Banks in Hong Kong

Banks in Hong Kong

Bank HSBC Hongkong www.hsbc.com.hk
Hong Kong Shanghai Bank Cooperation is considered to be the largest retail bank in Hong Kong.
Despite the fact that this Hong Kong bank is legally of English origin and its head office is located in London (it was moved from Hong Kong to London in 1992 as one of the conditions for the takeover by Midland Bank), its name speaks volumes about its roots – The Hong Kong and Shanghai Banking Corporation (HSBC or Bank of Hong Kong and Shanghai). The Hong Kong branch of HSBC is both the founder and subsidiary of the HSBC Group.
The Bank of Hong Kong and Shanghai is also the largest financial institution in the country in terms of assets. Among other things, this Hong Kong bank is known for being located in the most expensive building in the world. The so-called “robot building” was built in 1985 and is a high-tech structure, the size and appearance of which, according to the management of HSBC, should symbolize the power and stability of the bank.
During the crisis of 1965, the bank purchased 62.14% of Hang Seng Bank, after which the Hong Kong Stock Exchange index is named.
The Bank has the right to issue currency traded in Hong Kong (Hong Kong Dollars).
The Bank owns 4 buildings in Hong Kong, including HSBC Building Hongkong
My Chinese wife has an HSBC Hong Kong card, but it’s a debit card.
The PayMe by HSBC mobile app and feature are only available to HK id holders.
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Bank of China Hong Kong www.bochk.com
BOC — Bank of China 中国银行 www.boc.cn
BOC HK The Bank of China (Hong Kong) was formed in October 2001 as a result of the merger of 12 financial institutions owned by the Bank of China (Bank of China).
The Bank has the right to issue currency traded in Hong Kong (Hong Kong Dollars).
It ranks second in Hong Kong in terms of capitalization and the size of attracted deposits.
The bank has 2 buildings in Hong Kong.
The bank’s shares are traded on 3 exchanges:
SEHK: 3988
SSE: 601988
OTC Pink: BACHY
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Citibank Hong Kong www.citibank.com.hk
Citibank Hong Kong is the first foreign financial institution registered in Hong Kong, which came to Hong Kong in 1902.
In Hong Kong, the bank is known for its aggressive policy towards commercial products and its activity in Hong Kong’s international business.
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Standard Chartered Bank www.standardchartered.com.hk
It is a division of the English bank Standard Chartered. The bank was incorporated in Hong Kong in 1859 as a subsidiary in China, India and Australia. In 2000, the bank absorbed the Hong Kong branch of Chaise Manhattan bank.
The Bank has the right to issue currency traded in Hong Kong (Hong Kong Dollars).
The bank has a building in Hong Kong Standard Chartered Bank Building
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Other Hong Kong banks:
ICBC (Asia) – More info HERE
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Dah Sing bank Hong Kong – More info HERE
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BEA Hong Kong – More info HERE
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OCBC Hong Kong – More info HERE
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DBS Digibank HK – More info HERE
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Hang Seng bank Hong Kong – More info HERE
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CMB Wing Lung bank Hong Kong (China Merchants bank) – More info HERE
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Chong Hing Bank Hong Kong – More info HERE
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CITIC Bank International – More info HERE
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China Construction Bank (Asia) Finance – More info HERE
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Bank of Communications (Hong Kong) Limited – More info HERE
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Fubon Bank (Hong Kong) – More info HERE
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K Cash Limited – More info HERE
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PFH Finance Limited – More info HERE
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Shanghai Commercial Bank – More info HERE
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ZA Bank – More info HERE
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Hong Kong Bank Card you can only get it if you have a HK ID.
To get a HK ID, you need to study, work, or have a family (wife) in Hong Kong.

There are various loopholes for opening a Hong Kong bank card (mainly for mainland Chinese).
But at the same time, the bank card will be a debit one, and this imposes strong restrictions on the use of cards in Hong Kong.
You can’t pay online everywhere, and you can’t link your card to different apps.

Alternatively, you can buy a Mastercard card at 7eleven. Read more in the articleHERE

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Alex iurlov – your tour guide in Macau, Hong Kong and China!
+852 68553629 (WhatsApp, Telegram, Wechat)
Wechat id: iurlov
info@hongkong.su

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