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  3. Name any 3 conditions that a company, a person or group of persons need to meet

Name any 3 conditions that a company, a person or group of persons need to meet

游客2025-06-21  1
问题 Name any 3 conditions that a company, a person or group of persons need to meet in order to get a bank license in HK.
选项
答案     a. Minimum paid-up share capital of not less than a legally specified amount (HK ＄150 million for Licensed Banks, HK ＄100 million for Restricted Licence Banks and HK ＄25 million for Deposit-taking Companies).
    b. For overseas applicant, the incorporation must be in countries where the supervisory authorities have the capabilities to meet the minimum supervision standards as recommended by the Basle Committee.
    c. For local applicant, it has been an authorized institution for at least 10 years.
    d. There is also an asset requirement for Licensed Banks( US ＄16 billion for overseas and HK ＄4 billion for local applicants as at end 1997), which is revised annually.
    e. For local applicant, there is an additional minimum requirement for public deposit of HK＄3 million as at end 1997.
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