Bank of China, HSBC and Standard Chartered are among the 19 banks that have received approval from the HKMA to sell wealth management products to mainland residents. Photo: Bloomberg
Bank of China, HSBC and Standard Chartered are among the 19 banks that have received approval from the HKMA to sell wealth management products to mainland residents. Photo: Bloomberg

HSBC, Standard Chartered, Bank of China (HK) among 19 lenders approved to sell Wealth Management Connect products

  • Each investor can only trade up to 1 million yuan (US$155,000) on a net remittance basis
  • HKMA allows 16 banks to sell products in Hong Kong and the mainland, while three can only sell to Greater Bay Area residents via the southbound route

Topic |   Banking & finance
Bank of China, HSBC and Standard Chartered are among the 19 banks that have received approval from the HKMA to sell wealth management products to mainland residents. Photo: Bloomberg
Bank of China, HSBC and Standard Chartered are among the 19 banks that have received approval from the HKMA to sell wealth management products to mainland residents. Photo: Bloomberg
READ FULL ARTICLE