Cross-border investment scheme gives Hong Kong yet another critical advantage over other financial hubs in tapping China’s fast-growing wealth and market opening. Photo: EPA-EFE
China sets limits in plan to ease capital controls in Greater Bay Area under cross-border wealth management scheme
- Each investor can only invest up to 1 million yuan worth of investment products under the new scheme
- The Wealth Management Connect would take an incremental approach, with possibilities for enhancements: HKMA
Cross-border investment scheme gives Hong Kong yet another critical advantage over other financial hubs in tapping China’s fast-growing wealth and market opening. Photo: EPA-EFE
