Odaily Star Daily News, Hong Kong Monetary Authority and People's Bank of China are promoting the interconnection of the two places' fast payment systems, namely Hong Kong's Faster Payment System (FPS) and the mainland's Online Payment Cross-border Clearing System (IBPS). The target timetable for FPS and IBPS to be technically interconnected 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 mid-year performance, with total assets rising by 43% to 20 billion Hong Kong dollars, becoming the first digital bank in Hong Kong to achieve monthly profitability. The number of new accounts increased by 60%, accounting for 13% of the bankable population in Hong Kong. More than half of the users set ZA Bank as the default receiving bank for fast transfers, with a penetration rate of 25% among the young Z generation. At the same time, it announced to become the first local digital bank to provide exclusive reserve banking services for stablecoin issuers.