The virtual bank Mox Bank obtained the Type 1 (Securities Dealing) license issued by the Hong Kong Securities Regulatory Commission


The virtual bank Mox announced that it has obtained a Type 1 (securities transaction) license issued by the Hong Kong Securities Regulatory Commission, enabling the bank to expand from deposit and lending businesses to wealth management and investment services. Mox will test the Mox Invest securities trading service through the HKMA Fintech Regulatory Sandbox, and gradually roll out the service to customers later this year. It is reported that Mox Bank is currently one of the eight virtual banks registered by the Hong Kong Monetary Authority.
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