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

  • 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

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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 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'.