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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. ....
Blockchain made up about 15 per cent of the talks at Money20/20 Asia this year, just slightly below the proportion of talks on AI, as interest remains high in Asia. ....
A Post poll of 10 lenders found that this year’s packets range from HK$100 (US$12.82) to HK$1,000, with bank employees also set to enjoy hampers full of treats, lucky draws and even extra time off. ....
Hong Kong banks are going all out to promote e-lai see, as sending and receiving lucky money electronically is fast rivalling the traditional practice of handing out red envelopes with money. ....