ZhongAn Smart Life will cooperate with Hong Kong virtual asset trading platforms to explore digital asset business, and its stock price closed up 16.35%.

PANews reported on September 1st that ZhongAn Smart Life (02271.HK), a Hong Kong-listed company, announced it will soon sign a memorandum of understanding with a virtual asset trading platform operator licensed by the Hong Kong Securities and Futures Commission (SFC). The two parties plan to collaborate on digital asset-related businesses. The collaboration includes jointly exploring digital asset business opportunities, opening an account for the group to allocate cryptocurrency assets, providing digital asset infrastructure support, and providing technical advice and compliance assistance.

The collaboration aims to promote business innovation and digital transformation within the group, enhancing its core competitiveness. Its share price closed at HK$4.84, up 16.35%.