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HKMA grants banking license to Standard Bank

The Hong Kong Monetary Authority (HKMA) has announced that it has granted a banking license to Standard Bank Plc (SBP) under the Banking Ordinance. The granting of this banking license took effect on 24 March 2011. SBP is incorporated in the United Kingdom. After the granting of a banking license to SBP, the number of licensed banks in Hong Kong…

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