On May 9, the Hong Kong Monetary Authority announced that it will provide services to Ants Business (Hong Kong) Co., Ltd., HSBC Limited (Tencent, Gaochun Capital, ICBC Asia, etc.), Insight Financial Technology Co., Ltd. and Ping An Accounts Limited grants a banking license to operate a virtual bank. The licence is effective today. According to the business plan of the licensed banks, their services are expected to be officially launched in about 6 to 9 months. It was previously reported that in 2018, Ping An Group's financial account-paying company delivered a blockchain trading platform trade linkage (eTradeConnect) in Hong Kong.