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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 ...
List of banks in Lesotho. This is a list of commercial banks in Lesotho [1] Standard Bank. Nedbank. First National Bank. Lesotho Post Bank.
Banknotes. Standard Chartered Bank (Hong Kong) Limited is one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes in Hong Kong, the other two being the Bank of China (Hong Kong) and The Hongkong and Shanghai Banking Corporation. The Bank has been issuing banknotes since the 1860s (as The Chartered Bank ...
The Clearing House Automated Transfer System, or CHATS, is a real-time gross settlement (RTGS) system for the transfer of funds in Hong Kong. It is operated by Hong Kong Interbank Clearing Limited, a private company jointly owned by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks. Transactions in four currency ...
HSBC is one of the three commercial banks which are authorised to issue banknotes for Hong Kong - the other two being the Bank of China (Hong Kong) and Standard Chartered Bank (Hong Kong). [ 6] Of the total notes in circulation measured by value, HSBC is the most prolific issuer, its notes representing 67.7% of those in issue.
The Hong Kong Association of Banks ( HKAB; Chinese: 香港銀行公會) is an association created based on a series of Bank Ordinances enacted since 1948. In 1981 the association was established and replaced the Exchange Bank Association. The ordinance provides a framework for the Hong Kong Government to exchange views with the banking sector ...
In the 21st century, digital banking and fintech innovations began reshaping the banking landscape in Hong Kong. Traditional banks expanded their services to include digital platforms, while new digital-only banks emerged. These developments reflected a broader trend in the banking industry's adaptation to technological advancements.
The Hong Kong Monetary Authority ( HKMA) ( Chinese: 香港 金融 管理 局; Jyutping: Hoeng1 gong2 gam1 jung4 gun2 lei5 guk2) is Hong Kong's central banking institution. It is a government authority founded on 1 April 1993 when the Office of the Exchange Fund and the Office of the Commissioner of Banking merged. The organisation reports ...