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.
SHENZHEN, China, Jan. 16, 2024 /PRNewswire/ OneConnect Financial Technology Co., Ltd. , a leading technology-as-a-service provider for financial institutions in China, today announced the.
Livi Bank, a virtual bank backed by the Bank of China (Hong Kong), will continue to expand lending to SMEs as it views the segment as a future growth engine after strong growth this year, CEO David Sun says.