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HKMA grants banking license to Macquarie

The Hong Kong Monetary Authority (HKMA) has announced that it has granted a banking licence to Macquarie Bank under the Banking Ordinance.  The granting of this banking licence took effect on 24 August 2011. Macquarie Bank is incorporated in Australia.  It is a wholly-owned banking subsidiary of Macquarie Group Limited (MGL).   After the granting of a banking licence to Macquarie,…

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