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Q: Private Bank in Hong Kong SAR ( No Answer,   0 Comments )
Question  
Subject: Private Bank in Hong Kong SAR
Category: Business and Money > Finance
Asked by: lase-ga
List Price: $10.00
Posted: 09 Jul 2003 19:53 PDT
Expires: 08 Aug 2003 19:53 PDT
Question ID: 227250
Who are the top 10 private banks in Hong Kong, rank by the amount of
clients' money under management.

Request for Question Clarification by fons-ga on 09 Jul 2003 20:14 PDT
Hi Lase-ga,

How would you define 'private' banks? Would that exclude publicly
listed banks, state-owned banks and all their subsidiaries?

Regards,

Fons

Clarification of Question by lase-ga on 09 Jul 2003 20:51 PDT
There is a 3-tier system of deposit-taking institutions in Hong Kong,
namely, licensed banks, restricted licence banks, deposit-taking
companies.  They are collectively known as authorised institutions.

I define private banks as those authorised institutions that offer
private, non-retail banking services to high net-worth individuals. 
For example, HSBC Republic is the private banking arm of publicly
listed HSBC.  It is prefectly OK to be a publicly listed banks, or
foreign state-owned banks in Hong Kong, and their related
subsidiaries.
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