Upgrading of HBZ Finance Limited to a restricted licence bank
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The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority announced today (February 27) 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.
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.
Ends/Friday, February 27, 2015
Issued at HKT 16:32
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