List Of Banks In Hong Kong
Hong Kong maintains a three-tier system of deposit-taking institutions, licensed banks, restricted-licence banks and deposit-taking companies. They are collectively known as authorised institutions by the Hong Kong Monetary Authority, which is responsible for regulations.
Hong Kong is the financial centre of East Asia. It has one of the highest concentrations of banking institutions in the world. 71 of the largest 100 banks in the world have an operation in Hong Kong. At the end of September 2004, there were 133 licensed banks, 42 restricted-licence banks and 36 deposit-taking companies in business, giving a total of 211 authorised institutions, with 1295 local branches. 186 of these 211 authorised institutions are beneficially owned by interests from 31 countries. In addition, there are 85 local representative offices of overseas banks in Hong Kong.
Read more about List Of Banks In Hong Kong: Licensed Banks, Restricted License Banks, Deposit-taking Companies, Local Representative Offices in Hong Kong, Approved Money Brokers in Hong Kong, Defunct, Renamed or Acquired Banks
Famous quotes containing the words list of, list and/or banks:
“Shea—they call him Scholar Jack—
Went down the list of the dead.
Officers, seamen, gunners, marines,
The crews of the gig and yawl,
The bearded man and the lad in his teens,
Carpenters, coal-passers—all.”
—Joseph I. C. Clarke (1846–1925)
“Weigh what loss your honor may sustain
If with too credent ear you list his songs,
Or lose your heart, or your chaste treasure open
To his unmastered importunity.”
—William Shakespeare (1564–1616)
“The world is a puzzling place today. All these banks sending us credit cards, with our names on them. Well, we didn’t order any credit cards! We don’t spend what we don’t have. So we just cut them in half and throw them out, just as soon as we open them in the mail. Imagine a bank sending credit cards to two ladies over a hundred years old! What are those folks thinking?”
—Sarah Louise Delany (b. 1889)