Overview
Hong Kong has one of the highest concentrations of banking institutions in the world.
Approximately 70 of the largest 100 banks in the world have an operation in Hong Kong.
There were 199 authorised institutions and 64 representative offices in Hong Kong as of end-December 2015.
The stature of Hong Kong as a key financial centre is built on its high standard of market transparency, disclosure and prudently supervised financial institutions.
Hong Kong ranked third in the Global Financial Centres Index (GFCI) released by the Z/Yen Group in September 2015.
Hong Kong has arisen as a premier offshore Renminbi (RMB) centre, thanks especially to the scheme for trade settlements in RMB and related financing activities.
- See more at: http://hong-kong-economy-research.hktdc.com/business-news/article/Hong-Kong-Industry-Profiles/Banking-Industry-in-Hong-Kong/hkip/en/1/1X000000/1X003ULX.htm#sthash.XC5nnBhJ.dpuf