Hong Kong's digital banking push pits tech newcomers against old-guard lenders
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HONG KONG (Reuters) - At least a dozen banks, fintechs and telecom firms are lining up to get a piece of Hong Kong's retail and small business banking market as the regulator prepares to award the former British colony's first online-only banking licences.Bidders hoping to challenge the dominance of HSBC and its local rivals, Bank of China (Hong Kong) and Standard Chartered , include China's Ant Financial, Tencent , and Ping An Insurance , several people familiar with the process..