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As Hong Kong’s largest and longest established independent law firm, our banking regulation lawyers have a unique insight into the workings of the Hong Kong Banking Ordinance and key codes and guidelines governing regulation of financial institutions in Hong Kong.
Hong Kong is one of the world’s premier financial hubs – around 70 of the world’s largest 100 banks have operations here, along with many smaller banks and other financial services organisations.
The job of licensing and overseeing banks and deposit taking companies falls to the Hong Kong Monetary Authority (HKMA). Responsible for ensuring the banking system’s stability and integrity, as well as developing Hong Kong’s financial infrastructure, the HKMA applies the rules on authorisation set out in the Hong Kong Banking Ordinance, supervises financial institutions and grants or revokes licences.
As Hong Kong’s leading independent law firm, we have an unparalleled knowledge of the local business and regulatory environments that is valued by clients, such as those quoted in the Legal 500 Asia Pacific who “commend the firm’s ‘banking regulatory expertise’”.
If you would like to know more about how we could help your organisation with any issues connected with working with the HKMA and other regulators, we would be delighted to hear from you.
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