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The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority announced today (December 28) that the Monetary Authority has granted a banking licence to China Everbright Bank Co., Ltd. (CEB) under the Banking Ordinance. The granting of this banking licence takes effect on December 28, 2012.
CEB is incorporated in the People's Republic of China. According to the July 2012 issue of The Banker, CEB is the 11th largest bank in the Mainland and 83rd largest bank in the world in terms of Tier-1 capital.
After the granting of a banking licence to CEB, the number of licensed banks in Hong Kong has increased to 155.
Ends/Friday, December 28, 2012
Issued at HKT 16:36
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