According to TechFlame, on July 5, according to a Caixin report, Zhongan Online announced that it has completed the placement of 215 million new H shares, raising a total of HK$3,924 million. The placement price was HK$18.25 per share, accounting for

13.15% of the expanded H shares already issued and 12.76% of the total number of issued shares.

According to previous news, after the Hong Kong Legislative Council passed the “Stablecoin Bill,” Zhongan Bank immediately announced that it would become the first digital bank in Hong Kong to provide exclusive reserve bank services for stablecoin issuers, and cooperated with yuan, one of the first participants in the HKMA's sandbox.