In September, Norman Chan announced seven initiatives to help Hong Kong move towards a ‘new era of smart banking’ – including the greater use of virtual banks. Photo: EPA

Monetary authority issues guidelines for the launch of virtual banks in Hong Kong

Authority to receive feedback until March 15 and final regulations will be issued in May

Topic |   Banking & Finance

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In September, Norman Chan announced seven initiatives to help Hong Kong move towards a ‘new era of smart banking’ – including the greater use of virtual banks. Photo: EPA
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Enoch Yiu

Enoch Yiu

Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.