Overview of HKAB's Organisational Structure
The Committee, which is the highest executive body of HKAB, directs and decides the business and policies of the Association. Its composition and powers are laid down in section 8 of the Ordinance, which specifies that there shall be 12 members in all, comprising the 3 continuing members and 9 elected members.
Continuing membership is linked to note-issuing bank status. The 3 continuing members - Standard Chartered Bank (Hong Kong) Limited, Bank of China (Hong Kong) Limited and Hongkong and Shanghai Banking Corporation Limited (The) - are the note-issuing banks and will hold office for so long as they continue to be the note-issuing banks in the HKSAR. Since 1996, the chairmanship of HKAB alternates every year among the three continuing members.
Among the 9 elected members, 4 are elected from indigenous banks and 5 from overseas banks. These 9 members are elected triennially.
Members of the Committee (2023 - 2026):
CMB Wing Lung Bank Limited
Hang Seng Bank, Limited
Nanyang Commercial Bank, Limited
BNP Paribas
Citibank, N.A.
Industrial and Commercial Bank of China Limited
MUFG Bank, Ltd.
The Committee is advised on specific topics by various committees and working groups. HKAB member banks, often Committee members, nominate their senior staff to represent HKAB on various external bodies.
The 24-member Consultative Council comprises the 3 continuing members and 21 members elected annually as representatives of the geographical regions specified in the Schedule 1 of the Ordinance.
The Consultative Council advises the Committee on matters relating to the business of banking and also acts as a body for two-way communication between member banks and the Committee. The Chairman reports on HKAB's activities to the Council at its quarterly meeting, when Council members may comment on and raise issues of common interest.
Members of the Consultative Council (2024 - 2025):
Deutsche Bank AG
Natixis
Societe Generale
Citibank, N.A.
JPMorgan Chase Bank, National Association
China CITIC Bank International Limited
Chong Hing Bank Limited
Hang Seng Bank, Limited
Shanghai Commercial Bank Limited
The Chugoku Bank, Ltd.
Sumitomo Mitsui Banking Corporation
Industrial and Commercial Bank of China Limited
The Ordinance lays down the composition of the Disciplinary Committee, its powers and procedures as well as the penalties that may be imposed on a member which has breached any rules of HKAB. Based on the recommendation by the Disciplinary Committee, the Committee has power to impose penalties, ranging from reprimand to expulsion of membership. However, the need to convene the Disciplinary Committee has never arisen.
For more complex, technical or specific topics, HKAB may set up specialised committees or working groups to conduct studies and make recommendations for endorsement by the Committee. Member banks may view the list of committees / working groups in the "Member Area".