ZA Bank launches investment fund service
0% subscription fees x 5-min account opening with fund subscription 

Hong Kong’s No.1 virtual bank ZA Bank¹ has officially launched its investment fund service, becoming the first virtual bank in town to offer a one-stop integrated personal financial platform, covering banking, investment, and insurance. As the city steps into the new era of “Virtual Banking 2.0”, let’s “buy funds via ZA Bank, and empower your finances today”.

Trump card of ZA Bank’s investment fund service:

Users can build their fund portfolios based on personal financial goals. Fund transactions are automatically settled directly from users’ savings accounts, enabling them to buy and sell funds in a hassle-free way anytime, anywhere. The in-app widgets such as "Investment Fund 101" and "Simple Screener" also give users a comprehensive understanding of each product’s features.

Rockson Hsu, CEO of ZA Bank, said: "Virtual banks are playing an increasingly important role under the new normal, addressing people’s financial needs around the clock with a fully digital servicing model. Following the debut of our insurance service last year, ZA Bank's banking services have now extended to the investment space. We kick-start our investment fund service with an excellent user experience, turning ZA Bank into a one-stop integrated digital financial platform that leads Hong Kong into the new era of 'Virtual Banking 2.0'. As a game changer in banking, ZA Bank strives to redefine investment fund experiences for our users by making investment easier and more autonomous.”

From now until 30 September, users can complete the following 3 investment fund-related tasks in sequence in the ZA Bank App and get a capsule for each task. They have a chance to win cash rewards of up to HKD 1,888⁴ in total:

For details about ZA Bank’s investment fund service, please visit bank.za.group/en/fund.

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Notes to Editors：

1. 1. “No.1” is defined by ZA Bank’s leading position in the virtual banking industry in terms of customer deposits, loan & advances and number of users as of 31 Dec 2021. Source: Annual results announcements of eight virtual banks.
2. 2. The promotion period is from now to 31 December 2022, both dates inclusive. Eligible users must successfully open an investment account with ZA Bank during the promotion period to enjoy the 0% subscription fee offer. Terms and conditions apply. 
3. 3. The time needed for investment account opening is subject to actual circumstances. In general, provided that no extra information is required, an existing ZA Bank user can open an investment account and complete fund subscriptions in as fast as 5 minutes.
4. 4. Cash rewards are disbursed via ZA Quest in the form of ZA Coin, a third-party reward scheme operated by ZA International Financial Services Limited (ZAIF), at a rate of 100 ZA Coin = HKD 1. Participants must successfully link their ZA Bank account to their ZA Coin account to participate in the reward programme. Terms and conditions apply. 

About ZA Bank

ZA Bank Limited (“ZA Bank”), licensed by the Hong Kong Monetary Authority (“HKMA”) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (“ZA International”). With its “Community-Driven” approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.

ZA Bank is Hong Kong’s No.1 virtual bank. Based on market data as of 31 December 2021, ZA Bank has gained the support of more than 500,000 users, becoming the largest virtual bank in terms of user base in Hong Kong with a leading position in the virtual banking industry in terms of customer deposits and loan & advances.

ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.