The Thriving Banking Sector

With 133 licensed banks, of which 109 are foreign-owned, Hong Kong is also home to 68 of the world's top 100 banks. Increasing interest and optimism in Hong Kong's banking sector associated with China's accession to the WTO and the Closer Economic Partnership Arrangement's (CEPA's) "first mover" advantages will only further strengthen Hong Kong's strategic position as a springboard into Mainland China. It is also the first economy outside mainland China that is allowed to conduct renminbi banking services. To make the most of Asia, Hong Kong is the place to bank on.

Hong Kong is home to 68 of the world's top 100 banks.