Cross-boundary Wealth Management Connect Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area

The Cross-boundary Wealth Management Connect Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area ("Cross-boundary WMC") is one of the key initiatives under the mutual market access schemes between the capital markets of Hong Kong, Macao and the Mainland. It allows eligible Mainland, Hong Kong and Macao investors in the Guangdong-Hong Kong-Macao Greater Bay Area ("GBA") to invest in investment products distributed by financial institutions including banks and brokers in each other's market through a closed-loop funds flow channel.

The Cross-boundary WMC consists of the Northbound Scheme and the Southbound Scheme:

  • The Northbound Scheme refers to eligible investors in Hong Kong and Macao investing in eligible investment products distributed by Mainland banks and brokers.
  • The Southbound Scheme refers to eligible investors in the Mainland GBA cities investing in eligible investment products distributed by banks and brokers in Hong Kong and Macao.

The Cross-boundary WMC was launched on 10 September 2021, and the enhanced implementation arrangements have become effective on 26 February 2024.

Details of the Northbound Scheme for Hong Kong investors:

Implementation Arrangements for the Cross-boundary WMC Pilot Scheme in the GBA (PBoC)

Information of the Northbound Scheme:

List of Hong Kong and Mainland banks participating in the Northbound Scheme (HKMA)
Regulatory Requirements on the Northbound Scheme (HKMA)
Regulatory Requirements on the Northbound Scheme (SFC)
Details of the Northbound Scheme (HKMA)
Frequently asked questions (HKMA)

Information of the Southbound Scheme:

Details of the Southbound Scheme (HKMA)
Regulatory Requirements on the Southbound Scheme (HKMA)
Regulatory Requirements on the Southbound Scheme (SFC)
Frequently asked questions (HKMA)
Deposit Protection Scheme (Hong Kong Deposit Protection Board)
Know about fund products (IFEC)
A Quick Guide to Hong Kong’s Financial System and Services (IFEC)

 

26 February 2024