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CHINA PRESS: Cross-border Wealth Management Connect Should Be Expanded

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

Authorities should expand the Cross-boundary Wealth Management Connect scheme to further tap into the needs of residents in the Guangdong-Hong Kong-Macao Greater Bay Area, said Chen Zhenying, delegate of the National People’s Congress from Hong Kong. He suggested to increase the personal investment quota further, expand the product range and optimise sales procedures, which will also strengthen Hong Kong’s offshore yuan asset allocation function. (Source: 21st Century Business Herald)

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Authorities should expand the Cross-boundary Wealth Management Connect scheme to further tap into the needs of residents in the Guangdong-Hong Kong-Macao Greater Bay Area, said Chen Zhenying, delegate of the National People’s Congress from Hong Kong. He suggested to increase the personal investment quota further, expand the product range and optimise sales procedures, which will also strengthen Hong Kong’s offshore yuan asset allocation function. (Source: 21st Century Business Herald)