Buildings in Shenzhen in southern China on Sunday, Aug. 4, 2019. Photo: BloombergBuildings in Shenzhen in southern China on Sunday, Aug. 4, 2019. Photo: Bloomberg
Buildings in Shenzhen in southern China on Sunday, Aug. 4, 2019. Photo: Bloomberg

China loosens rules on fund flows between Greater Bay Area cities, in a partial relaxation of capital controls

  • Wealth Management Connect will encourage big players such as UBS, HSBC and other private banks and fund houses to increase investment in Hong Kong
  • Bay area has high number of wealthy people, including China’s richest man Pony Ma, who is founder of Tencent Holdings
Topic |   Greater Bay Area
Buildings in Shenzhen in southern China on Sunday, Aug. 4, 2019. Photo: BloombergBuildings in Shenzhen in southern China on Sunday, Aug. 4, 2019. Photo: Bloomberg
Buildings in Shenzhen in southern China on Sunday, Aug. 4, 2019. Photo: Bloomberg
READ FULL ARTICLE