According to the press release of the Hong Kong Special Administrative Region Government, the special administrative region government on July 10 welcomed Shenzhen Qianhai WeBank joint stock company to set up its technology company headquarters in Hong Kong, and plans to invest up to 150 million US dollars in Hong Kong and create high-skilled technology jobs. According to the Shenzhen Regulatory Bureau of the State Financial Supervisory Administration in June this year, the bureau has agreed in principle to Shenzhen Qianhai WeBank to set up WeBank in Hong Kong WeBank Technology Co., Ltd. with an investment of 150 million US dollars and a 100% stake in WeBank Technology Co., Ltd. WeBank also became the first private bank to be approved to set up a technology subsidiary.