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The service was part of the celebration of the 83rd anniversary of Hong Kong Ferry's historic vehicular ferry service, which ceased operation in 1998. [3] [4] [5] During 2023, the Hong Kong Tourism Association launched a trial program which increased Harbour Cruise Bauhinia's services to accommodate a sudden surge of tourists from mainland ...
Tai Sang Bank Limited is a licensed privately owned bank based in Hong Kong. [2] The bank was established by Ma Kam-chan, a businessman from Kwangtung (now Guangdong), in 1937 after his family migrated to Hong Kong. Ma went on to serve as the chairman of the bank until he died in 1984. The bank is currently chaired by Patrick Ma Ching Hang. [3]
Hong Kong has a multi-party system, with numerous parties in which no one party was allowed to gain power by controlling the Legislative Council. The Chief Executive is appointed by the Premier of the People's Republic of China based on an indirectly elected Election Committee and is de facto pro-Beijing but de jure is said to be nonpartisan as ...
As one of the top five financial centres worldwide, Hong Kong has one of the highest concentrations of banking institutions in the world, with 70 of the largest 100 banks in the world having an operation in Hong Kong. As of 2019, there were 164 licensed banks, 17 restricted licence banks and 13 deposit-taking companies in business, constituting ...
In 2017, the Hong Kong Monetary Authority (HKMA) began to explore the need to accelerate the development of FinTech firms in Hong Kong, particularly virtual banks.By 2018, the HKMA had begun the application process for a virtual banking license in Hong Kong, with the first deadline being 31 August 2018. [1]
Faster Payment System (FPS; Chinese: 快速支付系統, more commonly known as 轉數快) is a real-time gross settlement [1] payment system in Hong Kong that connects traditional banks and electronic payment and digital wallet operators. [2]
The Banking Ordinance is a set of laws passed by the Legislative Council of Hong Kong to tighten restrictions for opening up or licensing a bank. Prior to the 1964 re-regulations, the government had no way to control bank's monetary effect on the economy. It also had no way of protecting the people utilizing the institutions.
The Hongkong Canton & Macao Steamboat Company was founded on 20 October 1865 in Hong Kong by a collection of people tied to the shipping industry in order to support the market for regional ferry transport in the Canton area. [3]