List_of_banks_in_Hong_Kong

List of banks in Hong Kong

List of banks in Hong Kong

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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 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 a total of 194 authorized institutions. In addition, there are 42 local representative offices of foreign banks in Hong Kong.[2]

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.

Incorporated in Hong Kong

More information Clearing Code, Bank Name ...

Virtual banks incorporated in Hong Kong

More information Clearing Code, Bank Name ...

Incorporated outside Hong Kong

More information Clearing Code, Bank Name ...

Restricted licence banks

Incorporated in Hong Kong

More information Bank Name, Chinese Name ...

Incorporated outside Hong Kong

More information Bank Name, Country of Origin ...

Deposit-taking companies

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. As of 30 September 2023, all deposit-taking companies are incorporated in Hong Kong:[3]

More information Bank Name, Chinese Name ...

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.

More information Bank Name, Chinese Name ...

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
  • Sendra Holdings Limited
  • Tradition (Asia) Limited
  • Tullett Prebon (Hong Kong) Limited

Defunct, renamed or acquired banks

See also

References

  1. [1]
    "Hong Kong Monetary Authority - The Three-tier Banking System". Hong Kong Monetary Authority. Retrieved 26 December 2023.
  2. [2]
    "Hong Kong Monetary Authority". Hong Kong Monetary Authority. Retrieved 17 May 2018.
  3. [3]
    "List of deposit-taking companies". Hong Kong Monetary Authority. 30 September 2023. Retrieved 30 October 2023.
  4. [4]
    HK company directory Retrieved 2018-05-19
  5. [5]
    HK Company directory retrieved 2018-05-19
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