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HKMA grants banking license to CMBC

The Hong Kong Monetary Authority (HKMA) has granted a banking licence to China Minsheng Banking Corporation (CMBC) under the Banking Ordinance.  The granting of this banking licence took effect on 5 January 2012.   CMBC is incorporated in Mainland China.  After the granting of a banking licence to CMBC, the number of licensed banks in Hong Kong has increased to 153….

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