Text size

HKMA sets HK$300m minimum paid-up capital requirement for virtual banks, says anything lower is “neither possible nor appropriate”

HKMA Asian Private Banker
The Hong Kong Monetary Authority

The Hong Kong Monetary Authority (HKMA) has confirmed the minimum paid-up capital requirement for virtual banks will be HK$300 million in its revised Guideline on Authorization of Virtual Banks, published yesterday alongside a consultation conclusion. The update should put to rest widespread uncertainty on how virtual banks should comply with existing banking regulations and a minimum capital requirement that is…

To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].