To promote the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and strengthen financial cooperation between Mainland China, Hong Kong, and Macao, several financial regulatory bodies have decided to enhance the Cross-boundary Wealth Management Connect Pilot Scheme. The key measures include expanding eligibility criteria for investors, allowing securities firms to participate, broadening the range of investment products, increasing individual investor quotas, and improving promotion and sales arrangements. The regulators will work on refining the implementation details and operational guidance to implement these measures promptly. The Scheme will be continuously improved, and financial market connectivity in the GBA will be developed cautiously and systematically to support the region’s growth.
Resource:
https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=23PR111