GBA Wealth Management Connect scheme upgraded
The Wealth Management Connect will be enhanced in five directions.
The government welcomed a decision to strengthen the Guangdong-Hong Kong-Macao Greater Bay Area Cross-boundary Wealth Management Connect Pilot Scheme.
The Wealth Management Connect will be enhanced in five directions: refining the eligibility criteria of investors to support more Greater Bay Area residents to participate in the scheme, expanding the scope of participating institutions to include eligible securities firms, expanding the scope of eligible investment products, increasing the individual investor quota as appropriate, and further enhancing promotion and sales arrangements.
Financial Secretary Paul Chan said the enhancement measures will further enrich the investment options of Greater Bay Area residents and promote mutual access to the financial markets of the three places, which is conducive for the industry to explore business opportunities in the Bay Area.
"These measures can further realise the potential of the Wealth Management Connect while enhancing Hong Kong's position as an international asset and management centre," he added.