Virtual Bank Zhongan Bank takes the lead in trial operation in Hong Kong

The "Sing Tao Daily" quoted an unnamed person as saying that a bank jointly established by Zhong An Online Property Insurance and Baishida has been trial-operated in Hong Kong, providing basic virtual banking services for up to 2,000 employees. The report quoted Yu Weiwen, president of the HKMA, as saying that virtual banks are seeking to officially open at the end of this year or early 2020.