ChainCatcher news, according to the 21st Century Business Herald, Chen Yongfu, a senior analyst in the banking and fintech industry at Bloomberg Industry Research, stated that it is expected that in 2024, due to rapid revenue growth and stable cost base, the overall losses of Hong Kong virtual banks will shrink to HKD 2 billion or less; operating expenses may fall below HKD 3.2 billion.Last year, eight virtual banks generally recorded growth in net interest income, with MOX BANK, Fusion Bank, Livi Bank, and Ant Bank (Hong Kong) achieving over 100% growth. However, PAO Bank and Tianxing Bank saw their net interest income decrease compared to the previous year, dropping by 14% and 32% year-on-year, respectively.In addition, the smallest loss was recorded by Ant Bank, with a post-tax net loss of approximately HKD 180 million in 2023. Its net interest income for 2023 was HKD 58.419 million, a year-on-year increase of 291%. In the same year, customer deposits amounted to HKD 633.822 million, a year-on-year increase of 79%; customer loans reached HKD 314.375 million, a year-on-year increase of 573%.From the financial reports, PAO Bank's technology-related expenditures in 2023 totaled approximately HKD 60.61 million, while Tianxing Bank's technology-related expenditures were about HKD 72.67 million, accounting for approximately 24% and 30% of the total expenditures of the two banks in 2023, respectively.

ChainCatcher news, according to data from the Monetary Authority, the total number of customers of virtual banks in Hong Kong has reached 2.2 million, a year-on-year increase of 20%. Total deposits have risen to HKD 37 billion, an increase of 23%, while total loans have reached HKD 19 billion, growing by 19%. These figures indicate that the business of virtual banks is steadily improving.Previous news, according to the Hong Kong Economic Journal, the Hong Kong Monetary Authority has launched a consultation on April 30 to rename "virtual banks" to "licensed digital banks" for 8 virtual banks, the Hong Kong Association of Banks, the Hong Kong Association of Restricted License Banks and Deposit-taking Companies, lasting for 1 month.