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On 21 August 2000, ICBC acquired the Union Bank of Hong Kong, which was founded in Hong Kong in 1964 and traded on the Hong Kong Stock Exchange since 1973. The bank was renamed as ICBC (Asia) after the acquisition by ICBC in July 2001. On 30 April 2004, ICBC (Asia) acquired the retail banking business (but not the wholesale banking business) of ...
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 ...
HSBC is one of the three commercial banks which are authorised to issue banknotes for Hong Kong - the other two being the Bank of China (Hong Kong) and Standard Chartered Bank (Hong Kong). [5] Of the total notes in circulation measured by value, HSBC is the most prolific issuer, its notes representing 67.7% of those in issue.
ZA Bank, co-owned by mainland online insurer ZhongAn Online P&C; Insurance and Sinolink Group, on Wednesday became the first virtual bank to start services in Hong Kong after gaining regulatory ...
In 2017, the Hong Kong Monetary Authority (HKMA) began to explore the need to accelerate the development of FinTech firms in Hong Kong, particularly virtual banks.By 2018, the HKMA had begun the application process for a virtual banking license in Hong Kong, with the first deadline being 31 August 2018. [1]
The bank was incorporated in Hong Kong as The Hongkong and Shanghai Banking Corporation by the Hongkong and Shanghai Bank Ordinance (Numbers 2 and 5 of 1866), [18] and a branch in Japan was also established in Yokohama in 1866.
Tai Sang Bank Limited is a licensed privately owned bank based in Hong Kong. [2] The bank was established by Ma Kam-chan, a businessman from Kwangtung (now Guangdong), in 1937 after his family migrated to Hong Kong. Ma went on to serve as the chairman of the bank until he died in 1984. The bank is currently chaired by Patrick Ma Ching Hang. [3]
Bank of Communications (Hong Kong) Logo. The Bank's Hong Kong Branch was consolidated as part of "Joint Office of Joint Public-Private Banks" in 1952, and later part of the Bank of China Group. On 14 April 1998, the Hong Kong Branch seceded from the Bank of China Group, and its Head Office resumed its full management.