HONG KONG: ZA bank, a unit of China's ZhongAn Online P&C Insurance Co. began operating on Tuesday, it said in a statement, the first of Hong Kong's new online only banks to do so.
Hong Kong last year issued eight so-called virtual banking licences to companies including Alibaba affiliate Ant Financial, and consortia involving Standard Chartered and Tencent.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!