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The Hong Kong Association of Banks (HKAB; Chinese: 香港銀行公會) is an association created based on a series of Bank Ordinances enacted since 1948. In 1981 the association was established and replaced the Exchange Bank Association .
Hong Kong has become a center for money laundering and sanctions evasion under the tightening grip of Beijing, US lawmakers have warned, calling for a re-evaluation of America’s close business ...
Brown was also chairman of the Hong Kong Association of Banks, the Hong Kong Export Credit Insurance Advisory Committee, the Special Committee on Land Supply and the Hong Kong Ballet Academy. He was the member of the Council of the Chinese University of Hong Kong from 1979 to 1987. For his public service, Brown received an honorary doctoral ...
As one of the top five financial centres worldwide, 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 of 2019, there were 164 licensed banks, 17 restricted licence banks and 13 deposit-taking companies in business, constituting ...
Earlier this year, Wong pledged to invest an additional $192 million in the cities of Hong Kong and Macau, and its private bank unveiled a target to grow Hong Kong assets under management by 50% ...
The Li family (Chinese: 李) are a banking dynasty in Hong Kong and associated with the Bank of East Asia, although its family members have held positions in various other businesses, as well as the Hong Kong Government, the Hong Kong Judiciary, and the Hong Kong Legislative Council. While the Li family spans many generations and has many ...
The Banking Ordinance is a set of laws passed by the Legislative Council of Hong Kong to tighten restrictions for opening up or licensing a bank. Prior to the 1964 re-regulations, the government had no way to control bank's monetary effect on the economy. It also had no way of protecting the people utilizing the institutions.
After the establishment of Hong Kong as a British colony in 1842, the territory witnessed the foundation of its modern banking system. [1] The Hongkong and Shanghai Banking Corporation (HSBC) was established in 1865, with the primary purpose of financing trade between China and Europe.