Hong Kong's well-earned reputation as a prominent hub for banking and finance is supported by its thriving economy, favorable regulatory environment, and strategic location, which have attracted some of the world's largest and most influential banks.
This article delves into the largest banks in Hong Kong, offering valuable insights into their operations, services, and contributions to the region's financial sector. Hong Kong's largest banks play a crucial role in supporting businesses, investments, and trade, facilitating economic growth and development on both regional and international scales.
Largest banks in Hong Kong list
As one of the top international financial centers, Hong Kong has one of the highest concentrations of banking institutions in the world, with over 70 of the largest 100 banks in the world having a presence and over 29 multinational banks having their regional headquarters in Hong Kong.
Hong Kong maintains a three-tier system of deposit-taking institutions comprising:
Licensed banks
- Bank of China (Hong Kong) Limited;
- Hongkong and Shanghai Banking Corporation Limited (HSBC); and,
- Citibank (Hong Kong) Limited.
Restricted license banks
- J. P. Morgan Securities (Asia Pacific) Limited;
- Goldman Sachs Asia Bank Limited;
- Deposit-taking companies;
- BPI International Finance Limited; and,
- Chong Hing Finance Limited.
They are classified according to the amount and term of deposits accepted and the nature of the business and are collectively known as authorized institutions. At the end of 2022, Hong Kong had 155 licensed banks, 15 restricted licensed banks, and 12 deposit-taking companies.
List of bank institutions in Hong Kong
List of bank institutions in Hong Kong
Restricted License Banks
Incorporated in Hong Kong
Allied Banking Corporation (Hong Kong) Limited
Bank of America Securities Asia Limited
Bank of China International Limited
Bank of Shanghai (Hong Kong) Limited
Citicorp International Limited
Goldman Sachs Asia Bank Limited
Habib Bank Zurich (Hong Kong) Limited
JP. Morgan Securities (Asia Pacific) Limited
KDB Asia Limited
Orix Asia Limited
Incorporated outside Hong Kong
Euroclear Bank
Kasikornbank Public Company Limited
Korea Development Bank
Bank Mandiri (Persero) TBK
Siam Commercial Bank Public Company Limited
Licensed Banks
Incorporated in Hong Kong
Airstar Bank Limited
Ant Bank (Hong Kong) Limited
Bank of China (Hong Kong) Limited
Bank of Communications (Hong Kong) Limited
Bank of East Asia, Limited (the)
China Citic Bank International Limited
China Construction Bank (Asia) Corporation Limited
Chiyu Banking Corporation Limited
Chong Hing Bank Limited
Citibank (Hong Kong) Limited
CMB Wing Lung Bank Limited
Dah Sing Bank, Limited
Dbs Bank (Hong Kong) Limited
Fubon Bank (Hong Kong) Limited
Fusion Bank Limited
Hang Seng Bank, Limited
Hongkong and Shanghai Banking Corporation Limited (the)
Industrial and Commercial Bank of China (Asia) Limited
Livi Bank Limited
Morgan Stanley Bank Asia Limited
Mox Bank Limited
Nanyang Commercial Bank, Limited
OCBC Bank (Hong Kong) Limited
Ping an OneConnect Bank (Hong Kong) Limited
Public Bank (Hong Kong) Limited
Shanghai Commercial Bank Limited
Standard Chartered Bank (Hong Kong) Limited
Tai Sang Bank Limited
Tai Yau Bank, Limited
Welab Bank Limited
ZA Bank Limited
Incorporated outside Hong Kong
Agricultural Bank of China Limited
Australia and New Zealand Banking Group Limited
Banco Bilbao Vizcaya Argentaria S.A.
Banco Santander, S.A.
Bangkok Bank Public Company Limited
Bank J. Safra Sarasin AG
Also Known as:
Banque J. Safra Sarasin SA
Banca J. Safra Sarasin SA
Bank J. Safra Sarasin Ltd
Bank Julius Baer & Co. Ltd.
Bank of America, National Association
Bank of China Limited
Bank of Communications Co., Ltd.
Bank of Dongguan Co., Ltd.
Bank of India
Bank of Montreal
Bank of New York Mellon (the)
Bank of Nova Scotia (the)
Bank of Singapore Limited
Bank of Taiwan
Bank Sinopac
Banque Pictet & Cie SA
Barclays Bank PLC
BDO Unibank, INC.
Also Known as:
BDO
BDO Unibank
BDO De Oro
Banco De Oro Unibank
BDO Banco De Oro
BNP Paribas
Ca Indosuez (Switzerland) Sa
Canadian Imperial Bank of Commerce
Cathay Bank
Cathay United Bank Company, Limited
Chang Hwa Commercial Bank, Ltd.
Chiba Bank, Ltd. (the)
China Bohai Bank Co., Ltd.
China Citic Bank Corporation Limited
China Construction Bank Corporation
China Development Bank
China Everbright Bank Co., Ltd.
China Guangfa Bank Co., Ltd.
China Merchants Bank Co., Ltd.
China Minsheng Banking Corp., Ltd.
China Zheshang Bank Co., Ltd.
Chugoku Bank, Ltd (the)
Cimb Bank Berhad
Citibank, N.A.
Commonwealth Bank of Australia
Coöperatieve Rabobank U.A.
Credit Agricole Corporate and Investment Bank
Credit Industriel Et Commercial
Credit Suisse AG
CTBC Bank Co., Ltd.
DBS Bank Ltd.
Deutsche Bank Aktiengesellschaft
DZ Bank AG Deutsche Zentral-genossenschaftsbank, Frankfurt Am Main
E.Sun Commercial Bank, Ltd.
East West Bank
EFG Bank AG
Also Known as:
EFG Bank SA
EFG Bank Ltd
Erste Group Bank AG
Far Eastern International Bank
First Abu Dhabi Bank PJSC
First Commercial Bank, Ltd.
Hachijuni Bank, Ltd. (the)
HDFC Bank Limited
Hong Leong Bank Berhad
HSBC Bank PLC
HSBC Bank USA, National Association
Hua Nan Commercial Bank, Ltd.
Hua Xia Bank Co., Limited
Icici Bank Limited
Indian Overseas Bank
Industrial and Commercial Bank of China Limited
Industrial Bank Co., Ltd.
Industrial Bank of Korea
Ing Bank N.V.
Intesa San Paolo SPA
JPMorgan Chase Bank, National Association
KBC Bank N.v.
KEB Hana Bank
Kookmin Bank
Land Bank of Taiwan Co., Ltd.
LGT Bank AG
Also Known as:
LGT Bank Ltd.
LGT Bank SA
Malayan Banking Berhad
Mashreq Bank - Public Shareholding Company
Also Known as:
Mashreqbank PSC
Mega International Commercial Bank Co., Ltd.
Melli Bank PLC
Mitsubishi UFJ Trust and Banking Corporation
Mizuho Bank, Ltd.
MUFG Bank, Ltd.
National Australia Bank Limited
National Bank of Pakistan
Natixis
Nonghyup Bank
O-bank Co., Ltd.
Oversea-Chinese Banking Corporation Limited
Philippine National Bank
Ping An Bank Co., Ltd.
Bank Negara Indonesia (Persero) Tbk.
Qatar National Bank (Q.P.S.C)
Royal Bank of Canada
Shanghai Commercial & Savings Bank, Ltd. (the)
Shanghai Pudong Development Bank Co., Ltd.
Shiga Bank, Ltd. (the)
Shinhan Bank
Shizuoka Bank, Ltd. (the)
Skandinaviska Enskilda Banken Ab
Societe Generale
Standard Chartered Bank
State Bank of India
State Street Bank and Trust Company
Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Trust Bank, Limited
Taipei Fubon Commercial Bank Co., Ltd.
Taishin International Bank Co., Ltd
Taiwan Business Bank, Ltd.
Taiwan Cooperative Bank, Ltd.
Taiwan Shin Kong Commercial Bank Co., Ltd.
Toronto-Dominion Bank
UBS AG
UCO Bank
Unicredit Bank AG
Union Bancaire Privée, UBP SA
Also Known as:
United Private Bank, UBP Ltd
Union Bank of India
United Overseas Bank Ltd.
Wells Fargo Bank, National Association
Woori Bank
Yuanta Commercial Bank Co., Ltd
Deposit-taking Companies
Incorporated in Hong Kong
Bcom Finance (Hong Kong) Limited
BPI International Finance Limited
Chau's Brothers Finance Company Limited
Chong Hing Finance Limited
Commonwealth Finance Corporation Limited
Corporate Finance (D.t.c.) Limited
Fubon Credit (Hong Kong) Limited
KEB Hana Global Finance Limited
Kexim Asia Limited
Public Finance Limited
Vietnam Finance Company Limited
Woori Global Markets Asia Limited
Virtual banks in Hong Kong
In addition to traditional banks, another emerging option is virtual banks, which have no physical branches and focus on digital services. This concept is still very new to Hong Kong, and as of May 31, 2023, the HKMA only granted eight licenses for virtual banking.
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Virtual Banks Incorporated in Hong Kong |
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Airstar Bank Limited |
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Ant Bank (Hong Kong) Limited |
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Fusion Bank Limited |
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Livi Bank Limited |
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Mox Bank Limited |
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Ping An OneConnect Bank (Hong Kong) Limited |
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WeLab Bank Limited |
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ZA Bank Limited |
