Hong Kong Association of Banks (HKAB) (2019 Comp and Legal)

The Hong Kong Association of Banks (“HKAB”) was established in 1981 under the Hong Kong Association of Banks Ordinance to replace the Exchange Banks’ Association. The Ordinance provides a framework for the Government of the Hong Kong Special Administrative Region of the People’s Republic of China (“HKSAR”) to exchange views with the banking sector for the further development of the industry.

All fully licensed banks approved by the Hong Kong Monetary Authority to operate in Hong Kong are required to be a member of HKAB.

Roles of HKAB:

• Promote the interests of member banks and create an environment to support further development of the banking sector.
• Act as a focal point for consultation and liaison among member banks, the HKSAR government, regulators and other stakeholder groups.
• Offer a channel of communication among its members and with third parties.
• Promote the continual competitiveness of Hong Kong as an international financial centre.

More information about HKAB can be found at www.hkab.org.hk.