China unveils cross border wealth management scheme with Hong Kong, Macau


HONG KONG/SHANGHAI, June 29 (Reuters): China announced details of a long-anticipated pilot scheme on Monday linking up investment of wealth management products in Hong Kong and Macau with neighbouring cities, to further integrate the semi-autonomous economies with the mainland.

"Wealth Management Connect" will allow residents of the two offshore centres and those in nine cities on the mainland - which together form the "Greater Bay Area" (GBA) - to buy such products in each other's markets.

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China , HK , Taiwan , Wealth Managament , Pilot Scheme

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