World Library  
Flag as Inappropriate
Email this Article

List of banks in Hong Kong

 

List of banks in Hong Kong

Hong Kong maintains a three-tier system of deposit-taking institutions, i.e. licensed banks, restricted licence banks and deposit-taking companies. They are collectively known as authorized institutions supervised by the Hong Kong Monetary Authority (HKMA).[1]

As one of the top five financial centres of East Asia (together with Tokyo, Seoul, Shanghai, and Beijing), Hong Kong has one of the highest concentrations of banking institutions in the world, with 70 of the largest 100 banks in the world having an operation in Hong Kong. As at 16 January 2015, there were 159 licensed banks, 21 restricted licence banks and 23 deposit-taking companies in business, constituting a total of 203 authorized institutions with 1,372 local branches. In addition, there are 63 local representative offices of foreign banks in Hong Kong.[2]

Contents

  • Licensed banks 1
    • Licensed banks incorporated in Hong Kong 1.1
    • Licensed banks incorporated outside Hong Kong 1.2
      • Mainland China 1.2.1
      • Taiwan 1.2.2
      • United Kingdom and Jersey 1.2.3
      • Eurozone and Sweden 1.2.4
      • Switzerland and Liechtenstein 1.2.5
      • United States 1.2.6
      • Canada 1.2.7
      • Australia 1.2.8
      • Japan 1.2.9
      • Rest of Asia 1.2.10
        • South Korea 1.2.10.1
        • Singapore 1.2.10.2
        • Malaysia 1.2.10.3
        • Indonesia 1.2.10.4
        • Philippines 1.2.10.5
        • Thailand 1.2.10.6
        • India 1.2.10.7
        • Pakistan 1.2.10.8
        • United Arab Emirates 1.2.10.9
  • Restricted licence banks 2
    • Restricted licence banks incorporated in Hong Kong 2.1
    • Restricted licence banks incorporated outside Hong Kong 2.2
      • Indonesia 2.2.1
      • Thailand 2.2.2
      • Belgium 2.2.3
      • Luxembourg 2.2.4
      • Switzerland 2.2.5
  • Deposit-taking companies (all incorporated in Hong Kong) 3
  • Local representative offices (all incorporated outside Hong Kong) 4
    • Mainland China 4.1
    • Taiwan 4.2
    • Eurozone 4.3
    • Switzerland and Liechtenstein 4.4
    • United States 4.5
    • Canada 4.6
    • Chile 4.7
    • South Africa 4.8
    • Japan 4.9
    • Rest of Asia 4.10
      • South Korea 4.10.1
      • Philippines 4.10.2
      • Indonesia 4.10.3
      • India 4.10.4
      • Qatar 4.10.5
      • United Arab Emirates 4.10.6
  • Approved money brokers 5
  • Defunct, renamed or acquired banks 6
  • See also 7
  • References 8
  • External links 9

Licensed banks

Only licensed banks may operate current and savings accounts, accept deposits of any size and maturity from the public, and pay or collect cheques drawn, or paid in, by customers.

Licensed banks incorporated in Hong Kong

Licensed banks incorporated outside Hong Kong

Mainland China

Taiwan

United Kingdom and Jersey

Eurozone and Sweden

Switzerland and Liechtenstein

United States

Canada

Australia

Japan

Rest of Asia

South Korea
Singapore
Malaysia
Indonesia
Philippines
Thailand
India
Pakistan
United Arab Emirates

Restricted licence banks

Restricted licence banks are principally engaged in merchant banking and capital market activities. They may take deposits of any maturity of HK$500,000 and above.

Restricted licence banks incorporated in Hong Kong

Restricted licence banks incorporated outside Hong Kong

Indonesia

Thailand

Belgium

Luxembourg

Switzerland

  • Bank Morgan Stanley

Deposit-taking companies (all incorporated in Hong Kong)

Deposit-taking companies are mostly owned by, or associated with, banks. These companies engage in specialized activities, such as consumer finance and securities business. They may take deposits of HK$100,000 or above with an original term of maturity of at least three months.

  • BCOM Finance (Hong Kong)
  • BPI International Finance
  • Chau's Brothers Finance Company
  • Chong Hing Finance
  • Commonwealth Finance Corporation
  • Corporate Finance (D.T.C.)
  • Fubon Credit (Hong Kong)
  • Gunma Finance (Hong Kong)
  • Habib Finance International
  • HBZ Finance
  • Henderson International Finance
  • HKCB Finance
  • Hung Kai Finance Co.
  • KEB Asia Finance
  • Kexim Asia
  • OCBC Inchroy Credit Corporation
  • OCBC Wing Hang Finance Company
  • Octopus Cards
  • PrimeCredit
  • Public Finance
  • Shinhan Asia
  • Vietnam Finance Company
  • Woori Global Markets Asia

Local representative offices (all incorporated outside Hong Kong)

Overseas banks may establish local representative offices in Hong Kong, but they are not allowed to engage in any banking business and their role is confined mainly to liaison work between the bank and its customers in Hong Kong.

Mainland China

Taiwan

  • Jih Sun International Bank
  • Union Bank of Taiwan
  • Yuanta Commercial Bank

Eurozone

Switzerland and Liechtenstein

United States

Canada

Chile

  • Banco Security

South Africa

Japan

Rest of Asia

South Korea

Philippines

Indonesia

India

Qatar

  • Doha Bank

United Arab Emirates

Approved money brokers

  • BGC Capital Markets (Hong Kong) Limited
  • Bloomberg Tradebook Hong Kong Limited
  • Currenex, Inc.
  • EBS Service Company Limited
  • FX Alliance, Llc
  • Fxmarketspace Limited
  • GFI (HK) Brokers Limited
  • ICAP (Hong Kong) Limited
  • iMarkets Limited
  • Korea Money Brokerage Corporation
  • Lotus Forex Limited
  • Nittan Capital Asia Limited
  • Reuters Transaction Services Limited
  • SMBC Capital Markets Limited
  • Tradition (Asia) Limited
  • Tullett Prebon (Hong Kong) Limited

Defunct, renamed or acquired banks

See also

References

  1. ^ Hong Kong Monetary Authority - The Three-tier Banking System
  2. ^ HKMA Register of Authorized Institutions and Local Representative Offices

External links

  • Hong Kong Monetary Authority (HKMA)
  • Banks in Hong Kong
  • List of Banks and Branches in Hong Kong
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.