The HKMA will scrutinise the IT platform of the virtual bank applicants, the viability of their business plans and their financial background. Photo: SCMP

Virtual banks close to reality as Hong Kong issues guidelines with 50 companies showing interest

Hong Kong’s de facto central bank and banking regulator sets August 31 as the deadline for receiving the first batch of applications

Topic |   Banking & Finance

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The HKMA will scrutinise the IT platform of the virtual bank applicants, the viability of their business plans and their financial background. Photo: SCMP
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