On April 30, Bloomberg issued a statement saying that HSBC spent 150 years building a financial bastion around Hong Kong. However, the bank giant is currently facing competitive pressure from the newcomers established by Standard Chartered Bank and Zhong An Insurance. According to previous news, the Hong Kong Monetary Authority issued a virtual banking license to four institutions including Zhongan Virtual Finance, and HSBC will undoubtedly become the competition target of these institutions. In response, a HSBC spokesperson responded by e-mail that HSBC has provided digital services in Hong Kong and has branches, so customers can use any channel they prefer to handle their business, including through blockchain technology. transaction. At the same time, HSBC's PayMe mobile wallet now has more than 1.5 million users.