Odaily Planet News - ZhongAn Bank has released its interim results. As of June 30, 2024, the bank’s total assets have risen by 43% to HKD 20 billion, making it the first Digitale Bank in Hong Kong to achieve monthly profitability. According to public information, in terms of commercial banks, ZhongAn Bank’s number of new accounts has risen by 60%, and it currently has over 800,000 users, accounting for 13% of the Bankable Population in Hong Kong. At the same time, more than half of the users have set ZA Bank as their default receiving bank for Faster Payment System (FPS), and ZhongAn Bank has a penetration rate of 25% among the young Z generation. In addition, after the Hong Kong Monetary Authority announced the list of sandbox participants for stablecoin issuers, ZhongAn Bank immediately announced that it is the first local Digitale Bank to provide exclusive reserve banking services for stablecoin issuers, and is also one of the first banks in Hong Kong to provide such services. (aastocks)