The first batch of virtual bank licences is expected to be issued around the end of this year or the first quarter of 2019. Photo: Shutterstock
The first batch of virtual bank licences is expected to be issued around the end of this year or the first quarter of 2019. Photo: Shutterstock
Banking & finance
Money /  Wealth

Hong Kong virtual bank licence will be out of reach for all but a few, says fintech boss

David Rosa, CEO of Neat, says the minimum capital requirement of HK$300 million will rule out all but the biggest applicants

Karen Yeung
Karen Yeung

Updated: 5:47pm, 31 Aug, 2018

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The first batch of virtual bank licences is expected to be issued around the end of this year or the first quarter of 2019. Photo: Shutterstock
The first batch of virtual bank licences is expected to be issued around the end of this year or the first quarter of 2019. Photo: Shutterstock
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