The first digital bank in Hong Kong provides 6% deposit rates that rival HSBC's

HONG KONG (BLOOMBERG)— Hong Kong's first new generation of digital banks announced their launch with an introductory deposit rate of 6 percent.

ZA Bank, one of eight firms preparing to start digital-only banks in Hong Kong, has started a trial run that pays more than 3 percentage points more to a select group of depositors than banks like HSBC Holdings and Standard Chartered. While many doubt the new banks will be able to m....