Hong Kong grants four more virtual bank licenses to Ant Financial…
Hong Kong grants four more virtual bank licenses Written byHenry Vilar The Hong Kong Monetary Authority (HKMA) has granted virtual bank licences to Ant Financial, Xiaomi and AMTD Group, PING AN’s One Connect and Tencent. Xiaomi and AMTD’s bank is a joint project called Insight Fintech. According to the firms’ business plans, they aim to…