Hong Kong's leading virtual bank, ZA Bank, has expanded into the investment sector as the first local digital-only bank licensed by the Securities and Futures Commission (SFC) for securities trading (Type 1 regulated activity). ZA Bank will provide simple, convenient investment services through its app, with plans to offer a variety of investment products. The bank, known for its 24/7 financial services including deposits, loans, payments, and insurance, aims to deliver a holistic investment experience.
CEO Rockson Hsu highlighted ZA Bank’s user-centric approach, stating that within two years, the bank has gained the trust of over 500,000 users. ZA Bank will soon launch its new investment fund services.
ZA Bank, part of ZhongAn International, was one of Hong Kong’s first virtual banks, holding a leading position in deposits and loans as of June 2021. Established in 2017, the bank continues to innovate and grow in the fintech space.