How to open an account with Encryption friendly Hong Kong Zhongan Bank? Ant is also a shareholder

23-04-12 12:44

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Following yesterday's launch of the Hong Kong Web3.0 Association, Web3 continues to show positive signs in Hong Kong. Hong Kong's ZA Bank will offer the conversion of encrypted tokens to fiat currencies via a licensed trading platform, Ronald Iu, the bank's chief executive officer, said in an interview on Tuesday, Bloomberg reported. Ronald Iu said Zhongan Bank will act as a settlement bank for customers, allowing them to withdraw in Hong Kong, mainland China and US currencies after depositing the cryptocurrency on the trading platform.

Zhongan Bank is a Hong Kong digital bank co-founded by China's Zhongan Insurance, Ant Financial and Hong Kong retailer group Aeon. On March 24, 2020, Zhongan Bank officially provided services to all citizens in Hong Kong. In January 2022, Zhongan Bank was granted a Class 1 Regulated Activity (Securities trading) licence by the Securities and Futures Commission of Hong Kong and became the first virtual bank in Hong Kong to be granted this licence.

By the end of 2022, Zhongan Bank had more than 650,000 retail users, a year-on-year growth of 30%. The amount of deposits reached over 9.1 billion Hong Kong dollars, and the loan scale reached about 4.9 billion Hong Kong dollars, with a year-on-year growth of 94%. The net income of 270 million Hong Kong dollars for the whole year was achieved, with a year-on-year growth of 106%.

According to the latest financial statements disclosed on Zhongan Bank's official website, Zhongan Bank is a wholly-owned subsidiary of Zhongan Financial Services Co., LTD. (the "parent company"). The ultimate holding company is Zhongan Online Property Insurance Co., LTD. (the "Ultimate Holding Company"), of which Ant Technology Group is the largest shareholder. Enterprise Chacha data shows that the current major shareholders of Zhongan Online include:

1. Ant Technology Group Co., LTD. (shareholding: 10.37%)

2. Ping An Insurance (Group) Co., LTD. (shareholding: 10.21%)

3. Shenzhen Jiadexin Investment Co., LTD. (shareholding ratio: 9.53%)

4. Shenzhen Tencent Computer System Co., LTD. (Shareholding: 7.82%)

5. Youfu Holdings Co., LTD. (Shareholding ratio: 6.12%)

6. Shenzhen Rixun Network Technology Co., LTD. (Shareholding: 5.51%)

7. Shanghai Yuanqiang Investment Co., LTD. (Shareholding: 3.4%)

How to open an account

Conditions for opening an account:

1. Opening an account in Hong Kong (you need to be in Hong Kong)

2. Mainland mobile phone number (+86) needs to open the verification code of Hong Kong roaming reception

3. Original Permit for travel to and from Hong Kong and Macao

4. Original Mainland Identity Card (above 18 years of age)

5. Savings card number of Mainland bank

APP download:

Search for ZA Bank in the IOS App Store, search for ZA Bank in Google Play on Android, or visit the official APK installation package.

Connect to public WiFi in major urban areas of Hong Kong or use the Hong Kong mobile card data to start the account opening process. Submit personal data according to the procedure. Wait for review, apply for a physical card to mail.