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HKMA grants banking license to Taiwan Shin Kong Commercial Bank

The Hong Kong Monetary Authority (HKMA) has granted a banking license to Taiwan Shin Kong Commercial Bank (SKCB) under the Banking Ordinance, according to a statement issued by the authority.  The licence is effective from 10 December 2010. SKCB is a wholly-owned subsidiary of Shin Kong Financial Holding and the 18th largest bank in Taiwan in terms of tier-1 capital….

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