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The history of Standard Chartered in Hong Kong dates back to 1859, when The Chartered Bank of India, Australia and China opened a branch in Hong Kong. The Bank started issuing banknotes of the Hong Kong dollar in 1862, and still does so today. In 2000, Standard Chartered acquired Hong Kong–based retail banking business of the Chase Manhattan ...
The commission banned the bank from underwriting IPOs in Hong Kong for nine months. [18] In 1997, Standard Chartered sold Mocatta Bullion and Base Metals, its metals division, to Toronto-based Scotiabank for US$26 million. [19] Standard Chartered's Asian investment banking operations never recovered. [20] In 2000, the bank closed them down. [21]
Banknotes of the Hong Kong Dollar, the official currency of the HKSAR, is issued by Hong Kong Monetary Authority, Bank of China (Hong Kong), HSBC and Standard Chartered (Hong Kong). [citation needed] Part of commercial banks in Hong Kong are listed below. Bank of China (Hong Kong) Limited; Bank of East Asia Limited
Participants in the FPS share a common standard for the QR code which allows paying to merchants using a variety of payment methods like bank cards, stored value facilities or direct debit from bank accounts. [11] HKMA has released a tool for merchants to convert QR codes from different payment providers into a single standard QR code. [12]
Electronic Payment Services (simplified Chinese: 易办事; traditional Chinese: 易辦事; pinyin: Yì bànshì), commonly known as EPS, is an electronic payment system based in Hong Kong, Macau, and with limited acceptance in Shenzhen since it began operations in 1985.
HSBC is one of the three commercial banks which are authorised to issue banknotes for Hong Kong - the other two being the Bank of China (Hong Kong) and Standard Chartered Bank (Hong Kong). [5] Of the total notes in circulation measured by value, HSBC is the most prolific issuer, its notes representing 67.7% of those in issue.
The Clearing House Automated Transfer System, or CHATS, is a real-time gross settlement (RTGS) system for the transfer of funds in Hong Kong.It is operated by Hong Kong Interbank Clearing Limited (HKICL), a limited-liability private company jointly owned by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks.
The Hong Kong one hundred dollar note was first issued from 1858 from the Mercantile Bank, 1866 by the Oriental Bank Corporation, the Standard Chartered Bank (Hong Kong) from the 1860s but a confirmed date for this bank is 1879, followed by The Hongkong and Shanghai Banking Corporation in 1877.