ZhongAn Online P&C Insurance and Sinolink Group own ZA Bank, which is the first virtual lender to launch operations in Hong Kong. Photo: Reuters

Hong Kong’s banking sector enters new era as ZA Bank becomes the city’s first virtual lender to launch services

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ZA Bank, which has selected 2,000 users to test its services, to initially offer multicurrency savings account, time deposits and local transfers from today
Launch of virtual banks is major milestone in the development of Hong Kong’s banking industry, says Arthur Yuen, deputy chief executive of HKMA

Topic | Banking & Finance

Enoch Yiu

Published: 3:36pm, 18 Dec, 2019

Updated: 10:56pm, 18 Dec, 2019

ZhongAn Online P&C Insurance and Sinolink Group own ZA Bank, which is the first virtual lender to launch operations in Hong Kong. Photo: Reuters

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Enoch Yiu

Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.