More than 10 local and overseas firms have expressed interest in providing virtual banking services in Hong Kong, according to the HKMA. Photo: Reuters

Virtual banks queue for slice of Hong Kong market, as HKMA pushes fintech adoption

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Hong Kong Monetary Authority says it will publish revised guidelines for virtual banks ‘very soon’, adding to expectations licenses will be granted this year

Topic | Hong Kong Monetary Authority (HKMA)

Alun John and Enoch Yiu

Published: 7:32am, 25 Jan, 2018

Updated: 4:14pm, 26 Jan, 2018

More than 10 local and overseas firms have expressed interest in providing virtual banking services in Hong Kong, according to the HKMA. Photo: Reuters

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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'.