Hong Kong virtual bank customer base grows 20%, total deposits rise to HK$37 billion

According to ChainCatcher, HKMA data shows that the total number of customers of virtual banks in Hong Kong has reached 2.2 million, a year-on-year increase of 20%, total deposits have increased to 37 billion yuan, an increase of 23%, and total loans have reached 19 billion yuan, an increase of 19%. These data show that the business of virtual banks is steadily improving. Earlier, the Hong Kong Economic Journal reported that the Hong Kong Monetary Authority had initiated a one-month consultation on renaming "virtual banks" to "licensed digital banks" with eight virtual banks, the Hong Kong Association of Banks, the Hong Kong Association of Restricted Licensed Banks and Deposit-taking Companies on April 30.