News

Markets & Investing

Staff Reporter

, Hong Kong

Published:

1 year ago

Photo by Jatinder Singh Kang from Pexels

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.

Follow the link for more news on

Wealth Management Connect

Also Read

14 HK firms gain approval to join GBA wealth scheme

HK Acquisition Corporation completes De-SPAC transaction with Synagistics

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

3 Hongkongers land on Forbes Asia's Power Businesswomen 2024

The youngest is Stephanie Lo, vice chairman of Shui On Land.Three Hongkongers were included in Forbes Asia’s Power Businesswomen 2024 for being the first women to step into their roles in their companies.The youngest of the three is Stephanie Lo, vice chairman of Shui On Land. Lo assumed the role in May, overseeing the China-focused property development arm of the Shui On Group, founded by her father, Vincent Lo.Also on the list is Clara Chan, CEO of Hong Kong Investment Corporation (HKIC). Prior to HKIC, Chan was a manager of direct investments at the Hong Kong Monetary Authority in 2010 where she handled the $39b bailout of Cathay Pacific during the pandemic.The third Hongkonger is Bonnie Chan, CEO of Hong Kong Exchanges and Clearing, who has overseen a notable increase in listings this year. In the second quarter, 18 companies went public compared to 12 in the first, raising 79% more funds.

Media & Marketing

52 minutes ago

Cathay expands Corporate SAF Programme with new tiered partnerships

By using SAF, the partners reduced carbon emissions by 8,060 tonnes in 2024.

Aviation

1 hour ago

Homebuyer interest in HK up amidst rate cuts, policy incentives

Developers are launching new residential projects to capture demand.Homebuyers are showing renewed interest in the residential market, following recent US Federal interest rate cuts and flexible housing measures announced in the policy address, according to CBRE.

Residential Property

1 hour ago

HKUST forms advisory group to support HK's third medical school

Members include a former UK health minister and a Nobel laureate.The Hong Kong University of Science and Technology (HKUST) has formed a council advisory group to support the development of Hong Kong’s third medical school, providing guidance to the university council. Chaired by Dr. Leong Che-Hung, the advisory group includes a roster of global medical experts and scholars such as former UK health minister Ara Darzi, chair of surgery at Imperial College London Paul Hamlyn, Columbia University's David Ho, Singaporean ophthalmologist Wong Tien-yin, and Nobel laureate Roger Kornberg from Stanford University's School of Medicine.Their collective expertise is expected to guide the university in establishing a leading medical school that will enhance Hong Kong’s role as an international hub for medical education, research, and innovation.HKUST plans to continue recruiting members to deepen the advisory group's expertise.

HR & Education

1 hour ago

Exclusives

Stellerus helps organisations manage hazard, climate risks

The Hong Kong startup offers a fast and accurate early warning system for natural disasters.

5 days ago

Safety concerns cloud Hong Kong’s ‘green’ transport ambitions

Hydrogen fuel is volatile, highly flammable and expensive, an energy expert says.

K11 MUSEA bridges art, culture, and retail

Visitors find top-tier brands and museum-grade art pieces at the cultural-retail landmark.

Retail

Rich Hong Kong families sell mansions at a loss to repay debt

A stuttering economy has driven some to offload their assets for as low as half the price.

Residential Property

Event News

HKB Technology Excellence Awards 2024 Winner: HSBC in the Analytics - Financial Services category

HSBC's Travel Guru won the Analytics - Financial Services category at the Hong Kong Business Technology Excellence Awards 2024 for its innovative approach to enhancing travel experiences.

Co-Written / Partner HSBC elevates customer travel experiences through data analytics solutions

HKB Technology Excellence Awards 2024 Winner: Airport Authority Hong Kong

Co-Written / Partner Airport Authority Hong Kong clinches HKB Technology Excellence Awards 2024 for innovative biometric solution

HKB Technology Excellence Awards 2024 Winner: HSBC in the Analytics - Financial Services category

HSBC's Travel Guru won the Analytics - Financial Services category at the Hong Kong Business Technology Excellence Awards 2024 for its innovative approach to enhancing travel experiences.