The HKMA will allow deposit-taking companies (DTCs) to roll over their deposits upon conversion to restricted licensed banks. DTCs, the smallest banking category, are often owned by licensed banks and provide consumer finance, commercial loans, or securities services. They require only HKD250,000 in capital but can accept deposits of HKD100,000 or more, held for at least three months, representing less than 0.1% of customer deposits in Hong Kong. Licensed banks, the largest category, account for 99% of deposits with a minimum capital requirement of HKD300m, offering full banking services. Restricted licence banks, the second tier, need at least HKD100m in capital and take deposits of HKD500,000 or more.