• 11/11/2024

Hong Kong’s monetary authority to replace ‘virtual bank’ with ‘licensed digital bank’ to boost public confidence

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

The HKMA plans to replace the term ‘virtual bank’ with ‘licensed digital bank’ in reference to the city’s eight branchless lenders to remove negative connotations associated with the term in Chinese.

https://www.scmp.com/business/banking-finance/article/3261463/hong-kongs-monetary-authority-replace-virtual-bank-licensed-digital-bank-boost-public-confidence?utm_source=rss_feed