ZA Bank has received approval from the Securities and Futures Commission of Hong Kong to launch trading services such as US stocks and ETFs
On November 23, Hong Kong virtual bank ZA Bank announced that it has been approved by the Securities and Futures Commission (SFC) of Hong Kong to lift the conditions applicable to regulated activities for Type 1 (securities trading) when it was originally licensed.
This means that ZA Bank will not be limited to operating the business of "Collective Investment Scheme (CIS)", and plans to launch trading services such as US stocks, exchange-traded funds (ETFs) and American Depositary Receipts (ADRs) to the public after completing service testing in a timely manner.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Foundation transfers 50,000 ETH to multi-signature wallet for DeFi participation
Musk: No intention to acquire TikTok, usually prefers to build a company from scratch
Cosmos Becomes Epicenter of Real-World Assets as Ondo Finance Announces New L1
State Duma deputy assured that miners' data is protected by the tax authorities
Trending news
MoreCrypto prices
More
