China unveils Wealth Management Connect between Hong Kong, Macau and cities in Guangdong

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China announced a plan to link up wealth management products in Hong Kong, Macau and neighbouring cities in Guangdong province.

The new Wealth Management Connect will allow residents of Hong Kong and Macau to buy wealth management products sold by Chinese banks located throughout the Greater Bay Area (GBA), according to a joint statement by the monetary authorities of the three jurisdictions.

Residents of the nine cities in Guangdong province in the GBA can tap wealth products sold by financial institutions in Hong Kong and Macau, they said.

Mainland China has . . .

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