Livibank, the Hong Kong virtual bank controlled by China CITIC Bank International, announced another layoff of about 10 to 15 people. The bank has issued an internal notice to relevant personnel. This is the second layoff of Livibank this year. In response, Li Zhao-bo, a research fellow at the Asia-Pacific Business Research Institute of the Chinese University of Hong Kong, believes that the Hong Kong Monetary Authority issued too many virtual banking licenses in that year, and said "in another one or two years, the market should undergo restructuring, and it is not surprising that some people will withdraw or even return their licenses."