Odaily News ZhongAn Bank announced its interim results. As of June 30, 2024, ZhongAn Bank's total assets increased by 43% to HK$20 billion during the period, making it the first digital bank in Hong Kong to achieve monthly profitability. According to public data, in terms of commercial banks, ZhongAn Bank's new account openings increased by 60%, and currently has more than 800,000 users, accounting for 13% of Hong Kong's bankable population. At the same time, more than half of users set ZA Bank as the default receiving bank for Fast Payment System (FPS), and ZhongAn Bank has a penetration rate of 25% among the young Generation Z. In addition, after the Hong Kong Monetary Authority announced the list of participants in the stablecoin issuer sandbox, ZhongAn Bank immediately announced that it would become the first local digital bank to provide exclusive reserve bank services for stablecoin issuers, and it is also one of the first banks in Hong Kong to provide such services. (aastocks)