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- Cross-boundary WMC
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
- (24 Jan 2024)
FAQs
Latest news
- (1 Nov 2024)
- (24 Jan 2024)
- (28 Sep 2023)
- (5 Feb 2021)
Other useful information
- (available in Chinese only)
Last update: 1 Nov 2024