The wealth management connect program, launched in September 2021, allows residents in Hong Kong, Macao and nine Chinese mainland cities in Guangdong to invest in each other’s financial products.
China is preparing the next phase of its cross-border wealth management connect program amid mounting calls to expand it beyond the Greater Bay Area, as demand grows among investors in Shanghai, Beijing, and other cities.
The wealth management connect program, launched in September 2021, allows residents in Hong Kong, Macao and nine Chinese mainland cities in Guangdong to invest in each other’s financial products under a closed-loop system. In February 2024, the program underwent a “2.0” upgrade that raised quotas, widened eligible products and admitted brokerages alongside banks.
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