6 virtual banks become members of the Hong Kong Institute of Banking

According to Cointelegraph in Chinese, according to a report on January 2, six virtual banks have joined the Hong Kong Institute of Banking (HKIB) and become members. HKIB is a non-profit organization that provides training and certification to banking institutions in Hong Kong. The last few banks to join HKIB are Sky Star Bank Limited, Furong Bank Limited, Livi VBLimited, Ping An Yi Tie Tong Bank (Hong Kong) Limited, SC Digital Solutions Limited and WeLab Bank Limited. Commenting on the news, the Chief Executive of the Hong Kong Institute of Banks, Leung Ka Lai, said that the establishment of the virtual bank marked a new era in the development of Hong Kong's banking industry.