![Hong Kong to end deposit-taking companies as part of reform to simplify banking structure](https://img.easybranches.com/uploads/news/2024/08/hong-kong-to-end-deposit-taking-companies-as-part-of-reform-to-simplify-banking-structure.jpg)
The HKMA is cutting the city’s existing three-tier banking system into two as part of its biggest reform in four decades.
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