Granting of banking licence to United Commercial Bank

Press Releases

10 Jul 2003

Granting of banking licence to United Commercial Bank

The Hong Kong Monetary Authority announced today (Thursday) that the Monetary Authority has granted a banking licence to United Commercial Bank (UCB) under the Banking Ordinance. This grant of banking licence took effect on 9 July 2003.

UCB is a bank incorporated in California, the United States of America and has maintained a local representative office since 2001.

With the grant of a banking licence to UCB, the number of licensed banks in Hong Kong has increased to 137.

For further enquiries, please contact:

Jasmin Fung, Manager (Press), at 2878 8246 or
Sylvia Yip, Manager (Press), at 2878 1687

Hong Kong Monetary Authority
10 July 2003

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Last revision date : 10 July 2003