Virtual banks will launch services ‘in a staged manner’, says Arthur Yuen, deputy CEO of the Hong Kong Monetary Authority. Photo: Jonathan Wong

Hong Kong virtual banks could soft-launch some services in fourth quarter, monetary authority says

  • The introduction of virtual banking services will be a ‘gradual’ process, Arthur Yuen, deputy CEO of Hong Kong Monetary Authority, says
  • Virtual banks expect to offer ‘simple’ products initially
Topic |   Banking & Finance

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Virtual banks will launch services ‘in a staged manner’, says Arthur Yuen, deputy CEO of the Hong Kong Monetary Authority. Photo: Jonathan Wong
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