14 HK firms gain approval to join GBA wealth scheme
They can now offer cross-boundary investment services to GBA investors.
Hong Kong and China’s financial regulators approved 14 licensed Hong Kong firms to participate in the Guangdong-Hong Kong-Macao Greater Bay Area Cross-boundary Wealth Management Connect Pilot Scheme.
The China Securities Regulatory Commission and the Securities & Futures Commission of Hong Kong authorised the firms to provide cross-boundary investment services to investors in the Greater Bay Area.
The firms will also collaborate with their Mainland counterparts, as confirmed by the China Securities Regulatory Commission.