HKMA licenses Bakai Bank, city’s first from Central Asia
One daysingle sourceOne outlet reported this, once - no second voice in this corpus.
All 1 reports on Mon, 5 October 2026
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Mon, 5 October 2026
1 report- South China Morning Post09:42first to report
Hong Kong Monetary Authority (HKMA) has granted a banking licence to Bakai Bank, marking the first Central Asian bank to set up in Hong Kong amid closer ties in the economy and trade flows between China and the region, according to a statement on Monday. Bakai Bank, one of the largest lenders in Kyrgyzstan, will operate as a restricted licence bank in Hong Kong. It will be the 17th restricted licence bank in Hong Kong. Under the licence, it can take deposits of at least HK$500,000 (US$63,776)...