Deep Tide TechFlow News, July 5, according to Caixin, ZhongAn Online announced the completion of the placement of 215 million new H-shares, raising a total of HKD 3.924 billion. The placement price was HKD 18.25 per share, accounting for 13.15% of the expanded issued H-shares and 12.76% of the total issued shares.

Earlier, after the Hong Kong Legislative Council passed the "Stablecoin Bill," ZhongAn Bank immediately announced that it had become the first digital bank in Hong Kong to provide exclusive reserve bank services for stablecoin issuers, in collaboration with Yuan Coin, one of the first sandbox participants of the Monetary Authority.