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

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
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