According to Foresight News, Mox Bank, a Hong Kong virtual bank with Standard Chartered Bank as its major shareholder, is waiting for the Hong Kong Securities and Futures Commission (SFC) to approve its Type 4 license. The bank has stated that it will launch new fund services within a few weeks of receiving the relevant license.
In a previous report by Foresight News, Mox Bank Limited was granted a Type 1 securities trading license by the SFC in July.
