According to Odaily Planet Daily, Hong Kong virtual banks announced in their 2023 annual reports that last year, eight virtual banks suffered a total loss of approximately HK$2.99 ​​billion, which was approximately 12% narrower than the loss of HK$3.4 billion in 2022. In addition, because the word "virtual" gives people an unreal feeling, the Hong Kong Monetary Authority launched a name change consultation with eight virtual banks, the Hong Kong Association of Banks, the Hong Kong Association of Restricted Licensed Banks and Deposit-taking Companies on April 30, planning to rename "virtual banks" to "licensed digital banks". The consultation period is one month. It is worth noting that in Asia, the names of similar banks in different places are different. For example, South Korea and Singapore issue licenses under the name of digital banks, and Singapore further subdivides them into digital full banks (DFBs) and digital wholesale banks (DWBs).