Overview of Hong Kong banks

This is a guide to the top 10 banks in Hong Kong. The Hong Kong banking system is a three levels composed of licensed banks, restricted license banks and deposit banks.


Comptes Bancaires à Hong Kong


Authorized banks

Authorized banks in Hong Kong offer checking and savings accounts. They perform regular functions such as accepting deposits or collecting checks from customers. These banks have no restrictions on the value of the deposits they can accept.


Banks with restricted license

Restricted banks in Hong Kong are primarily engaged in capital markets and merchant banking activities. They can accept deposits with a maturity of at least 500,000 $ HK.


Deposit banks

Deposit companies are mostly owned or associated with banks in Hong Kong. These banks can accept deposits of at least 100,000 $ HK, with an original maturity of at least three months. They provide specialized services, including securities transactions and consumer credit.


Top 10 Bank Accounts in Hong Kong

Moody's has a negative view of the Hong Kong banking system. For anyone considering a career in banking in Hong Kong, this list is a helpful guide on where to start. To find out more, see our entire list of financial institutions.


We open bank accounts in Hong Kong at the following banks:

Hong Kong and Shanghai Banking Corporation (HSBC)

Founded in 1865, HSBC Bank is located in central Hong Kong. It provides a wide range of personal, commercial and corporate banking financial services in 67 countries around the world. The bank employs around 235,175 people.

HSBC is Hong Kong's largest bank. The bank serves 38 million customers across four global businesses: commercial banking, retail banking and wealth management, global private banking, and global banking and markets.

In 2016, the bank's total income was US $ 59,836 million and total assets were US $ 2,375 billion.


Bank of China (Hong Kong)

The Bank of China (Hong Kong) is the second largest bank in Hong Kong. The bank was established in 1917 and restructured in 2001. It provides banking and related financial services to individuals and businesses. It operates in three segments: retail banking, corporate banking and treasury.

Based in the Central and Western District, the bank employs around 10,000 people. In 2016, the bank recorded total income of US $ 5,337 million and total assets of US $ 297 billion.


Hang Seng Bank

Hang Seng Bank was founded in 1933. The bank provides retail banking, wealth management, commercial banking, treasury and private banking services. The bank operates a network of around 220 branches. Hang Seng is a member of the HSBC group and is one of the largest listed companies in Hong Kong. The HSBC Group is one of the world's largest banking and financial services organizations.

Based in the central district, the bank employs around 10,000 people. In 2016, the bank's total income reached US $ 5.6 billion, and total assets amounted to US $ 176.0 billion.


Standard Chartered Bank (Hong Kong)

Standard Chartered Hong Kong, a subsidiary of Standard Chartered, is an authorized bank incorporated in Hong Kong.

The bank began operations in Hong Kong in 1859. It is one of the few banks that issue banknotes. It was incorporated in 2004 and now operates as one of the licensed banks in Hong Kong.

Standard Chartered employs approximately 6,000 people. In 2016, the bank's total income was US $ 454 million, and the total assets were US $ 122.57 billion.


Bank of East Asia

Incorporated in 1918, the Bank of East Asia is the third largest bank in Hong Kong. Based in the central district, the bank provides its clients with comprehensive corporate banking, retail banking, wealth management and investment services. It employs around 10,000 people in 2016. Last year, the bank recorded total income of US $ 1.8 billion and reported total assets of US $ 98.7 billion.


Industrial and Commercial Bank of China (ICBC)

The bank provides commercial banking and investment banking services. It also offers other financial services, including securities, insurance and funds, with a focus on commercial and retail banking, as well as activities related to financial markets. It operates 58 retail outlets and three shopping centers and currently employs 461,749 people. In 2016, the bank's total income reached US $ 70.7 billion, and the total assets were US $ 3.617 billion.


DBS Bank, Hong Kong

The bank is a subsidiary of DBS Bank and is the seventh largest bank in Hong Kong. Based in the Central District, it started operations in Hong Kong in 1999. DBS Hong Kong provides banking solutions to consumers, SMEs and businesses. In 2016, the bank's total assets were $ 44.59 billion, and the total income was $ 138 million.