HKMA Launches Industry Consultation on "Renaming Virtual Banks to Licensed Digital Banks"
2024-05-06 04:29:04
Hong Kong virtual banks last week announced the 2023 annual report, eight virtual silver last year a total loss of about 2.99 billion yuan, compared with 2022, the bank's loss of about 3.40 billion yuan, narrowed by about 12%, in response to the recent years from time to time reflect the "virtual" bring unreal feeling, the Hong Kong Monetary Authority has 8 virtual banks, the Hong Kong Association of Banks, Hong Kong Restricted License Banks and Deposit-taking Companies Association to start the name change consultation, plans to rename the virtual bank to a licensed digital bank, for a period of one month. It is reported that in Asia, the name of similar banks varies from place to place. South Korea and Singapore are licensed under the name of digital bank (digital/digital bank), among which Singapore is subdivided into digital full bank (DFB) and digital wholesale bank (DWB).
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