SFC enhances Wealth Management Connect scheme

Licensed corporations will gain one‑year consent option and online product briefings.

Hong Kong’s Securities and Futures Commission (SFC) announced enhancements to the Cross‑boundary Wealth Management Connect (WMC) Pilot Scheme on 13 November 2025, setting new rules for licensed corporations (LCs) on client consent and product communication.

Licensed corporations may now obtain a one‑off written consent, valid for up to one year, from Southbound clients outside Hong Kong. This allows product explanations without repeated authorisations.

Mainland partner brokers within the same group may arrange three‑party online meetings between clients and LCs for product briefings. With client consent, LCs may also provide research reports prepared by Mainland partners.

The measures apply to both Southbound and Northbound schemes and extend the WMC framework across the Greater Bay Area.