In many countries only licensed Banks are allowed to collect deposits.

在许多国家中，只有拥有许可证的银行才可有权存款。

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Since then , all licensed banks have had to maintain direct clearing accounts with the exchange fund.

由那时起，所有持牌银行必须直接在外汇基金开设结算帐户。

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To avoid confusion with licensed Banks, descriptions such as' retail 'or' commercial 'are not allowed.

为免与持牌银行混淆，“零售”或“商业”等字眼一律不得采用。

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Hong Kong is a powerhouse financial center, host to more than 182 licensed banks.

CNN: The Really Useful Guide

But how far should they stack the cards in favour of licensed banks?

ECONOMIST: Open wider | The

Last year the Kenyan authorities licensed two Islamic banks, Gulf African Bank and First Community Bank, both backed by Gulf investment.

ECONOMIST: Islamic banks join in the race for Africa