Granting of banking licence to Industrial Bank Co., Ltd.

Press Releases

10 Jan 2014

Granting of banking licence to Industrial Bank Co., Ltd.

The Hong Kong Monetary Authority announced today (10 January 2014) that the Monetary Authority has granted a banking licence to Industrial Bank Co., Ltd. (CIB) under the Banking Ordinance.  The granting of this banking licence takes effect today (10 January 2014). 

CIB is incorporated in the People’s Republic of China (PRC).  According to the July 2013 issue of The Banker, it is the 10th largest bank in the PRC and the 55th largest bank in the world in terms of Tier 1 capital.

After the granting of a banking licence to CIB, the number of licensed banks in Hong Kong is 157.

 

Hong Kong Monetary Authority
10 January 2014

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Last revision date : 10 January 2014