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EconomyHKMA licenses Bakai Bank, Hong Kong’s first Central Asian bank

The Hong Kong Monetary Authority has granted a banking licence to Kyrgyzstan-based Bakai Bank, making it the first Central Asian bank to establish operations in Hong Kong. It will operate as a restricted licence bank, one of 17 in the city, and may accept deposits of at least HK$500,000.

Hong Kong bankingBakai BankKyrgyzstanbank licence

SSouth China Morning Post★★☆☆☆2026-10-05 09:42Original

HKMA licenses Bakai Bank, Hong Kong’s first Central Asian bank
HKMA licenses Bakai Bank, Hong Kong’s first Central Asian bankEconomy