Odaily Planet Daily News Hong Kong Monetary Authority and the People's Bank of China are promoting the interconnection of the two fast payment systems, namely Hong Kong's Faster Payment System (FPS) and the Mainland's Online Banking Payment Interbank Clearing System (IBPS). The target timetable for the technical interconnection of FPS and IBPS is tentatively scheduled for June next year, but in April this year, several banks in Hong Kong will conduct trial runs first, until June.

Zhongan Bank announced its interim performance, with total assets rising 43% to HKD 20 billion, becoming the first Digital Bank in Hong Kong to achieve monthly profitability, with new account openings increasing by 60%. It accounts for 13% of the banked population in Hong Kong. Over half of the users set ZA Bank as the default receiving bank for quick transfers, with a penetration rate of 25% among the young Z generation. It also announced to be the first local Digital Bank to provide exclusive reserve banking services for stablecoin issuers.