Hong Kong has handed out three virtual bank licences as city catches up with China, Japan. Photo: AFP
SCMP Editorial
Opinion

Opinion

Editorial by SCMP Editorial

Virtual banking calls for innovation from new talented players

  • As the concept finally arrives in Hong Kong, the city’s monetary authority has started to hand out licences via a process that risks screening out the most promising hopefuls

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Hong Kong has handed out three virtual bank licences as city catches up with China, Japan. Photo: AFP
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SCMP Editorial

SCMP Editorial

Editorials represent the views of the South China Morning Post on the issues of the day.