Hong Kong

Hong Kong is a fully-fledged international financial centre. Hong Kong has one of the largest representation of international banks in the world: 71 of the world's 100 largest banks have a presence there. Hong Kong is the world's 9th largest international banking centre in terms of the volume of external transactions, and the second largest in Asia after Japan. In mid-2006, there were 133 licensed banks, 33 restricted licence banks and 33 deposit-taking companies in business. These 199 authorised institutions operate a comprehensive network of 1,600 local branches. In addition, there are 89 local representative offices of overseas banks in Hong Kong. The banking system in Hong Kong is characterized by its 3-tier system, which is formed by 3 types of banking institutions, namely licensed banks, restricted licensed banks and deposit-taking companies, which are authorised to take deposits from the general public. The 3rd tier of deposit-taking institutions operate under different restrictions. Only licensed banks and restricted licensed banks can be called banks.

HKMA - Honk Kong Monetary Authority - Central Bank of Hong Kong. Founded 1993 by merging two government agencies: the Office of the Exchange Fund, which manages the Currency Board of the Hong Kong dollar, and the Office of the Commissioner of Banking, which is responsible for banking supervision.
Bank of China Hong Kong branch of one of the largest Chinese banks.
Bank of East Asia - Serving the people of Hong Kong since its establishment in 1918, The Bank of East Asia is the territory's largest independent Chinese bank.
China Construction Bank Hong Kong - CCB is one of the largest commercial banks in China. Our growth in China was phenomenal over the past 5 years and we are now holding the 2nd largest market share of the RMB deposit market in China.
Hang Seng Bank - One of the largest commercial banks in Hong Kong. Founded in 1933. Member of the HSBC group (London).
Hongkong Bank Holdings - Home of one of the biggest banks in the world.
HSBC - Hong Kong Shanghai Banking Corporation Ltd. - One of the largest commercial banks in Hong Kong. One of the three banks with the right to issue Hong Kong dollar notes. Management bank of the clearing house of the Hong Kong Association of Banks. Member of the HSBC group (London).
International Bank of Asia - An innovative, all-services retail bank in Hong Kong.
Kwong On Bank - Characterized with its personalised banking services, Kwong On will sustain striving its on-going trust and commitment relationship with its customers.

Hong Kong Facts:

Area: 1,092 sq km / Population: 6,940,432 / Median age: 40.7 / Life expectancy: 81.59 / Languages: chinese, english / Government type: limited democracy / Independence: --- / GDP purchasing power: 253.1 billion / GDP growth rate 5.9 % / Labor force: 3.63 million / Unemployment rate: 4.9% / Inflation rate: 2.2 %

Hong Kong Currency:.....Dollar (HKD)

Hong Kong Stocks: ...Stock Exchange of Hongkong......
Hong Kong Stocks: ...Hong Kong Futures Exchange......

Hong Kong:....... Country Risk Rating........ A1
...........................^{( Data : Coface USA )}
Asia: ...PARTNER

Hong Kong:...NEWS