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Hong Kong Monetary Authority(HKMA)

Hong Kong Monetary Authority(HKMA)

Organize banks related to the Hong Kong Monetary Authority (HKMA), Payments and Regulatory Topics, Help check business boundaries, Account preparation and applicable regulatory information. Bank and other financial licenses should be judged separately.
Hong Kong Money Lender License vs.. virtual bank：Differentiated competition in traditional lending business
Hong Kong Money Lenders License

Hong Kong Money Lender License vs.. virtual bank: Differentiated competition in traditional lending business

Compare Hong Kong Money Lenders vs Digital Banks, A distinction should be made between Chapter 163 and Chapter 155, public deposits, 3Minimum share capital of HK$100 million bank, Maximum effective interest rate for moneylenders of 48% and presumptive extortionate threshold of 36%, and payments and AML boundaries.
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Detailed explanation of Hong Kong Monetary Authority SVF license (stored value facility) application
Payments and Electronic Money License

Detailed explanation of Hong Kong Monetary Authority SVF license (stored value facility) application

Verification of minimum financial resources of HK$25 million for Hong Kong SVF license, personnel, independent assessment, Float protection, AML/CFT, 113,020Hong Kong dollar license fees and ongoing compliance requirements.
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