Hong Kong’s lenders have been given a digital wake-up call, says sharonlamhk
The Hong Kong Monetary Authority announced on March 27 that it had granted digital banking licences to three groups: Livi VB, which involves a subsidiary of Bank of China, plus a venture backed by Standard Chartered among others, and ZhongAn Virtual Finance.
The three new banks intend to launch their services within six to nine months, after which there will be 155 licensed banks in the city. Norman Chan, chief executive of the HKMA, said that the introduction of virtual banks was “a key pillar supporting Hong Kong’s entry into the smart banking era”.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
HSBC downgrades stocks in Singapore and Hong KongSingapore and Hong Kong are small and open economies that are highly exposed to swings in the global environment, said HSBC.
Lire la suite »
12-year-old blood mule caught trying to transport 142 samples into Hong KongA 12-year-old girl has been caught in the Chinese city of Shenzhen trying to smuggle dozens of blood samples from pregnant women into neighboring Hong Kong, apparently for sex testing, state media reported.
Lire la suite »
Hong Kong has licensed its first three digital banks — and tech giants may lose outThe Hong Kong Monetary Authority, the territory’s de facto central bank, has granted the first set of its long-awaited digital-only banking licenses.
Lire la suite »
Proposed Hong Kong extradition law changes spark concerns
Lire la suite »
Proposed Hong Kong extradition law changes spark concernsBusiness and human rights groups express concern over proposed changes to Hong Kong's extradition law that would regularize the sending of suspects to mainland China where they say they could be subject to torture and unfair prosecution.
Lire la suite »
Disgraced former Hong Kong politician jailed for 3 years for bribing African leaders at the UNA disgraced former Hong Kong politician was sentenced to three years in prison by a US federal court in New York for his role in a multimillion-dollar scheme to bribe African leaders through contacts made at the United Nations
Lire la suite »
Cryptocurrency Miner Bitmain’s Hong Kong IPO Application LapsesBitmain Technologies, the world’s largest cryptocurrency mining company, said it plans to go public in the future after a six-month deadline on its current listing application lapsed.
Lire la suite »
Cryptocurrency miner Bitmain lets its Hong Kong IPO application lapseBitmain Technologies, the world's largest designer of products used for min...
Lire la suite »
Pelosi expressed ‘deep concern’ over Hong Kong plan to extradite fugitives to mainland ChinaNancy Pelosi has expressed deep concern over a Hong Kong government plan to allow the transfer of fugitives to mainland China
Lire la suite »
Think San Francisco And New York Are Expensive? Good Luck In Hong Kong And SingaporeSingapore, Paris and Hong Kong are top 3 most expensive places to live
Lire la suite »