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What happened to the first batch of virtual licenses in Hong Kong? What about virtual license plate

On March 27, the Hong Kong Monetary Authority announced that it had granted banking licenses to livi VB limited, SC Digital Solutions Limited and Zhong'an virtual finance limited to operate virtual banks. So what happened to the first batch of virtual licenses in Hong Kong? What is the situation of virtual license plate?

It has always been a matter of great concern to whom the virtual banking license in Hong Kong will fall. According to the apple daily of Hong Kong on January 9, the Hong Kong Monetary Authority (HKMA) had sent letters to eight companies informing them that their applications for virtual banking licenses had entered the next round of selection. The eight companies include Standard Chartered Hong Kong, Zhongan insurance, Tencent and ant financial services. It is said that Xiaomi, Hongkong Telecom and Ping An of China are also expected to be selected.

The reporter learned that livi VB limited, SC Digital Solutions Limited and Zhong'an virtual Finance Co., Ltd. have the background of BOC Hong Kong, Standard Chartered Hong Kong and Zhong'an insurance respectively, while Tencent, ant and Xiaomi have no news yet.

According to Zhongan international, Zhongan virtual Finance Co., Ltd. ("Zhongan virtual finance") is a wholly-owned subsidiary of Zhongan Technology (International) Group Co., Ltd. (Zhongan International), while Zhongan international was established in Xianggang by Zhongan online Property Insurance Co., Ltd. in December 2017.

'the future target users of Zhongan virtual finance are the new generation of Hong Kong users who are willing to embrace technology to improve their daily life. We are optimistic about one belt, one road and the Great Bay area strategy of Hongkong, and the introduction of online banking services is an important first step in the business of Hong Kong. "Zhongan International said that Zhongan virtual finance expects to go online and launch its first service within 6 to 9 months after obtaining the license, and the specific plan needs to be further communicated with the regulatory authorities.

Zhongan international disclosed that in the initial stage, Zhongan virtual finance will focus on providing high-quality core banking services, which is expected to be launched within this year. The virtual bank will take the mode of user co creation, and Zhongan virtual finance will discuss the product and service research and development with users.

According to the information released by Bank of China Hong Kong (Holdings) Co., Ltd., livi VB Limited is a joint venture between Bank of China Hong Kong (Holdings), Jingdong Digital Technology Holdings Co., Ltd. and Jardine group, with an initial joint investment of HK $2.5 billion. The three shareholders belong to financial institutions, technology companies and retail enterprises. Among them, BOCHK (Holdings) holds 44% of the equity, Jingdong Digital Technology Co., Ltd. Holds 36% of the equity through its company Jingdong Xincheng Technology (Hong Kong) Co., Ltd., and Jardine group holds 20%.

According to the news released by Bank of China Hong Kong (Holdings), after livi VB limited obtained the virtual banking license, an important service scope is the daily life of consumers and the business operation of small and medium-sized enterprises. BOCHK (Holdings) said: 'we plan to officially launch virtual banking related services in about six months. '

The reporter learned that SC Digital Solutions Limited was jointly established by Standard Chartered Bank (Hong Kong) Limited ('standard chartered '), PCCW Limited ('pccw'), Hong Kong Telecom trust, Hong Kong Telecom Limited ('hong Kong Telecom ') and Ctrip financial management (Hong Kong) Limited ('ctrip finance'). Standard Chartered will hold 65.1% of the equity in the joint venture, while PCCW, Hongkong Telecom and Ctrip finance will hold 10%, 15% and 9.9% of the equity respectively.

According to Standard Chartered, the joint venture company will combine the advantages of its partners, set foot in a broader customer base and redefine the banking experience in Hong Kong. Behind it, PCCW, Hongkong Telecom and Ctrip have a large customer base.