Top 3 Licenced Banks in Hong Kong

Hong Kong is one such country in the world that has the highest density of banking organizations. Many Hong Kong based banks today have expanded their operations in other countries of Asia. Almost 70 out of the 100 largest banks of the world are operating in Hong Kong. The foreign banks have nearly 195 official institutions and 57 representative office locations in Hong Kong.

The banking system in Hong Kong is designed by licensed banks, restricted licenced banks and deposit-taking companies. However, the deposit-taking companies operate under different rules.
Hence, licensed banks and restricted licensed banks are only can be termed as banks. Currently, Hong Kong has 156 licensed banks, 22 restricted licenced banks and 17 deposit-taking companies.

Let’s find the top three Licenced banks in Hong Kong

1.China CITIC Bank

China CITIC Bank International Limited, a subsidiary of CITIC International Financial Holdings Limited, is one of the largest banking institutes in China that was established in 1987. Headquartered in Beijing, this bank is currently operating in nearly 130 countries out of which 33 branches are operating in Hong Kong.

This bank offers the services with the best international standards. It provides corporate banking, personal banking, wealth management, treasury and global markets solutions. They are also involved in the capital markets operations and inter-bank operations such as inter-bank money market transactions, repurchase transactions and debt instruments investment and trading etc.

Their head office in Hong Kong is located in 61-65 Des Voeux Road Central. The China CITIC bank HK phone number is +8523603 6633.

You can get all branch details along China CITIC bank phone numbers on their official website www.cncbinternational.com

2.Bank of China

It is one of the leading commercial banking institutions in Hong Kong on the basis of client deposits & assets. Bank of China first started its operations in 1917. In 2001, Bank of China Hong Kong was founded by combining 12 of its subsidiaries & associates. Today, they are having more than 300 branches operating in Hong Kong itself. They are one of the 3 note-issuing banks of Hong Kong.

This bank operates in the segments of personal banking, corporate banking and treasury. They provide banking and related financial services to individual, corporate customers, SMEs and institutional customers. They also provide a full series of high-quality cross-border services to multinationals & cross-border customers.

Their head office is located in Tower 1 Garden Road Hong Kong & their contact number is +852 2826 6888.

3.Bank of Communications

Bank of Communications Co. Ltd. is one of the major financial services providers in China and is also one of the note-issuing banks. The Bank is listed on the Hong Kong Stock Exchange and Shanghai Stock Exchange. They have three wholly-owned subsidiaries that include BoCom International, BoCom Insurance and BoCom Leasing.

The bank has 20 overseas banking units in more than 16 countries. Bank of Communications Co., Ltd. Hong Kong Branch operates as a subsidiary of Bank of Communications Co. Ltd. They operate from Bank of Communications Tower in 20 Pedder Street Central since they started their centralized operations in Hong Kong.

They can be reached at +852 2841 9611
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