Financial news
Written by: Huang Youhua
2020-01-08 12:39
Last updated: 2020-01-08 12:40Ruan Guoheng, vice president of the Hong Kong Monetary Authority, said at the forum that the eight virtual banking licenses issued last year were mainly targeted at SMEs and retail, and the size of the capital was subject to certain restrictions. At the same time, it also took time to establish a customer experience. No impact on traditional banks was seen. He pointed out that the bank's storage value and transfer value functions may be banned by virtual banks. But he doesn't think bankers will disappear from this, but needs to consider how to transform. I believe that in the future, we will shift to research on customer behavior.
In addition, he also pointed out that the rapid development of the Mainland payment system is mainly due to the operator's provision of favorable conditions for consumers, thereby increasing the popularity. However, it is denied that the rapid development of related systems is due to lax supervision.
He also pointed out that the concept of virtual banking proposed in Hong Kong many years ago failed to develop effectively due to insufficient information technology.
Ruan Guoheng Virtual Bank
