First virtual banking licences issued in Hong Kong

Julia CharltonPartner, Charltons

The Hong Kong Monetary Authority (HKMA) issued the first three virtual banking licences on 27 March 2019 allowing the licensees to operate as virtual banks in one of Hong Kong’s first steps in ushering in the new era of smart banking announced by HKMA chief executive, Norman Chan Tak-lam, in September 2017. Read More…


Links