Virtual banking is set to shake up Hong Kong

Hong Kong is getting ready for the arrival of virtual banks, for which all transactions will be online. The city's financial authority could issue the first licenses as early as this year. Tough regul... ( read original story ...)

Bank staffer jailed 21 months for HK$1m theft

A former Bank of Communications staffer who pleaded guilty to a count of fraud at the District Court today has been sentenced to 21 months of imprisonment. Wong Wai-po, 29, was accused of stealing 200... ( read original story ...)