Slaughter and May is advising Standard Chartered Bank (Hong Kong) Limited (SCBHK) on its strategic joint venture to build a new standalone digital retail bank in Hong Kong. The JV is among the first three successful applicants to have obtained a virtual bank licence from the Hong Kong Monetary Authority.
SCBHK will be the majority shareholder in the joint venture with a 65.1% shareholding, with PCCW Limited, HKT Limited and Ctrip.com (Hong Kong) Limited holding 10%, 15% and 9.9%, respectively.
Corporate
Financial Regulation
Competition
Natalie Yeung
Partner
Jack Dickie
Associate
IP
Richard McDonnell
Senior Counsel