The Cross-boundary Wealth Management Connect Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area (Cross-boundary WMC), which was launched in September 2021, is one of the key initiatives that facilitates mutual market access between Hong Kong, Macao and the Mainland. It enables eligible investors in the Guangdong-Hong Kong-Macao Greater Bay Area to invest in investment products distributed by eligible financial institutions in each other's market through a closed-loop fund flow arrangement.
Licensed corporations interested in participating in the Cross-boundary WMC should submit applications to the SFC. They should be licensed for Type 1 regulated activity, have paid-up capital and shareholders’ funds of not less than HK$100 million, have at least three years of experience in distributing funds and/or bonds and transaction volume of not less than HK$500 million during any 12-month period in the past three years and adequate systems of control. Licensed corporations should also partner with one or more eligible Mainland broker when providing Cross-boundary WMC services.
On an ongoing basis, licensed corporations should comply with the requirements and guidance set by the SFC (see below for details) as well as other relevant regulatory authorities when providing Cross-boundary WMC services.
Licensed corporations participating in Cross-boundary WMC
Circulars
- Circular to Licensed Corporations - Participation in Cross-boundary Wealth Management Connect Pilot Scheme (24 Jan 2024)
FAQs
Latest news
- SFC unveils first batch of brokers joining Wealth Management Connect Pilot Scheme (1 Nov 2024)
- SFC issues guidance to eligible licensed corporations on participation in Wealth Management Connect Scheme (24 Jan 2024)
- Enhancements to the Cross-boundary Wealth Management Connect Pilot Scheme - Strengthening financial market connectivity in the GBA (28 Sep 2023)
- Memorandum of understanding on Cross-boundary Wealth Management Connect (5 Feb 2021)
Other useful information
- Guangdong Provincial Branch of the People’s Bank of China (available in Chinese only)
- Hong Kong Monetary Authority
- Investor and Financial Education Council
Last update: 1 Nov 2024