Eight virtual banks in Hong Kong have been in operation for about four years. Long Peizhi, CEO of Huili Bank, said in an interview with the 21st Century Business Herald that the virtual bank is a very "strange" name because no one in the world uses the name virtual bank. For ordinary customers, it is difficult to understand why it is called virtual bank, because we are not a virtual bank, we have offices and staff. It may be that the name has brought some misunderstandings, and regulators have heard the voices of different channels and feel that it needs to be changed. In addition, Li Jiada, executive director and chief executive of Huili Bank, said when talking about the Federal Reserve's interest rate cut that if the cost of funds for the US dollar interest rate cut will only go down, the capital gap will increase, which is a good thing.