On May 28, Zhongan Online continued to rise for the fourth consecutive trading day, and the four-day increase reached 32.45%. Prior to that, the Hong Kong Legislative Council passed the “Stablecoin Bill” in the third reading on May 21, an important step in improving the local regulatory framework for virtual asset activities. According to the Guojin Securities Research Report, Zhongan Bank, a subsidiary of Zhongan Online, has an in-depth layout in the virtual asset business and is expected to benefit. In July of last year, Zhongan Bank became the first digital bank in Hong Kong to provide reserve bank services for stablecoin issuers, and cooperated with Yuancoin Innovation Technology, one of the HKMA's first sandbox participants. It will become the first stablecoin issuer to use the services of Zhongan Bank Reserve Bank. In the first quarter of this year, Zhongan achieved both improvements in underwriting investment. It is expected that net profit will grow with high elasticity this year. It is recommended to focus on low allocation opportunities and maintain a “buy” rating. According to a research report published by DBS Bank, the hidden value of Zhongan Bank is estimated to be 2 billion US dollars, and the market has underestimated its potential value. Zhongan Online holds 43.43% of the shares in Zhongan Bank, with a corresponding value of about US$887 million. This is not reflected in the current stock price. It reaffirms the purchase rating for Zhongan Online. The target price is HK$20.

On May 28, Zhongan Online continued to rise for the fourth consecutive trading day, and the four-day increase reached 32.45%. Prior to that, the Hong Kong Legislative Council passed the “Stablecoin Bill” in the third reading on May 21, an important step in improving the local regulatory framework for virtual asset activities. According to the Guojin Securities Research Report, Zhongan Bank, a subsidiary of Zhongan Online, has an in-depth layout in the virtual asset business and is expected to benefit. In July of last year, Zhongan Bank became the first digital bank in Hong Kong to provide reserve bank services for stablecoin issuers, and cooperated with Yuancoin Innovation Technology, one of the HKMA's first sandbox participants. It will become the first stablecoin issuer to use the services of Zhongan Bank Reserve Bank. In the first quarter of this year, Zhongan achieved both improvements in underwriting investment. It is expected that net profit will grow with high elasticity this year. It is recommended to focus on low allocation opportunities and maintain a “buy” rating. According to a research report published by DBS Bank, the hidden value of Zhongan Bank is estimated to be 2 billion US dollars, and the market has underestimated its potential value. Zhongan Online holds 43.43% of the shares in Zhongan Bank, with a corresponding value of about US$887 million. This is not reflected in the current stock price. It reaffirms the purchase rating for Zhongan Online. The target price is HK$20.