List of banks in Hong Kong

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 of East Asia (together with Tokyo, Seoul, Shanghai, and Beijing), 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 at 16 January 2015, there were 159 licensed banks, 21 restricted licence banks and 23 deposit-taking companies in business, constituting a total of 203 authorized institutions with 1,372 local branches. In addition, there are 63 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.

Licensed banks incorporated in Hong Kong

Licensed banks incorporated outside Hong Kong

Mainland China

Taiwan (Republic of China)

United Kingdom and Jersey

Eurozone and Sweden

Switzerland and Liechtenstein

United States

Canada

Australia

Japan

Rest of Asia

South Korea
Singapore
Malaysia
Indonesia
Philippines
Thailand
India
Pakistan
United Arab Emirates

Restricted licence banks

Restricted licence banks are principally engaged in merchant banking and capital market activities. They may take deposits of any maturity of HK$500,000 and above.

Restricted licence banks incorporated in Hong Kong

Restricted licence banks incorporated outside Hong Kong

Indonesia

Thailand

Belgium

Luxembourg

Switzerland

Deposit-taking companies (all incorporated in Hong Kong)

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.

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.

Mainland China

Taiwan

Eurozone

Switzerland and Liechtenstein

United States

Canada

Chile

South Africa

Japan

Rest of Asia

South Korea

Philippines

Indonesia

India

Qatar

United Arab Emirates

Approved money brokers

Defunct, renamed or acquired banks

This list is incomplete; you can help by expanding it.

See also

References

  1. ↑ Hong Kong Monetary Authority - The Three-tier Banking System
  2. ↑ HKMA Register of Authorized Institutions and Local Representative Offices

External links

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