Shenzhen, China
Caproasia.com | The leading source of data, research, information & resource for investment managers, professional investors, UHNW & HNW investors, and advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more

This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.







Launch of Wealth Management Connect: Greater Bay Area with $1.64 trillion GDP and Population of 71.2 million

17th September 2021 | Hong Kong

The Hong Kong Monetary Authority (HKMA) and People’s Bank of China (PBOC) has announced the official launch of Wealth Management Connect in the Greater Bay Area (GBA), comprising of Guangdong, Hong Kong and Macao with total GDP of $1.64 trillion and population of 71.2 million people.  The Wealth Management Connect was proposed to allow investors between Mainland China and Hong Kong to open banking & investment accounts, invest in stocks & bonds, purchase financial products and remit renminbi (RMB / CNY) & foreign currencies.  In May 2021, Central Bank of China and China regulators have set a net cashflow movement between Mainland China and Hong Kong to not exceed $23.2 billion (CNY 150 billion) while the individual investor investment quota is set at $155,000 (CNY 1 million).

“ Launch of Wealth Management Connect: Greater Bay Area with $1.64 trillion GDP and Population of 71.2 million “

 


Ads & Announcements



Chief Executive of the HKMA, Eddie Yue:

“The official launch of the Cross-boundary WMC marks another encouraging development of financial cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).   Individual investors in the three places will be able to make use of the convenient channel provided by the Cross-boundary WMC to invest in more diversified wealth management products across the boundary.  The scheme will not only offer more investment options for individual GBA investors but also create new opportunities for the banking and wealth management industry in the three places.

In addition, it will promote the cross-boundary circulation and use of the renminbi (RMB), thereby further consolidating Hong Kong’s role as the global hub for offshore RMB.”

 

Related:




2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM

Register Below
Latest 2022 data & reports, insights & news
Every Saturday & Sunday 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

For Investors | Professionals | Executives




New to Caproasia?
Join 10,000 +
Learn More | Sign Up Today







For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Subscribe / Sign Up / Contact Us


    Mailing ListFree TrialInvestor $680 YearlyProfessional $680 YearlyExecutive $2,000 Yearly


    Private WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights











    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014


    Web links may be disabled on mobile for security.
    Please click on desktop.









    Previous articleTop 10 Largest Companies in the World Total Market Capitalization at $13.8 Trillion
    Next articleCredit Suisse Senior Appointments & New Hires for Investment Banking & Capital Markets in APAC, Christian Deiss as Head of M&A APAC
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia