Standard Chartered Hong Kong (officially Standard Chartered Bank (Hong Kong) Limited, ) is a licensed bank incorporated in

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

and a subsidiary of

Standard Chartered Standard Chartered PLC is a British multinational bank with operations in wealth management, corporate and investment banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in th ...

. It is also one of the three commercial banks licensed by the

Hong Kong Monetary Authority The Hong Kong Monetary Authority (HKMA) is the central bank, central banking institution of Hong Kong. It is a government authority founded on 1 April 1993 when the Office of the Exchange Fund and the Office of the Commissioner of Banking merge ...

to issue banknotes for the

Hong Kong dollar The Hong Kong dollar (, sign: HK$; code: HKD) is the official currency of Hong Kong. It is divided into 100 cents. Historically, it was also divided into 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong an ...

History

The history of Standard Chartered in Hong Kong dates back to 1859, when The Chartered Bank of India, Australia and China opened a branch in Hong Kong. The Bank started issuing

banknotes of the Hong Kong dollar The issue of banknotes of the Hong Kong dollar is governed in the Special administrative region, Special Administrative Region of Hong Kong by the Hong Kong Monetary Authority (HKMA), the governmental currency board and central bank of Hong Kong ...

in 1862, and still does so today. In 2000, Standard Chartered acquired Hong Kong–based retail banking business of the Chase Manhattan Bank, including Chase Manhattan Card Company Limited. In 2010, Standard Chartered acquired the Hong Kong consumer operations of GE Capital. An office tower, the Standard Chartered Bank Building, in Des Voeux Road, Central, Hong Kong is named after the bank. The building is now owned by Hang Lung Group, although the latter's SC main operation office is now located in Millennium City 1,

Kwun Tong Kwun Tong is an area in the Kwun Tong District of Hong Kong, situated at the eastern part of the Kowloon Peninsula, and its boundary stretches from Lion Rock in the north to Lei Yue Mun in the south, and from the winding paths of Kowloon P ...

. The Chairperson of the Board is Katherine Tsang, younger sister of former

Chief Executive of Hong Kong The chief executive of the Hong Kong Special Administrative Region is the representative of the Hong Kong Special Administrative Region and head of the Government of Hong Kong. The position was created to replace the office of Governor of ...

Donald Tsang Sir Donald Tsang Yam-kuen (; born 7 October 1944) is a former Hong Kong civil servant who served as the second Chief Executive of Hong Kong from 2005 to 2012. Tsang joined the colonial civil service as an Executive Officer in 1967, occupyi ...

, and formerly chairwoman for Greater China operations. She took up the top job on 1 January 2011, succeeding Chow Chung-Kong, who held the post from 2004.Tsang sister moves up the ladder
, The Standard, January 11, 2011

Local incorporation

Standard Chartered Exchange Square Branch

On 1 July 2004, Standard Chartered completed the local incorporation of its Hong Kong businesses, namely the Hong Kong branch of Standard Chartered Bank, Manhattan Card Company Ltd, Standard Chartered Finance Ltd, Standard Chartered International Trade Products Ltd and Chartered Capital Corporation Ltd. The bank operates as a licensed bank in Hong Kong under the name of Standard Chartered Bank (Hong Kong) Ltd.

Banknotes

Standard Chartered Bank (Hong Kong) Limited is one of the three commercial banks licensed by the

to issue banknotes in Hong Kong, the other two being the Bank of China (Hong Kong) and The Hongkong and Shanghai Banking Corporation. The Bank has been issuing banknotes since the 1860s (as The Chartered Bank of India, Australia and China). Leading to the incorporation of the bank on 1 July 2004, the

Legislative Council of Hong Kong The Legislative Council of the Hong Kong Special Administrative Region, colloquially known as LegCo, is the Unicameralism, unicameral legislature of Hong Kong. It sits under People's Republic of China, China's "one country, two systems" c ...

amended Legal Tender Notes Issue Ordinance. The amendment replaced Standard Chartered Bank with its newly incorporated subsidiary – Standard Chartered Bank (Hong Kong) Ltd - as one of the note-issuing banks in Hong Kong.

Leadership

* ''Regional Chief Executive:'' Benjamin Hung (since October 2015) * ''Hong Kong Chief Executive:'' Mary Huen (since March 2017)

List of Former Regional Chief Executives

''Since the local incorporation of Standard Chartered Bank (Hong Kong) Limited on 1 July 2004.'' #Kaikhushru Shiavax Nargolwala (2004–2007) # Jaspal Singh Bindra (2007–2015)

List of Former Hong Kong Chief Executives

''Since the local incorporation of Standard Chartered Bank (Hong Kong) Limited on 1 July 2004.'' # Peter David Sullivan (2004–2007) # Benjamin Hung Pi-cheng (2008–2014) # May Tan Siew-boi (2014–2017)

References

External links

Standard Chartered Hong Kong HomepageManhattan CardA Hong Kong bank note issued by the Chartered Bank in 1962–1975, frontback
{{HK_currency_and_coinage Standard Chartered Banks of Hong Kong Banks established in 2004 Banknote issuers of Hong Kong Currencies of Hong Kong