The Hong Kong Monetary Authority has announced that it has granted a banking license to Shanghai Pudong Development Bank (SPDB) under the Banking Ordinance. The granting of this banking licence took effect on 16 May 2011. SPDB is incorporated in Mainland China. After the granting of a banking licence to SPDB, the number of licensed banks in Hong Kong has increased…
Have a confidential tip? Get in touch [email protected]