Hong Kong’s ZA Bank to roll out US stock trading services

The Hong Kong SFC has lifted previous conditions to the bank's securities license.

Hong Kong’s ZA Bank has announced plans to roll out stock trading services in the US.

This follows after the Hong Kong Securities and Futures Commission (SFC) has lifted the previous conditions on the bank’s license registration of Type 1 (dealing in securities), under which ZA Bank can only carry on business of dealing in collective investment schemes.

With this ZA Bank users will soon access a broader range of investment opportunities, from stocks and ETFs to ADRs in the US markets, in their ZA Bank app.
 
ZA Bank CEO Ronald Iu expressed the bank’s excitement for their upcoming plans.

“We are excited to add U.S. stock trading services to our product suite in due course. With exposure to the world’s largest stock market in terms of capitalization, users can capture the growth potential in some of the most valuable and influential companies across the globe,” Iu said.