Full legislation
s.106
Registration of certain banking corporations as trust companies
Notwithstanding the foregoing, any company lawfully carrying on banking
business in Hong Kong and having a capital (in stock or shares) for the time
being issued of not less than $4,000,000 (of which not less than $1,600,000
shall have been paid up in cash) may with the consent of the Chief Executive be
registered as a trust
company:
Provided that the Chief
Executive shall not give such consent unless he is satisfied that the extent and
nature of the company’s business
in
Hong Kong is sufficient to justify such special registration.
(Amended
9 of 1993 s. 7
)