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Standard Chartered Hong Kong (officially Standard Chartered Bank (Hong Kong) Limited, Chinese: 渣打銀行(香港)有限公司) is a licensed bank incorporated in Hong Kong and a subsidiary of Standard Chartered. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar.
Standard Chartered PLC is a British multinational bank with operations in wealth management, corporate and investment banking, and treasury services.Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa, and the Middle East.
Banknotes of the Hong Kong Dollar, the official currency of the HKSAR, is issued by Hong Kong Monetary Authority, Bank of China (Hong Kong), HSBC and Standard Chartered (Hong Kong). [citation needed] Part of commercial banks in Hong Kong are listed below. Bank of China (Hong Kong) Limited; Bank of East Asia Limited
Leading to the incorporation of Standard Chartered (Hong Kong) on 1 July 2004, the Legislative Council of Hong Kong amended the Legal Tender Notes Issue Ordinance. The amendment replaced Standard Chartered Bank with its newly incorporated subsidiary - Standard Chartered Bank (Hong Kong) Ltd - as one of the note-issuing banks in Hong Kong. [2]
Later on 6 March 1979, the Standard Chartered Bank (Hong Kong) issued its own one thousand-dollar note, with a dimension of 100mm by 170mm. Since 1985, the note issued by both banks were redesigned with a shrunk size of 81.5mm by 163mm.
The Hong Kong one hundred and fifty dollar note is a commemorative banknote issued by the Standard Chartered Bank (Hong Kong) on 1 October 2009 and HSBC on 2015 to commemorate on the 150th Anniversary of the Standard Chartered Hong Kong branch [1] and HSBC respectively.
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 ...
The five-dollar note was first issued in 1858 by the Mercantile Bank, 1865 by the Standard Chartered Bank (Hong Kong), 1866 by the Oriental Bank Corporation, 1897 by The Hongkong and Shanghai Banking Corporation, and 1894 by the National Bank of China.