key part of the Hong Kong banking sector; as of Jun 6, 2018 · The data reached an all-time high of 757. Jun 6, 2018 · Hong Kong HK: Restricted Licensed Banks: Domestic Loan: Manufacturing: Miscellaneous data is updated quarterly, averaging 378. keb hana bank coÖperatieve rabobank u. 337 HKD mn (Median) from Jan 1991 to Oct 2018, with 334 observations. They accept deposits of HKD 500,000 or more, catering to a relatively niche market with their banking services. Jun 26, 2023 · The Hong Kong Monetary Authority (HKMA) has issued today (26 June) a public consultation paper on review of the three-tier banking system. 000 HKD mn in Mar 1991. Hong Kong HK: Restricted Licensed Banks: Domestic Loan: Manufacturing: Electrical & Electronic data remains active status in CEIC and is reported by Hong Kong Monetary Authority. This note focuses on licensed banks as they make up the largest proportion of deposit-taking institutions. Restricted licence banks generally engage in activities such as merchant banking and capital market operations. Loans and advances for use in Hong Kong refer to loans that have direct impact on the level of economic activity in Hong Kong. (PAB) and Hua In 1990, the Authority's restructuring of the then Licensed DTCs (commonly known as merchant banks) to become Restricted Licence Banks revitalised this intermediate category of authorisation as an attractive option for many foreign institutions who are not interested in offering checking accounts and passbook savings products in Hong Kong. 547 HKD mn in Jun 2009. Not Applicable. 000 HKD mn from Dec 1990 to Sep 2018, with 112 observations. 9% Nov 19, 2021 · The Hong Kong Monetary Authority announced today (19 November) that the Monetary Authority has granted a restricted banking licence to Korea Development Bank (KDB) under the Banking Ordinance. , ruttonjee house, 11 duddell street, central, hong kong. 097 HKD mn (Median) from Dec 1990 to Mar 2018, with 110 observations. incorporated in hong kong 1 airstar bank limited 2 ant bank (hong kong) limited 3 bank of china (hong kong) limited 4 bank of communications (hong kong) limited 5 bank of east asia Hong Kong HK: Restricted Licensed Banks: Assets: HK$: NCD: Issued by DTC data is updated monthly, averaging 10. Hong Kong HK: Restricted Licensed Banks: Domestic Loan: Bldg, Construction, Property Dev & Inv data is updated quarterly, averaging 5,379. 945 HKD mn in Jun 2018 and a record low of 38. Hong Kong has one of the highest concentrations of banking institutions in the world. Yes, you are allowed to, but note that banking institutions implement different sets of rules and asks for various paperwork for opening bank account in Hong Kong for foreigners. Apr 17, 2024 · Introduction. The HKMA also granted money broker approval Sep 26, 2019 · The Hong Kong Monetary Authority announced today (26 September 2019) that the Monetary Authority has approved the upgrading of the restricted banking licence of Morgan Stanley Asia International Limited (MSAIL) to a banking licence, and has granted banking licences to Qatar National Bank (Q. ABUK is incorporated in the United Kingdom. On the other hand, in most cases, it is a great deal simpler to do so in Hong Kong as opposed to either Europe or the US. At the end of 2022, Hong Kong had 155 licensed banks, 15 restricted licensed banks, and 12 deposit-taking companies. Hong Kong HK: Restricted Licensed Banks: Domestic Loan: Others data is updated quarterly, averaging 243. At the end of December 2006, there were 138 licensed banks, 31 restricted licence banks and 33 deposit-taking companies in business. Performance Rankings | Licensed banks | Virtual banks | Restricted licence banks | Deposit taking companies | Foreign bank branches. 439 HKD mn (Median) from Feb 1988 to Sep 2018, with 368 Jun 1, 2020 · Hong Kong’s banking system is characterized by a three-tier system, including Licensed banks, Restricted banks, and Deposit-taking companies. Moreover, 42 local representative offices of foreign banks are available in Hong Kong. 423 HKD mn (Median) from Mar 2004 to Sep 2018, with 59 observations. 906 HKD mn in Sep 2018. 663 HKD mn in Sep 2012. Best Places to Work (BPTW) is an international HR certification program that provides employers the opportunity to learn more about the engagement and Sep 18, 2020 · In Hong Kong, there are 164 licensed banks, 13 deposit-taking companies in business and 17 restricted license banks, constituting a total of 194 authorized institutions as well. Hong Kong is an international banking centre. Hong Kong HK: Restricted Licensed Banks: Assets: HK$ data is updated monthly, averaging 53,520. Hong Kong maintains a three-tier system of deposit-taking institutions: (i) licensed banks, (ii) restricted license banks, and (iii) deposit-taking companies. 000 HKD mn in Jul 1997 and a record low of 0. 7 As mentioned above, Hong Kong maintains a three-tier system of authorized institutions, namely banks, RLBs and DTCs. Hong Kong has a three-tier system of banking institutions covering licensed banks, restricted licence banks and deposit-taking companies. 000 Unit (Median) from Apr 1997 to Sep 2018, with 258 observations. 7. 024 HKD mn (Median) from Feb 1988 to Sep 2018, with 368 This records a decrease from the previous number of 27,528. The basic principle is that all deposits meeting the definition of deposit in Jul 11, 2023 · Registers and Lists. The data reached an all-time high of 1,859. 495 HKD mn in Sep 2018. Back to top. svfb081 Jun 6, 2018 · Hong Kong HK: Restricted Licensed Banks: Domestic Loan: Information Technology data is updated quarterly, averaging 820. 000 HKD mn in Sep 1992. 326 HKD mn in Sep 2014 and a record low of 0. Mar 28, 2024 · Key Takeaways. The granting of this restricted banking licence takes effect today (19 November). 258 HKD mn in Sep 2018. 500 HKD mn (Median) from Dec 1990 to Mar 2018, with 110 observations. Hong Kong HK: Restricted Licensed Banks: Assets: Negotiable Certificates of Deposits (NCD) data is updated monthly, averaging 3,145. 585 HKD mn (Median) from Mar 1989 to Sep 2018, with 119 observations. LIST OF BANKS IN HONG KONG In the category upon licensed banks, restricted banks & deposit-taking companies ( *Update of 31 December 2023 from the HKMA) LICENSED BANKS Incorporated In Hong Kong AIRSTAR BANK LIMITED ANT BANK (HONG KONG) LIMITED BANK OF CHINA (HONG KONG) LIMITED BANK OF COMMUNICATIONS (HONG KONG) LIMITED BANK OF EAST ASIA Jul 25, 2008 · The Hong Kong Monetary Authority announced today (Friday) that the Monetary Authority has upgraded Shinhan Bank's (SHB) restricted banking licence to a banking licence under the Banking Ordinance. 000 HKD mn in Jun 1995 and a record low of 2. Deposit-taking Companies. The data reached an all-time high of 15. 11, 2023 /PRNewswire/ -- Habib Bank Zurich (Hong Kong) Limited, a Restricted License Bank ("HBZHK", "the Bank"), has recently been recognised as one of the best places to work in Dec 7, 2023 · The Hong Kong Monetary Authority announced today (7 December) that the Monetary Authority has granted a restricted banking licence to THE ACCESS BANK UK LIMITED (ABUK) under the Banking Ordinance. Hong Kong HK: Restricted Licensed Banks: Assets: HK$ data was reported at 43,180. a. This records an increase from the previous number of 40,987. 265 HKD mn in May 2010. 931 HKD mn in Jan 2004. 1. The upgrade took effect on 24 July 2008. For disclosure statements of AIs that go beyond the last 3 years Hong Kong HK: Restricted Licensed Banks: Assets: Notes and Coins data is updated monthly, averaging 1. no. HBZHK is a subsidiary of Habib Bank AG Zurich, a banking group with a presence across 4 continents and 10 countries. Licensed Banks. Hong Kong HK: Restricted Licensed Banks: Liabilities: Foreign Currency: Deposits from Customers data remains active status in CEIC and is reported by Hong Kong Monetary Authority. The granting of this restricted banking licence takes effect today (7 December 2023). Restricted Licence Banks. 592 HKD mn (Median) from Dec 1990 to Mar 2018, with 110 observations. 548 HKD mn in Aug 2010. Jun 6, 2018 · This records a decrease from the previous number of 1. 000 HKD mn in Jul 1997 and a record low of 49,177. This license classification matters more from a commercial perspective. Full Terms and Conditions of Issued Capital Instruments. The data reached an all-time high of 2,191. 存款機構 Mar 26, 2023 · As a result, authorized institutions such as banks, restricted license banks, or deposit-taking companies regulated by the Hong Kong Monetary Authority, corporations licensed by the Securities and Futures Commission, insurers approved by the Insurance Authority (“IA”), and insurance brokers or agents licensed by the IA are exempt from MSO Hong Kong HK: Restricted Licensed Banks: Domestic Loan: Others data was reported at 487. KDB is incorporated in the Republic of Korea. 913 HKD mn in Mar 2018. Restricted License Banks can only accept deposits of HK$500,000 and above. Bank of China (Hong Kong) Limited: 3,685,578 Jun 6, 2018 · Hong Kong HK: Restricted Licensed Banks: Domestic Loan: Electricity and Gas data is updated quarterly, averaging 250. (PAB) and Hua Jul 23, 2021 · A restricted licence bank may take time, call or notice deposits from members of the public in amounts of HK$500,000 and above without restriction on maturity. The December 2018 figures for loans for use in/outside Hong Kong Jul 23, 2021 · Under the Ordinance, the banknotes issued by Bank of China (Hong Kong) Limited, Standard Chartered Bank (Hong Kong) Limited and The Hongkong and Shanghai Banking Corporation Limited and the HK$10 currency notes issued by the Financial Secretary pursuant thereto since 2002 are legal tender notes within Hong Kong. 724 HKD mn for Apr 2018. 871 HKD mn from Mar 1989 to Mar 2018, with 117 May 21, 2024 · Restricted license banks: These banks can do business like an investment bank in capital markets and can take deposits greater than HKD 500,000. Complaints Handling Procedures. 000 HKD mn (Median) from Jan 1991 to May 2018, with 329 observations. 000 HKD mn in Jun 1993. To be effective, the DPS should be able to cover a large majority of small depositors. Hongkong and Shanghai Banking Corporation Limited (The) 10,500,393: 2. Hong Kong’s financial markets operate under effective and transparent regulations that are in line with international standards. 452 HKD mn (Median) from Mar 1989 to Mar 2018, with 117 observations. Hong Kong HK: Restricted Licensed Banks: Domestic Loan: Misc: PI: Other Residental Properties data is updated quarterly, averaging 11,741. Jun 6, 2018 · Hong Kong HK: Restricted Licensed Banks: Domestic Loan: Information Technology: Telecom data is updated quarterly, averaging 780. The data reached an all-time high of 1,655. In the first ten months of 2015, RMB trade settlement handled by banks in Hong Kong amounted to RMB5. Jun 6, 2018 · The data reached an all-time high of 2,906. 574 HKD mn (Median) from Jan 1991 to May 2018, with 329 observations. 12. the DPS protection limit), is relatively low, the extention of DPS coverage to them may not add much to the general Jun 6, 2018 · Hong Kong HK: Restricted Licensed Banks: Domestic Loan: Manufacturing: Food data is updated quarterly, averaging 68. 000 HKD mn in Mar 1997 and a record low of 32. 000 HKD mn in Dec 1990. See also deposit-taking company, licensed bank and Three-tier Banking System. Jan 5, 2024 · DBS is one of the most commonly used banks in Hong Kong, with branches in various districts across the city. Restricted License Banks can be incorporated inside or outside Hong Kong. Hong Kong HK: Restricted Licensed Banks: Assets: HK$: Notes and Coins data is updated monthly, averaging 0. 11th, 2023 - Habib Bank Zurich (Hong Kong) Limited, a Restricted License Bank ("HBZHK", "the Bank"), has recently been recognised as one of the best places to work in Hong Kong. 11, 2023 /PRNewswire/ -- Habib Bank Zurich (Hong Kong) Limited, a Restricted License Bank ("HBZHK", "the Bank"), has recently been recognised as one of the best places to work in Jun 6, 2018 · Hong Kong HK: Restricted Licensed Banks: Domestic Loan: Manufacturing: Beverages & Tobacco data is updated quarterly, averaging 3. Jul 3, 2024 · Financial Results. 083 HKD mn in Sep 2018 and a record low of 59. 500 HKD mn (Median) from Dec 1990 to Sep 2018, with 112 observations. 000 HKD mn in Jul 2002. Sep 19, 2023 · As of June 2023, a total of 6,364 licenses have been issued for Categories 1 to 10 by the SFC. deposit-taking companies. Compare the results of banks across a variety of metrics in the charts for each of the five categories of banks in Hong Kong. Hong Kong HK: Restricted Licensed Banks: Domestic Loan: Transport & Equip: Taxis & Public Light Buses data is updated quarterly, averaging 3,510. Feb 15, 2024 · Administered by the Hong Kong Deposit Protection Board (the Board) under the Deposit Protection Scheme Ordinance, the DPS is a key component of Hong Kong’s financial safety net that helps maintain the stability of our banking system. ) (QNB), Ping An Bank Co. Status. 097 HKD mn for Dec 2017. 552 HKD mn for Aug 2018. The data reached an all-time high of 22,045. The onus is on the relevant persons to comply with the requirements in that section. They each are regulated and licensed differently. In fact, overall, 70 out of the 100 largest banks are situated in Hong Kong, offering services and products to address local and international needs. approved money brokers. S. The current three-tier structure of the banking system (i. The data reached an all-time high of 166. 000 HKD mn in Oct 1997 and a record low of 4,807. 7%, and Category 9 licenses account for 32. 497 HKD mn for Dec 2017. licensed banks (LBs), restricted licence banks (RLBs), deposit-taking companies (DTCs)) had a history of four decades and aimed to strike a restricted licence bank licensed bank list of licensed banks in hong kong name incorporated in address of the principal place of bussiness in hong kong tel. Restricted Licence Bank. There are 164 licensed banks, 17 restricted license banks, and 13 deposit-taking companies, constituting a total of 194 authorized institutions. 000 HKD mn in May 1991 and a record low of 10,136. 833 HKD mn for Aug 2018. Therefore, the restricted licensed banks and licensed banks will be considered as banks in Hong Kong. 香港實行存款機構三級制，按照存款金額、年期及業務性質，劃分為持牌銀行、有限制牌照銀行及接受存款公司，統稱為「 認可機構 」。. They each are allowed to hold different amounts of deposited money and provide . 2. This records an increase from the previous number of 148,481. 000 HKD mn in Jul 1997 and a record low of 50,662. 000 Unit in Nov 2011. 任何企業如欲在香港經營銀行業務或接受存款的業務，均必須獲得金管局發出的經營牌照。. Feb 12, 2009 · Under the Deposit Protection Scheme, deposits at licensed banks up to HK$100,000 are protected. 923 HKD mn for Aug 2018. We are operating in Hong Kong since 1979 and specialize in providing customized trade finance solutions with diverse range of products and services. 000 HKD mn in Sep 1997 and a record low of 22. 000 HKD mn from Jan 1991 to May 2018, with 329 observations. HK: Restricted Licensed Banks: Domestic Loan: Electricity, Gas & Telecommunications data was reported at 1,804. List of Top Banks in Hong Kong. This records an increase from the previous number of 281. This is usually determined by whether the loan is made available or disbursed in Hong Kong, and by the principal business location of the customer. This regime also covers “virtual banks,” which the HKMA defines as banks that primarily deliver retail banking services through the internet or Basic Information. The data reached an all-time high of 5,277. Address of the principal place of business outside Hong Kong (only for those incorporated outside Hong Kong) Sep 11, 2023 · HONG KONG, Sept. of advertising material to solicit deposits from members of the public in Hong Kong. 000 HKD mn (Median) from Jan 1991 to Sep 2018, with 323 observations. Register of AIs & LROs ( API Available ) Register of Securities Staff of AIs ( API Available ) Register of SVF Licensees ( API Available ) List of AI-related Trustees ( API Available ) Last revision date : 11 July 2023. This records a decrease from the previous number of 623. address of the official website consumber / retail / personal banking services corporate / business banking services agricultural bank of china limited mainland china Sep 11, 2023 · HONG KONG, Sept. Habib Bank Zurich (Hong Kong) Limited, a Restricted Licence Bank (“HBZHK”, “the Bank”), is incorporated in Hong Kong under the Banking Ordinance. The 100% deposit guarantee extends this coverage up to the full amount and to deposits with restricted licence banks and deposit-taking companies, up to the end of 2010. The data reached an all-time high of 4. one which is authorized under the Ordinance) or a central bank, without the written consent of the MA -. The data reached an all-time high of 33. Jul 23, 2021 · Under the Ordinance, the banknotes issued by Bank of China (Hong Kong) Limited, Standard Chartered Bank (Hong Kong) Limited and The Hongkong and Shanghai Banking Corporation Limited and the HK$10 currency notes issued by the Financial Secretary pursuant thereto since 2002 are legal tender notes within Hong Kong. The data reached an all-time high of 169. 564 HKD mn in Jun 2010. Restricted in the amount and terms of deposits accepted from customers: list of banks in hong kong in the category upon licensed banks, restricted banks & deposit-taking companies (update of april 2020 from the hkma) licensed banks no. 000 Unit in Dec 2001 and a record low of 2. Banking Industry in Hong Kong 2 Hong Kong HK: Restricted Licensed Banks: Assets: Foreign Currency data is updated monthly, averaging 102,316. Unless otherwise exempted by the Board, all licensed banks are members of the DPS and deposits placed with Hong Kong HK: Restricted Licensed Banks: Assets: HK$: Notes and Coins data was reported at 0. 301 HKD mn from Jan 1991 to Sep 2018, with 333 observations. 049 HKD mn in Mar 2005. The data reached an all-time high of 2,104. One of the key services offered by DBS is fast overseas transfers through DBS iBanking online banking or the DBS Digibank HK app. The three tiers of the deposit-taking institutions follow different restrictions. The four main types of banks that operate here are restricted license banks, licensed banks, deposit-taking companies, and offices of foreign banks - all overseen by the ever-vigilant HKMA (Hong Kong Monetary Authority) for maximum efficiency and customer safety. 000 HKD mn in Sep 1992 and a record low of 0. These 202 authorized institutions operate a Habib Bank Zurich (Hong Kong) Limited (formerly HBZ Finance Limited) is a Restricted Licence Bank (RLB) incorporated in Hong Kong under The Banking Ordinance. Jun 6, 2018 · Hong Kong HK: Restricted Licensed Banks: Domestic Loan: Transport & Equip: Shipping data is updated quarterly, averaging 401. 980 HKD mn (Median) from Feb 1988 to Sep 2018, with 368 observations. 1 Under section 97(1) of the Ordinance, it is an offence for any person, other than a bank (i. There are only a few restricted licensed banks in Hong Kong, such as Goldman Sachs Asia Bank Limited and Orix Asia Limited. 351 HKD mn in Sep 2018. 16. 494 HKD mn in Sep 2018. The process can take up to two weeks, but it Application of Hong Kong Banking License - Deloitte US There are four types of banks in Hong Kong: licensed banks, which are allowed to accept deposits as well as operate savings and current accounts; restricted-license banks, working on investments and capital markets, allowed to take deposits of HK$500,000 and above; deposit-taking companies, which business activities include consumer finance and Jun 6, 2018 · This records an increase from the previous number of 109. Sep 11, 2023 · HONG KONG, Sept. During the year, the HKMA granted one banking licence and one restricted bank licence to two banks incorporated outside Hong Kong. The data reached an all-time high of 222,371. There are separate licensing regimes, laws Jun 6, 2018 · The data reached an all-time high of 931. The data reached an all-time high of 39,340. 739 HKD mn in Sep 2018 and a record low of 16. Hong Kong currently maintains a three-tier system of authorised institutions2, namely licensed banks (“bank”), restricted licensed banks (the “RLB”) and deposit taking companies (the “DTC”). They can be incorporated both within and outside Hong Kong. An institution may be authorised by the HKMA as any one of them depending on the scope of banking business it intends to carry on in Hong Kong. 25TH FLOOR, TWO EXCHANGE SQUARE, 8 CONNAUGHT PLACE, CENTRAL, HONG KONG. e. Licensed banks; Restricted license bank; Deposit-taking companies; They are classified according to the amount and term of deposits accepted and the nature of the business and are collectively known as authorized institutions. Institutions authorised by the Hong Kong Monetary Authority (HKMA) will fall into one of the three tiers in the three-tier system: licenced banks, restricted licence banks, and deposit-taking companies. to use the word “bank” or any of its derivatives in English, or any translation thereof in any other language, or use the From the debut of RMB trade in July 2009, banks in Hong Kong had handled RMB trade settlement totalling about RMB15 trillion as of end-2014. Hong Kong HK: Restricted Licensed Banks: Liabilities: Foreign Currency: Negotiable Certificates of Deposits Outstanding data remains active status in CEIC and is reported by Hong Kong Monetary Authority. The data reached an all-time high of 1,760. Feb 16, 2024 · Restricted License Banks. 1 per cent and restricted licence banks take up the rest, according to Jul 3, 2024 · Ranking Total assets HK$ million; 1. 000 HKD mn in Jan 1993 and a record low of 0. 941 HKD mn (Median) from Jan 1991 to Sep Sep 11, 2023 · ABOUT HABIB BANK ZURICH (HONG KONG), A RESTRICTED LICENSE BANK. The data reached an all-time high of 754. The data reached an all-time high of 45,928. 297 HKD mn in Jun 2018. Such banks can only accept deposits of HKD 500,000 or more. 696 HKD mn (Median) from Feb 1988 to May 2018, with 364 observations. The three-tier system 2. 2/F & 3/F, BANK OF CHINA BUILDING, 2A DES VOEUX ROAD CENTRAL, HONG KONG. Hong Kong HK: Restricted Licensed Banks: Domestic Loan: Manufacturing: Metal Products & Engineering data remains active status in CEIC and is reported by Hong Kong Monetary Authority. P. 4 days ago · Register of AIs & LROs. C. Introduction. This records an increase from the previous number of 17,779. 000 HKD mn in Oct 2013. 40. , ltd. Among these, Category 4 licenses account for 29. “You may search for disclosure statements of AIs under the Banking (Disclosure) Rules and the Financial Institutions (Resolution) (Loss-absorbing Capacity Requirements – Banking Sector) Rules of the last 3 years from the online Register of AIs and LROs. svfb013 13/11/2016: bank of india 2/f. licensed banks. 000 HKD mn in Dec 2016. 11, 2023 /PRNewswire/ -- Habib Bank Zurich (Hong Kong) Limited, a Restricted License Bank ("HBZHK", "the Bank"), has recently been recognised as one of the best places to work in Jul 2, 2024 · 銀行三級發牌制度. In this blog, we will delve into the key features of each type and how they work. restricted licence banks. 357 HKD mn in Mar 2014 and a record low of 9. 990 HKD mn (Median) from Mar 1989 to Sep 2018, with 119 observations. SHB is incorporated in Korea and has operated a branch in Hong Kong under a restricted banking licence since Habib Bank Zurich (Hong Kong) Limited (formerly HBZ Finance Limited) is a Restricted Licence Bank (RLB) incorporated in Hong Kong under The Banking Ordinance. 000 HKD mn in Sep 1994 and a record low of 22. 000 HKD mn in Sep 1997 and a record low of 628. The data reached an all-time high of 220,055. Below is a list of the most popular banks in Hong Hong Kong Number of Local Branches: Restricted Licensed Banks data is updated monthly, averaging 6. Hong Kong HK: Restricted Licence Banks: Assets: Total data is updated monthly, averaging 168,670. 555 HKD mn in Mar 2009. Jun 6, 2018 · This records an increase from the previous number of 1,929. Hong Kong HK: Restricted Licensed Banks: Liabilities: Foreign Currency data is updated monthly, averaging 105,771. Address of the principal place of business outside Hong Kong (only for those incorporated outside Hong Kong) HKMA register of securities staff of Authorized Institutions. Address of the principal place of business in Hong Kong. Home to the most concentrated banking system in the world, Hong Kong is a vibrant financial center. After the granting bank of dongguan co. 000 HKD mn in Jun 1997 and a record low of 0. See also Coinage Ordinance. aq yn qb hn tg yx ke hj mu qg