Guojin Securities: ZA Bank is Hong Kong's first digital bank to provide reserve banking services for stablecoin issuers, maintain buy rating

According to a report by Jinse Finance, the Legislative Council of the Hong Kong Special Administrative Region has passed the "Stablecoin Ordinance Bill." Guotai Junan Securities analysis indicates that ZA Bank is the first digital bank in Hong Kong to provide reserve banking services for stablecoin issuers and the first bank in Asia to offer cryptocurrency trading services to retail users. It is expected to engage in more collaborations with digital asset exchanges and stablecoin issuers in the future, maintaining a "buy" rating for ZA Online.