[WeLab Bank CEO: No one in the world uses the name of virtual bank] Golden Finance reported that 8 virtual banks in Hong Kong have been operating for about 4 years. In an interview with 21st Century Business Herald, WeLab Bank CEO Long Peizhi said that virtual bank is a very "strange" name because no one in the world uses the name of virtual bank. For ordinary customers, it is difficult to understand why it is called a virtual bank, because we are not a virtual bank, we have offices and employees. It may be that this name has caused some misunderstandings. The regulators heard the voices from different channels and felt that it needed to be changed. In addition, when talking about the Fed's interest rate cut, Li Jiada, executive director and CEO of WeLab Bank, said that if the US dollar interest rate cuts, the cost of funds will only go down, and the capital gap will become larger and larger, which is a good thing.