ZA Bank has received approval from the Securities and Futures Commission of Hong Kong to launch US stock trading services
According to official sources, virtual bank ZA Bank in Hong Kong has announced that it has been approved by the Hong Kong Securities and Futures Commission to remove the conditions that applied to the first category (securities trading) of regulated activities when it originally registered for its license. This means that ZA Bank will not be limited to operating "Collective Investment Scheme (CIS)" businesses. Therefore, ZA Bank plans to launch US stock trading services to the public after completing service testing. ZA Bank users will be able to obtain more investment opportunities through the ZA Bank App, including buying and selling US stocks, exchange-traded funds (ETFs), and American depositary receipts (ADRs).
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
241127: Trump’s Crypto Plan: SEC’s Role Diminishes as CFTC Steps In
Donald Trump's administration is reportedly considering shifting crypto regulation to the Commodity Futures Trading Commission (CFTC), potentially reducing the Securities and Exchange Commission's (SEC) role. The move could grant the CFTC oversight of crypto spot markets and exchanges for digital a
Goldman Sachs warns Trump tariff proposals could fuel inflation
Japanese listed company Remixpoint plans to buy another $3.27 million worth of Bitcoin
Trending news
MoreCrypto prices
More
