Mainland wealth link with Hong Kong to be capped at US$23bil each way

HONG KONG (Bloomberg): The central government's plan to allow investments for private wealth across the border between the Hong Kong Special Administrative Region (HKSAR) and its increasingly affluent southern region will be capped at 150 billion yuan (US$23 billion) in each direction.

The Wealth Management Connect programme, which will allow residents of Hong Kong and Macau SARs as well as major cities in China’s southern Guangdong province to invest across the border, will also have an individual quota of 1 million yuan, according to the Hong Kong Monetary Authority (HKMA).