They are collectively known as authorized institutions supervised by the Hong Kong Monetary Authority HKMA. 1295 is a bank based in Kuala Lumpur Malaysia offering financial services in Malaysia as well as the Asia-Pacific region.
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Hong Kong maintains a three-tier system of deposit-taking institutions ie.
. Public Bank Berhad MYX. Public Bank is currently one of the largest banks in Southeast Asia. As one of the top five financial centres worldwide Hong Kong has one of the highest concentrations of banking.
Licensed banks restricted licence banks and deposit-taking companies. The bank was founded in 1966 by Teh Hong Piow the then general manager of Malayan BankingThe bank was listed on the Malaysian Stock Exchange in 1967.
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