Chen Yongfu, a senior analyst of the banking and fintech industry at Bloomberg Industry Research, said that it is expected that in 2024, due to rapid revenue growth and a stable cost base, the comprehensive losses of virtual banks in Hong Kong will be reduced to HK$2 billion or less; operating expenses may fall below HK$3.2 billion. Last year, the eight virtual banks generally recorded an increase in net interest income, and MOX BANK, Furong Bank, Lihui Bank and Ant Bank (Hong Kong) recorded an increase of more than 100%, but PAO Bank and Tianxing Bank's net interest income decreased compared with the previous year, down 14% and 32% year-on-year respectively. In addition, Ant Bank has the smallest loss, with a net loss of approximately HK$180 million after tax in 2023. Its net interest income in 2023 was HK$58.419 million, a year-on-year increase of 291%. In the same year, customer deposits were HK$633.822 million, a year-on-year increase of 79%; customer loans were HK$314.375 million, a year-on-year increase of 573%. According to the financial report, PAO Bank's technology-related expenditure in 2023 will total approximately HK$60.61 million, while Air China Bank's technology-related expenditure will be approximately HK$72.67 million, accounting for approximately 24% and 30% of the two banks' total expenditure in 2023, respectively.