10 Leading Hong Kong banks and more than 200 others

Hello, today we would like to present useful information that many entrepreneurs or brand owners may not know yet, or for those who are seeking information about banking in Hong Kong. Learning basic information about various banks before investing is something that should not be overlooked. Currently, the business market in Hong Kong remains stable and offers many opportunities. This is another compelling reason why investing there is particularly interesting.

10 Leading Hong Kong banks

1. Bank of China (Hong Kong)
(中國銀行)

It is a subsidiary of the Bank of China. Bank of China (Hong Kong) is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits, with over 190 branches throughout Hong Kong as of the end of 2019. It is also one of the three commercial banks authorized by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar.

2. Bank of Communications (Hong Kong)
(交通銀行)

This is a licensed bank in Hong Kong that began operations in 1934 and was established in 2018. It is registered in Hong Kong and is the first commercial bank from China to be registered outside of mainland China.

3. Bank of East Asia
(東亞銀行)

A Hong Kong bank and financial services provider. It is currently the largest independent local bank in Hong Kong. The bank aims to serve the local Hong Kong people and businesses that are currently not served by large British banks and small Hong Kong moneylenders who are not organized and often not registered as legal entities.

4. China CITIC Bank International
(中信銀行國際)

It is a full-service commercial bank in Hong Kong. It is the major shareholder of CNCBI, holding 75% of shares through its affiliate CITIC International Financial Holdings Limited. CITIC Group Corporation of Beijing is the parent company of CNCBI.

5. China Construction Bank (Asia)
(中國建設銀行)

This is a licensed bank established in Hong Kong. The bank has a history of over 100 years in Hong Kong, with its predecessor being the Bank of Canton, which was a Chinese-founded bank established in February 1912.

6. Chiyu Banking Corporation
(集友銀行)

This is a bank established in Hong Kong with 23 branches in Hong Kong, focusing on serving the Fujian community in Hong Kong. The creation of the bank had a significant purpose: to build a sustainable business with profits dedicated to education in Xiamen and other parts of Fujian province in China. Since its establishment, the company has spent more than 1 billion Hong Kong dollars on education in the province, with most of the funds going to Jimei University and other related schools.

7. Chong Hing Bank
(創興銀行)

This bank was established in Hong Kong in 1948 and listed on the Hong Kong Stock Exchange in 1994. It currently provides comprehensive commercial banking and financial services to both individual and corporate customers. These services include Hong Kong dollar and foreign currency deposits, credit, foreign exchange transactions, wealth management, investments, securities, and insurance.

8. Citibank (Hong Kong)
(花旗銀行(香港)

It is a subsidiary of Citigroup operating in Hong Kong Island, Kowloon, and the New Territories. It has a total of 15 branches for retail banking operations.

9. Dah Sing Bank
(大新銀行)

A banking and financial company in Hong Kong. The company has been listed on the Hong Kong Stock Exchange since 2004, with three main subsidiary banks: Dah Sing Bank, Banco Comercial de Macau, and Dah Sing Bank (China) Limited. It provides related services through a network of approximately 70 branches across Hong Kong, Macau, and mainland China, as well as securities trading companies.

10. DBS Bank (Hong Kong)
(星展銀行）

A major financial institution in Hong Kong, which is part of the DBS Group headquartered in Singapore.

List of Hong Kong banks in Thailand?

What are the banks in Hong Kong ?
List of all banks in Hong Kong, over 200 in total

Hong Kong is one of the top five financial centers in the world, with one of the most stable banking systems globally. As of 2019, 70 out of the 100 largest banks in the world operate in Hong Kong. These are divided into:

1. Licensed Banks (159 institutions)
2. Restricted License Banks (15 institutions)
3. Local Representative Offices of foreign banks (52 offices)

1. Licensed Banks

Banks that can operate current and savings deposit accounts, accept deposits of any amount for both short and long terms, and provide services covering all groups, including retail customers, businesses, and organizations.

There are over 150 licensed banks in Hong Kong.

Licensed Banks Established in Hong Kong

Licensed Banks Established Outside Hong Kong

Virtual Banks are newly registered digital banks in Hong Kong. They are new financial institutions that provide fully digital banking services without physical branches.

2. Restricted license banks

Financial institutions authorized to conduct certain types of banking business. They cannot accept deposits below 500,000 Hong Kong dollars, cannot open current or savings accounts for general retail customers, and do not have large branch networks.

There are over 15 restricted license banks in Hong Kong

Restricted License Banks Established in Hong Kong

Restricted License Banks Established Outside Hong Kong

3. Local representative offices

These are offices of foreign banks located in Hong Kong. However, they are not authorized to conduct any banking business. Their role is primarily limited to liaising between the bank and its customers in Hong Kong.

There are over 50 local representative offices in Hong Kong.

Source : List of banks in Hong KongSetting up a business in Hong Kong requires company registration and opening a bank account in Hong Kong. If you are interested, contact us, Intelligence Business (Thailand) Co., Ltd. We have a team of experts ready to provide consultation and assistance at every step in the process of opening an account and registering a company in Hong Kong.

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