ZhongAn Technology plans to increase its investment in ZhongAn International, which holds ZA Bank, by approximately 496 million yuan

ChainCatcher news, according to reports from the newspaper, ZhongAn Online announced that its wholly-owned subsidiary ZhongAn Technology plans to increase its capital by approximately 496 million yuan to ZhongAn International, which holds the virtual bank ZA Bank. The transaction will be divided into initial and subsequent deliveries. After the transaction is completed, its shareholding in ZhongAn International will increase from the current 43.65% to 45.04%. ZhongAn Online stated, "We are optimistic about the prospects of ZhongAn International's Hong Kong virtual bank and overseas market technology output business."

Previously, ChainCatcher reported that ZA Bank has currently provided HKD fiat deposit services for HashKey Exchange, Hong Kong's first licensed retail exchange.