ZhongAn Online announced on July 5, 2025, that it raised HK$3.92 billion through the placement of H shares. The funds will primarily enhance its fintech and asset management sectors amid evolving stablecoin regulations in Hong Kong.
Approximately 60% of the proceeds will support insurance underwriting and asset management, while 30% will focus on fintech initiatives. Hai Yin, the company’s chairman, emphasized using the funds to further ZhongAn’s digital finance strategies.
Leave a Reply