According to Foresight News, Hong Kong virtual bank ZA Bank announced that it has been approved by the Securities and Futures Commission (SFC) of Hong Kong to remove the conditions applicable to Category 1 (securities trading) regulated activities when registering the original license. This means that ZA Bank will not be limited to operating the "Collective Investment Scheme (CIS)" business, and plans to launch US stocks, US exchange-traded funds (ETFs) and American Depositary Receipts (ADRs) trading services to the public in due course after completing service testing.