.jpg&c=1&h=180&q=80&v=20251231&w=320 "Two of Hong Kong’s virtual banks to soft launch as protests bite")
Hong Kong’s virtual banks: fillip or flop?
Mox, the fifth of Hong Kong’s virtual banks, launched last month, showing a solid initial response. But what’s the future for the others and what’s in it for corporate treasurers?
It’s been more than 18 months since the Hong Kong Monetary Authority (HKMA) issued licenses to eight virtual banks. Initially it was thought that all of them would be up and running within nine months.
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