Analyses | Regional and economic development | 2018-03-16 | HKET

Virtual banks will soon become more common in Hong Kong



The Government is planning to allow technology companies to own and operate virtual banks in Hong Kong, aiming to issue licences this year. Although Hong Kong did have virtual banks in the past, they were far from being popular among citizens. As technology giants are getting mature with their digital businesses, it is time to reevaluate the potential of virtual banking.

The full version of the commentary is in Chinese only.