The Hong Kong Monetary Authority (HKMA) is the main authority or financial board of Hong Kong. It is the central bank of Hong Kong and is a government-owned organization. The HKMA was established on 1st April 1993.
– The HKMA issues currency and banknotes to ensure currency stability, promote efficiency, integrity, maintain foreign exchange reserves and has many other responsibilities like regulating banking activities in Hong Kong.
– The banking system in Hong Kong can be divided into three layers: Licensed banks, Restricted license banks and Deposit-taking banks.
– The HKMA is responsible for regulating the banking activities in Hong Kong.
– Banks in Hong Kong have to maintain a minimum paid-up capital of $100 million and with certain other criteria, they can apply for licensing from the HKMA.
– Restricted license banks are those who cannot issue banknotes or accept fixed deposits but they can take offshore deposits as well as offer loans, trade funds and provide investment services.
– Deposit-taking banks are not allowed to do lending business but take only deposit money such as saving account balances etc., This title will list out all the licensed banks operating currently in Hong Kong.
- Licensed bank Licensed banks in Hong Kong offer savings and current accounts. They perform routine functions such as accepting deposits or collecting checks from customers. These banks have no restrictions on the acceptable deposit amount.
- Restricted license bank Restricted banks in Hong Kong are mainly engaged in capital markets and merchant banking. Their acceptable deposit is at least HK$500,000.
- Deposit-taking banks Companies that accept deposits are mainly banks in Hong Kong or companies linked to banks. These banks can accept deposits of at least 100,000 Hong Kong dollars, with an original maturity of at least three months. They provide professional services, including securities business and consumer finance.
All of these banks are collectively known as authorized institutions that are controls by the Hong Kong Monetary Authority (HKMA). In this post, you will get all the information’s about Banks in Hong Kong.
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The Hong Kong Monetary Authority (HKMA)
Al a glance The Hong Kong Monetary Authority (HKMA) Information.
Headquarters: International Finance Centre
Established: 1 April 1993
Chief Executive: Eddie Yue
Central bank of Hong Kong
Currency:’ Hong Kong dollar
Bank rate: 0.50%
Interest : None
Website: www.hkma.gov.hk
List of all Banks in Hong Kong
Only licensed banks are allowed to operate savings and current accounts and accept deposits of any amount due to maintaining banking systems. Customers can draw cheques to withdraw money at banking time. these are the activities of licensed banks.
Incorporated in Hong Kong
- Bank of Communications
- Bank of East Asia
- China CITIC Bank International
- China Construction Bank (Asia)
- Chiyu Banking Corporation
- Chong Hing Bank
- Citibank (Hong Kong)
- Dah Sing Bank
- DBS Bank (Hong Kong)
- Fubon Bank (Hong Kong)
- Hang Seng Bank
- Hongkong and Shanghai Banking Corporation
- Industrial and Commercial Bank of China (Asia)
- Nanyang Commercial Bank
- OCBC Wing Hang Bank
- Public Bank (Hong Kong)
- Shanghai Commercial Bank
- Standard Chartered Hong Kong
- Tai Sang Bank
- Tai Yau Bank
- Wing Lung Bank
Incorporated outside Hong Kong
- ABN AMRO Bank N.V.
- Agricultural Bank of China
- Allahabad Bank
- Australia and New Zealand Banking Group
- Axis Bank
- Banca della Svizzera Italiana (BSI)
- Banca Monte dei Paschi di Siena
- Banco Bilbao Vizcaya Argentaria
- Banco Santander
- Bangkok Bank Public Co. Ltd.
- Bank J. Safra Sarasin
- Bank of America
- Bank of Baroda India
- Bank of China
- Bank of Communications Hong Kong Branch
- Bank of India
- Bank Negara Indonesia
- Bank of New York Mellon
- Bank of Nova Scotia
- Bank of the Philippine Islands
- Bank of Taiwan
- MUFG Bank
- Bank of Singapore
- Bank SinoPac
- Barclays
- BDO Unibank Philippines
- BNP Paribas France
- BNP Paribas Securities Services
- BNP Paribas Wealth Management France
- Canadian Imperial Bank of Commerce
- Canara Bank India
- Cathay Bank USA
- Cathay United Bank Taiwan
- Chang Hwa Commercial Bank
- Chiba Bank, Japan
- China Construction Bank
- China Development Bank
- China Everbright Bank
- China Merchants Bank
- China Minsheng Banking Corporation
- Chugoku Bank
- CIMB Bank Malaysia
- Citibank
- Commerzbank Germany
- Commonwealth Bank of Australia
- Coutts & Co. England
- Crédit Agricole France
- Crédit Agricole Corporate and Investment Bank
- Crédit Industriel et Commercial
- Credit Suisse
- CTBC Bank Taiwan
- DBS Bank Singapore
- Deutsche Bank Germany
- DZ Bank Germany
- E.SUN Commercial Bank Taiwan
- East West Bank
- Edmond de Rothschild (Suisse) Switzerland
- EFG Bank Switzerland
- Erste Group Bank Austria
- Falcon Private Bank Switzerland
- Far Eastern International Bank Taiwan
- First Commercial Bank Taiwan
- Hachijuni Bank, Japan
- Hana Bank South Korea
- HDFC Bank India
- Hong Leong Bank Malaysia
- HSBC Bank plc
- HSBC Bank International (Jersey)
- HSBC Bank USA
- Hua Nan Commercial Bank Taiwan
- UniCredit Bank AG Germany
- ICICI Bank India
- Indian Overseas Bank India
- Industrial and Commercial Bank of China
- Industrial Bank of Korea
- O-Bank(Industrial Bank of Taiwan)
- Industrial Bank Co. China
- ING Bank Netherlands
- Intesa Sanpaolo Italy
- Iyo Bank, Japan
- JPMorgan Chase Bank
- Bank Julius Baer & Co. Switzerland
- KBC Bank Belgium
- Korea Exchange Bank
- Land Bank of Taiwan
- LGT Bank (Liechtenstein)
- Lloyds Bank
- Macquarie Group Limited Australia
- Mega International Commercial Bank Taiwan
- Mashreq Bank UAE
- Maybank Malaysia
- Melli Bank
- Mirae Asset
- Mitsubishi UFJ Trust and Banking Corporation Japan
- Mizuho Bank Japan
- National Australia Bank Australia
- National Bank of Abu Dhabi
- National Bank of Pakistan
- Natixis France
- Newedge Group France
- Nomura Holdings, Inc.Japan
- Oversea-Chinese Banking Corporation Singapore
- Pictet & Cie (Europe) Switzerland
- Philippine National Bank
- Punjab National Bank India
- Coöperatieve Centrale Raiffeisen-Boerenleenbank Netherlands
- Raiffeisen Bank International Austria
- Royal Bank of Canada
- Royal Bank of Scotland
- Royal Bank of Scotland N.V., The
- Samsung Securities
- Shanghai Commercial and Savings Bank
- Shanghai Pudong Development Bank
- Shiga Bank
- Shizuoka Bank Japan
- Skandinaviska Enskilda Banken
- Société Générale
- Societe Generale Bank & Trust
- Standard Bank
- Standard Chartered Bank
- State Bank of India
- State Street Bank and Trust Company
- Sumitomo Mitsui Banking Corporation
- Sumitomo Mitsui Trust Bank
- Svenska Handelsbanken (Sweden)
- Ta Chong Bank Taiwan
- Taipei Fubon Commercial Bank
- Taishin International Bank Taiwan
- Taiwan Business Bank Taiwan
- Taiwan Cooperative Bank
- Toronto-Dominion Bank
- Taiwan Shin Kong Commercial Bank
- Shinhan Bank South Korea
- UBS
- UCO Bank
- Union Bank of India
- United Overseas Bank
- Wells Fargo Bank
- Portigon
- Westpac Banking Corporation
- Woori Bank
Restricted license banks
Incorporated in Hong Kong
- Allied Banking Corporation (Hong Kong) Limited
- Bank of America Securities Asia Limited
- Bank of China International Limited
- Bank of Shanghai (Hong Kong) Limited
- Citicorp International Limited
- Habib Bank Zurich (Hong Kong) Limited
- J. P. Morgan Securities (Asia Pacific)
- KDB Asia
- Kookmin Bank Hong Kong
- Morgan Stanley Asia International Limited
- Orix Asia Limited
- RBC Capital Markets (Hong Kong)
- Scotiabank (Hong Kong)
- Société Générale Asia
- UBAF (Hong Kong)
Incorporated outside Hong Kong
- Bank Mandiri
- Bank of Ayudhya
- Kasikornbank
- Siam Commercial Bank
- Euroclear Bank Belgium
- RBC Investor Services Bank
- Morgan Stanley (Switzerland) AG
Deposit-taking companies
- 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
- 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
- Antwerp Diamond Bank
- Ashikaga Bank
- BPER Banca
- Banca Popolare di Sondrio
- Banco BPM
- Banco Security
- Bank Central Asia
- Bank of Beijing
- Bank of Dongguan
- Bank of Fukuoka
- Bank Hapoalim (Switzerland)
- Bank of Kyoto
- Bank Rakyat Indonesia
- Bank of Yokohama
- Banque cantonale de Genève
- Banque Degroof Luxembourg
- Banque Transatlantique
- Central Bank of India
- China Guangfa Bank
- Clearstream Banking
- Credit Industriel et Commercial
- Corporation Bank
- Doha Bank
- Dukascopy Bank
- Expobank
- Fiduciary Trust Company International
- First Gulf Bank
- Habib Bank AG Zurich
- HSH Nordbank
- Investec Bank
- Japan Post Bank
- Jih Sun International Bank
- Juroku Bank
- Korea Development Bank
- Metropolitan Bank and Trust Company
- Nanto Bank
- National Bank of Canada
- Nishi-Nippon City Bank
- Norinchukin Bank
- Ogaki Kyoritsu Bank
- Oita Bank
- Ping An Bank
- Resona Bank
- Rothschild Bank
- Schroder & Co Bank
- Shinkin Central Bank
- Silicon Valley Bank
- Swissquote Bank
- Trasta komercbanka
- Union Bank of Taiwan
- UBI Banca (Unione di Banche Italiane S.p.A.)
- VP Bank (Liechtenstein)
- Yamaguchi Bank
- Yamanashi Chuo Bank
- Yuanta Commercial Bank
These are the best and selected banks in Hong Kong. You can visit the site to get more information. All links and information are updated herewith.