Granting of banking licence to China Minsheng Banking Corp., Ltd.

Press Releases

05 Jan 2012

Granting of banking licence to China Minsheng Banking Corp., Ltd.

The Hong Kong Monetary Authority announced today (Thursday) that the Monetary Authority has granted a banking licence to China Minsheng Banking Corp., Ltd. (CMBC) under the Banking Ordinance.  The granting of this banking licence took effect on 5 January 2012. 

CMBC is incorporated in Mainland China.  According to the July 2011 issue of The Banker, CMBC is the 9th largest bank in Mainland China in terms of Tier 1 capital.

After the granting of a banking licence to CMBC, the number of licensed banks in Hong Kong has increased to 153.

 

Hong Kong Monetary Authority
5 January 2012

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Last revision date : 05 January 2012