The Hong Kong Monetary Authority will issue the first batch of virtual bank licenses by the end of this year. Photo: Shutterstock
The Hong Kong Monetary Authority will issue the first batch of virtual bank licenses by the end of this year. Photo: Shutterstock

Hong Kong’s appeal as a virtual banking hub is about to be put to the test as first online lenders arrive

  • With 187 traditional banks, entrants seen going beyond HK for customers

The Hong Kong Monetary Authority will issue the first batch of virtual bank licenses by the end of this year. Photo: Shutterstock
The Hong Kong Monetary Authority will issue the first batch of virtual bank licenses by the end of this year. Photo: Shutterstock
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