ZA Bank approved by SFC for U.S. stocks, ETF trading

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Hong Kong virtual bank ZA Bank announced that it has obtained approval from the Securities and Futures Commission (SFC) of Hong Kong, lifting the conditions applicable to regulated activities under Type 1 (Securities Trading) at the time of its original license registration.

This means that ZA Bank will not be limited to operating Collective Investment Scheme (CIS) businesses. Therefore, after completing service testing, it plans to launch trading services for U.S. stocks, U.S. exchange-traded funds (ETFs), American Depositary Receipts (ADRs), and more to the public at an appropriate time.

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This type of service is also expected to be in demand.