Introduction and Regulation of Virtual Banks in Hong Kong


Course Description

Since the first virtual bank launched in 2019, there are more virtual banks in Hong Kong. In this CPD course, we would discuss the regulation of virtual banking in Hong Kong, the use of technologies for a virtual bank’s day-to-day operations, regulatory compliance and risk management processes, the challenges of virtual banking in Hong Kong and law and regulation coping with fast changing technologies. As Banking Ordinance is closely connected with virtual banking in Hong Kong, we would also discuss the Banking Ordinance. We would explore the regulatory policies, some recent amendments of Banking Ordinance, some recent cases on Banking Litigation and how those things affect virtual banks. Towards the end of the webinar, we would discuss Banking Ordinance and the international regulations related to banking in other jurisdictions and how they apply to virtual banks.


Course Outline

Topic: Virtual Banking in Hong Kong | 2:30pm - 3:00 pm

by Miss Chloe Sung, General Counsel, ZhongAn Technologies International Group Limited

  • Regulation of virtual banking in Hong Kong
  • Use of technologies for a virtual bank’s day-to-day operation, regulatory compliance and risk management processes
  • Challenges of virtual banking in Hong Kong

Topic: Banking Ordinance (Cap 155) | 3:00pm - 3:30pm

by Mr. Kevin Lee, Barrister, Prince’s Chambers (Author of ‘Butterworths Hong Kong Banking Law Handbook – Fifth Edition’)

  • Regulatory Policies
  • Banking Ordinance – Recent amendments
  • Banking Litigation – Recent cases
  • How those things affect virtual bank International Regulations related to banking and Banking Ordinance (briefly about how it applies to virtual banks) in other jurisdictions


Course Schedule

Date: 3 March 2021 (Wednesday) | Time: 2:30pm - 3:30pm | Fee: Free

Accreditation(s): 1 CPD Point (Subject to accreditation by The Law Society of Hong Kong)

Level: Intermediate | Language: English

Rules for Online Attendance:

  • Each attendee is required to attend the full course with the webcam and microphone turned on for the Law Society of Hong Kong to monitor attendance. Dial in only without webcam is not accepted.
  • Each attendee is required to display full legal name and company name for the Law Society of Hong Kong’s identification of attendance, e.g. Chan Tai Man David (ABC Company).
  • Each attendee is required to participate for the workshop session and is able to demonstrate a satisfactory degree of comprehension of the course.
  • In the event of any dispute regarding compliance of the online attendance, the decision of LexisNexis shall be final.

Terms & Conditions:

  • Prices are subject to change without prior notice. Seats are subject to availability.
  • All sales are final upon your receipt of a confirmation email sent by LexisNexis and no refund will be provided thereafter under any circumstances.
  • LexisNexis reserves the right to alter the venue, timings and terms and conditions of this seminar at any time in the event that the seminar cannot be held due to circumstances beyond the control of LexisNexis including severe weather.
  • LexisNexis reserves the right to amend, add, or remove any of the above terms and conditions or terminate the offer without prior notice.
  • In the event of any dispute, the decision of LexisNexis shall be final.
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Special offer for attendees

10% off on Butterworths Hong Kong Banking Law Handbook - Fifth Edition

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