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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.
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 ...
The Bank of Communications (Hong Kong) Limited ( Traditional Chinese: 交通銀行 (香港)有限公司) is a licensed bank in Hong Kong. It was opened in 1934 and incorporated in 2018. The Bank's Hong Kong Branch was consolidated as part of "Joint Office of Joint Public-Private Banks" in 1952, and later part of the Bank of China Group.
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.
Hong Kong[e]is a special administrative regionof the People's Republic of China. With 7.4 million residents of various nationalities[f]in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated territoriesin the world. Hong Kong was established as a colony of the British Empireafter the Qing dynastyceded ...
The region of Hong Kong has been inhabited since the Old Stone Age, later becoming part of the Chinese Empire with its loose incorporation into the Qin dynasty (221–206 BC). Starting out as a farming fishing village and salt production site, it became an important free port and eventually a major international financial center.
Bank of China (Hong Kong) is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits (2008 data), [ 2] with more than 190 branches across Hong Kong as of the end of 2019. [ 1] It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong ...
www.dbs.com.hk. DBS Bank (Hong Kong) Limited ( Chinese: 星展銀行（香港）有限公司) is a licensed bank incorporated in Hong Kong and is a subsidiary of DBS Bank headquartered in Singapore. As of 2022, it is the eighth-largest bank in Hong Kong by total assets. [ 2] DBS Bank Branch on Des Voeux Road Central, Central, Hong Kong.