A logo of Standard Chartered is displayed at the financial Central district in Hong Kong, China November 23, 2017. REUTERS/Bobby Yip
HONG KONG: Standard Chartered plans to apply for “virtual banking” licence in Hong Kong, the emerging market-focussed lender said on June 11, amid a rush by global banks to boost their digital presence to attract more young customers.
The Hong Kong Monetary Authority (HKMA), the central bank in the Asian financial hub, is expected to start granting licences to virtual banking platforms towards the end of this year or in the first quarter of next year, it said last month.
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