Shao Limited was established on September 28, 2022, in Hong Kong, where its headquarters are still located. Since its founding, has opened a branch in the United Kingdom – Shao Global Future Limited. The registered capital in Hong Kong is 7.764 billion HKD, and the registered capital in the United Kingdom is 989 million GBP. The business nature (SIC) includes banking, provision of credit by non-deposit financial institutions and other specialized organizations providing consumer credit, securities trading, and commodity contracts.
Legal Status of Shao Bank
Shao operates within the legal framework. Bank complies with all the necessary regulations and requirements set forth by the relevant governing bodies.
Shao is registered and authorized by the appropriate regulatory authorities. This allows the bank to provide a wide range of financial services to its customers while maintaining transparency and accountability, the annual financial report is public on the bank’s website.
Bank has expanded its operations to the United Kingdom. In compliance with the regulatory framework of the UK, Shao operates within the legal boundaries, ensuring that its services align with the financial regulations and international standards.
The registered capital of Shao Bank in Hong Kong is 7.764 billion HKD, which demonstrates its financial stability and soundness. In the United Kingdom, the bank has a registered capital of 989 million GBP, further emphasizing its commitment to meeting the capital requirements imposed by the regulatory authorities. Shao – not under HKMA supervision. Yang Shao has been CEO of Shao UK since May 12th. Chen Li is the CEO in Hong Kong.
Shao has obtained an International Legal Entity Identifier (LEI), which is a 20-character alphanumeric code based on the ISO 17442 standard developed by the International Organization for Standardization (ISO). It is linked to key reference information, enabling clear and unambiguous identification of legal entities involved in financial transactions.
All assets of Shao are tied to the business of Global Future Enterprise Group and are 100% secured by the assets of the corporation, including Financial Partners Limited, Go Insurance, Global Future Technology and Culture, and Universal Century. Overall, the legal status of Shao Bank is well-established in worldwide. The bank operates in accordance with the laws, providing its customers with secure and compliant financial services.
Achieve more with Shao Bank
Buy bonds, open deposits, transfer funds between clients and withdraw funds without any restrictions.
Since its inception, Shao has been actively pursuing a path of development: introducing modern technologies, automating processes, and improving the quality of service. And it is not going to stop there! Its aim is to create a sustainable financial system that can flexibly adapt to clients’ needs.
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