Banking Stability
Banking Stability mainly depends on the "Banking System and Supervision". A "Three-Tier System" was implemented in the 1980s. Institutions are also managed differently depending on whether they are categorised as Licensed Banks, Restricted License Bank or Deposit-taking Institutions. Overseas banks may also establish local representative offices in Hong Kong.
Read more about this topic: Hong Kong Monetary Authority
Famous quotes containing the words banking and/or stability:
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—William Howard Taft (1857–1930)
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