[Hong Kong Monetary Authority: Consultation launched on the proposal to change the name of "virtual banks" to "digital banks"] Golden Finance reported that the Hong Kong Monetary Authority published a review report on virtual banks today. According to the review results, the development of virtual banks has achieved the three policy goals of introducing virtual banks in Hong Kong. In addition, the innovative banking business model of virtual banks using technology as the leading factor has been widely accepted in the Hong Kong market. As of the end of 2023, the number of depositors of virtual banks reached 2.2 million. The market responded well to the products and services provided by the eight virtual banks. At the same time, the HKMA also launched a one-month public consultation today on the proposal to change the name of "virtual banks" to "digital banks". It is expected that the proposed new name will more effectively reflect the current banking business model of virtual banks.