Application for a banking licence with the Hong Kong Monetary Authority

This publication provides an overview of the Hong Kong Monetary Authority’s (“HKMA”) authorization regime and the minimum criteria for authorization of the HKMA for any person who wishes to apply for a banking license in Hong Kong. The brochure will cover the area related to authorization of virtual banks as HKMA expects virtual banks will promote the development of financial technology and innovation, as well as financial inclusion for retail customers, including small and medium-sized enterprises.