Enhancements could include measures to improve sales arrangements, expand the product scope, and allow more financial institutions to participate.
September 22, 2022Hong Kong should ensure financial services professionals can move freely, and expand Wealth Connect over time to include alternative asset classes, AIMA says.
July 18, 2022Wealth Management Connect had attracted only 0.3 percent of the total quota since its inception in October. HKIFA calls for an end to quarantine rules.
June 22, 2022Preparation for formal implementation will take about two months. ETF eligibility criteria have been published by HKEX, SSE and SZSE for consultation.
May 30, 2022Shenzhen Rural Commercial Bank has partnered with DBS Hong Kong to offer cross-border wealth management services to mainland residents in the GBA.
May 11, 2022A hurdle that still needs to be overcome is that Hong Kong brokerages are currently prohibited from distribution and soliciting clients in mainland China.
March 18, 2022Finance Secretary Paul Chan announced measures to further reform Hong Kong's listing rules, promote the bond market, and introduce yuan share trading in the city.
February 24, 2022Chiyu Banking Corporation, Chong Hing Bank, Fubon Bank, Shanghai Commercial Bank, and China Everbright Bank can launch WMC services.
January 28, 2022Net investment via Wealth Connect has exceeded CNY 200 million so far, with participation from around 11,500 retail investors.
November 25, 2021HKMA chief Eddie Yue speaks of expanding the use of the RMB in Hong Kong stock market trading and a multi-year programme to enhance the CMU.
October 3, 2021