Hong Kong Enhances Cross-boundary Wealth Management Connect Pilot Scheme in the Greater Bay Area – Refines GBA Residents Eligibility Criteria, Allows Eligible Securities Firms to Distribute Investment Products & Services to Southbound & Northbound Investors, Expands Southbound & Northbound Products, Increase Individual Investor Quota, Enhances Promotion & Sales Arrangement
29th September 2023 | Hong Kong
Hong Kong has announced the enhancement of the Cross-boundary Wealth Management Connect Pilot Scheme in the Greater Bay Area (Guangdong-Hong Kong-Macao), 1) Refining GBA residents eligibility criteria, 2) Allows eligible securities firms to distribute investment products & services to Southbound & Northbound Investors, 3) Expands Southbound & Northbound products, 4) Increase individual investor quota, 5) Enhances promotion & sales arrangement. Hong Kong Monetary Authority (HKMA): “To implement the national strategy of developing the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), deepen the financial cooperation between the Mainland, Hong Kong and Macao, and facilitate their synergistic economic development, the People’s Bank of China, the National Administration of Financial Regulation, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, the Hong Kong Monetary Authority, the Securities and Futures Commission of Hong Kong and the Monetary Authority of Macao have decided to further enhance the Cross-boundary Wealth Management Connect Pilot Scheme (the Scheme) in the GBA. The financial regulators in the Mainland, Hong Kong and Macao will revise and refine the relevant implementation details and operational guidance with a view to implementing the above measures as soon as practicable. Meanwhile, the Scheme will be enhanced continuously based on its operations, and the financial market connectivity in the GBA will be advanced in a prudent and orderly manner to support the development of the GBA.” More info below:
“ Hong Kong Enhances Cross-boundary Wealth Management Connect Pilot Scheme in the Greater Bay Area – Refines GBA Residents Eligibility Criteria, Allows Eligible Securities Firms to Distribute Investment Products & Services to Southbound & Northbound Investors, Expands Southbound & Northbound Products, Increase Individual Investor Quota, Enhances Promotion & Sales Arrangement “
Hong Kong Enhances Cross-boundary Wealth Management Connect Pilot Scheme in the Greater Bay Area
- Refine the eligibility criteria of investors so as to support more GBA residents to participate in the Scheme;
- Expand the scope of participating institutions to include eligible securities firms, allowing them to distribute investment products and provide relevant services to Southbound and Northbound individual investors;
- Expand the scope of Southbound and Northbound eligible products to better meet the demand of GBA residents for diversified investments;
- Increase the individual investor quota as appropriate; and
- Further enhance promotion and sales arrangements so as to steer financial institutions to offer quality financial services to GBA residents.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit