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HKMA reviews guidelines on virtual banks

HKMA Asian Private Banker
The Hong Kong Monetary Authority

The Hong Kong Monetary Authority (HKMA) has reviewed and updated its guidelines on the authorisation of virtual banks for public consultation.  In a press statement, the HKMA said it will continue to “welcome” the establishment of virtual banks in Hong Kong as it believes the development of them will “promote” fintech and innovation as well as financial inclusion in Hong Kong. …

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