Core Viewpoint - ZhongAn Bank is entering a new strategic phase under the leadership of CEO Wu Zhonghao, focusing on business diversification and aiming to launch Hong Kong stock trading services within the year [3][6]. Financial Performance - In 2024, ZhongAn Bank reported total revenue of HKD 548 million, a year-on-year increase of 52.6%, and reduced net loss by 42% to HKD 232 million, moving closer to breakeven [4]. - The bank's net interest margin improved from 1.94% in 2023 to 2.41% in 2024, while net interest income rose by 86% to HKD 489 million [4][5]. - Deposits grew by 65.9% to HKD 19.399 billion, and total assets increased by 60% to HKD 22 billion, driven by innovative deposit products [5]. Business Strategy - ZhongAn Bank aims to diversify its business lines and enhance its wealth management services to optimize revenue structure, reducing reliance on interest income [6]. - The bank plans to implement a task incentive model to improve user engagement and cross-selling opportunities while maintaining cost control [5]. - The bank's asset under management (AUM) in fund business tripled in 2024, with plans to introduce Hong Kong stock trading services to complete its investment and wealth management offerings [6]. User Growth - As of the end of 2024, ZhongAn Bank's retail user base exceeded 800,000, covering over 13% of bank customers in Hong Kong, with a target to surpass 1 million users by 2025 [7].
众安银行行政总裁吴忠豪：寻求业务多元化 年内拟推出港股交易服务
Shang Hai Zheng Quan Bao·2025-05-12 18:53