Hong Kong Banks have a three tier system of banking. There are three variations of banks in the city of Hong Kong. The three tier Hong Kong Banks include licensed banks, restricted licensed banks, deposit-taking institutions and deposit-taking companies. All these companies are collectively known as Hong Kong Monetary Authority. The licensed Hong Kong Banks are those which operate the savings and the current accounts and are engaged in the deposit and maturity of the public cheques. The restricted licensed banks of Hong Kong participate in the merchant banking and the activities related to the capital market. These banks also take care of the maturity of the amounts that are more than HK$500,000. The deposit taking companies are owned by the Hong Kong Banks. These companies take care of the activities related to customer finance and the securities business. The restricted licensed banks are specialized in dealing with the deposits related to any amount that is more than HK$ 100,000 and has a term maturity of minimum three months.
There are a large number of banks in Hong Kong among which the leading ones are listed below:
- American Express Bank Limited
- Bank Austria AG
- Bangkok Bank Public Co., Limited
- Banca Di Roma
- Bank of America Asia Limited
- Bank Negara Indonesia 1946
- Bank of Communications
- Bank of China
- Bank of India
- Bank of East Asia Limited
- Bank of Tokyo Limited
- Bank of Montreal H.K.
- Banque Nationale De Paris
- Banque Indosuez
- Barclays Bank PLC
- Bank of Nova Scotia
- Canadian Imperial Bank of Commerce
- Belgian Bank
- Chekiang First Bank Limited
- Chase Manhattan Bank N.A.
- China & South Sea Bank Limited
- Chemical Bank
- Chiyu Banking Corporation Limited
- China State Bank Limited
- Citibank Bank N.A.
- Chung Khiaw Banl Limited
- Commonwealth Bank of Australia
- The Commercial Bank of H.K. Limited
- Creditanstalt-Bankverein Vienna Austria
- Credit Suisse
- Dai-Ichi Kangyo Bank Ltd
- Dah Sing Bank Limited
- Dao Heng Bank Limited
- Daiwa Bank Limited
- Equitable Banking Corporation
- Deutsche Bank AG
- Fuji Bank Limited
- First Pacific Bank Limited
- Hong Kong Chinese Bank
- Hang Seng Bank Limited
- Hong Kong Bank (HSBC)
- H.K. Industrial & Commercial Bank Limited
- Indian Overseas Bank
- Hua Chiao Commercial Bank Limited
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- Ka Wah Bank Limited
- International Bank of Asia Limited
- Kincheng Banking Corp
- Jardine Fleming
- Kwangtung Provincial Bank
- Korea Exchange Bank
- Liu Chong Hing Bank Limited
- Kwong On Bank Limited
- Malbank
- Lloyds Bank PLC
- National Australia Bank
- Nanyang Commercial Bank Limited
- National Commercial Bank Limited
- National Bank of Canada
- Overseas Trust Bank Limited
- Oversea-Chinese Banking Corp
- Po Sang Bank Limited
- Overseas Union Bank Limited
- Sanwa Bank Limited
- Royal Bank of Canada
- Sin Hua Bank Limited
- Shanghai Commercial Bank Limited
- Sumitomo Bank Limited
- Standard Chartered Bank Limited
- Tai Yau Bank Limited
- Tai Sang Bank Limited
- Union Bank of Switzerland
- Union Bank of Hong Kong Limited
- UCO Bank
- United Chinese Bank Limited
- Wing Hang Bank Limited
- United Overseas Bank Limited
- Wing On Bank Limited
- Wing Lung Bank Limited
- Yieh Yieh Commercial Bank Limited Telephone
Hong Kong Association of Banks
The Hong Kong Association of Banks has replaced the Exchange Banks' Association, in the year 1981. Some of the major roles played by the Hong Kong Association of Banks are:
Promotion of the interests of the banks that are fully licensed in the city of Hong Kong and to make rules regarding the conduction of the business of banking, after consulting the Financial Secretary.
Formation of a board that will take care of the banking issues and the general business problems, for the Government and for various relevant bodies.
Top act as a focal point for the purpose of consultation on the new legislation, the regulatory matters and law reform.
To act as a communication channel among the members of the association and with the third parties as well.
Organizing and sponsoring conferences on the annual dinners and the topical issues, with the eminent personalities.
Promoting the best practices to the members of the association as well as to provide information services, like the issue of the circulars in case of the lost items related to the payment instruments.
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