The Hong Kong Monetary Authority said on Friday it had received 29 applications for the first batch of virtual bank licences, with the applicants ranging from telecommunications operators and financial technology companies to global banks. "The HKMA has received a total of 29 applications as of 5pm on August 31. Since a lot of these were submitted over the past two days, the HKMA will need to assess if they are in order," a spokesman said on Friday without disclosing any further...
