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FINANCIAL SERVICES | Tony Chua, Hong Kong
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HKMA grants licence to China Minsheng Bank

China’s ninth largest bank is the 153rd licensed bank in Hong Kong.

The Monetary Authority has granted a banking licence to China Minsheng Banking Corporation.

The bank is incorporated on the Mainland.

According to the July issue of The Banker, it is the Mainland's 9th-largest bank in terms of Tier-1 capital.

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