HKMA Grants Banking Licence to Minsheng Bank (SHA:600016, HKG:1988)


The Hong Kong Monetary Authority has announced that the Monetary Authority has granted a banking licence to China Minsheng Banking Corp., Ltd. (SHA:600016, HKG:1988) (CMBC) under the Banking Ordinance. The granting of this banking licence took effect on 5 January 2012.

CMBC is incorporated in Mainland China. According to the July 2011 issue of The Banker, CMBC is the 9th largest bank in Mainland China in terms of Tier 1 capital.

After the granting of a banking licence to CMBC, the number of licensed banks in Hong Kong has increased to 153.


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