The Hong Kong Monetary Authority announced today (27 February 2015) that the Monetary Authority has upgraded HBZ Finance Limited’s (HBZF) registration as a deposit-taking company to a restricted banking licence under the Banking Ordinance. The upgrade takes effect today (27 February 2015).
HBZF is incorporated in Hong Kong and has been conducting the business of deposit-taking in Hong Kong since 1979.
After the upgrade of HBZF, the number of restricted licence banks in Hong Kong is 22 while the number of deposit-taking companies in Hong Kong is 22 as well.
Hong Kong Monetary Authority
27 February 2015