Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & 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.
Hong Kong Announces Total 24 Banks for Wealth Management Connect, Citibank, HSBC, Standard Chartered, Hang Seng, DBS
28th January 2022 | Hong Kong
Hong Kong Monetary Authority (HKMA) has announced 5 more eligible banks in Hong Kong which can launch Cross-boundary Wealth Management Connect (WMC) services between Mainland China and Hong Kong, bringing the total number of eligible banks in Hong Kong to 24. The list includes global and regional banks such as Citibank, HSBC, Standard Chartered, Hang Seng, DBS, and leading Chinese banks such as Agricultural Bank of China, Bank of China, Bank of Communications, Industrial & Commercial Bank of China.These banks, together with their respective Mainland partner banks whose eligibility for providing pilot Cross-boundary WMC services have been confirmed by the relevant Mainland regulatory authorities (to be announced separately by the Mainland authorities), can start providing Cross-boundary WMC services together on 28th January 2022, the earliest.View:Southbound participating banks, Northbound participating banks
“ Hong Kong Announces Total 24 Banks for Wealth Management Connect “
The 2023 Investment Day | 5/9 HK & 12/9 SG
Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 5th Sept 2023 in Hong Kong, 12th Sept 2023 in Singapore.
Visit | Register here
The 2023 Family Office Summit | 25/10 HK & 7/11 SG
Join 100+ single family offices & family office professionals in Hong Kong & Singapore
Links: 2023 Family Office Summit | Register here
HKMA Official Statement:
Hong Kong, Asia’s leading financial centre
The Hong Kong Monetary Authority (HKMA) announced today (27 January) 5 eligible banks in Hong Kong which can launch Cross-boundary Wealth Management Connect (WMC) services (Southbound participating banks, Northbound participating banks), bringing the total number of eligible banks in Hong Kong to 24. These banks, together with their respective Mainland partner banks whose eligibility for providing pilot Cross-boundary WMC services have been confirmed by the relevant Mainland regulatory authorities (to be announced separately by the Mainland authorities today), can start providing Cross-boundary WMC services together tomorrow (28 January) the earliest.
As set out in the “Implementation Arrangements for the Cross-boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area” (Implementation Arrangements) promulgated by the HKMA on 10 September 2021, banks in Hong Kong which intend to embark on Cross-boundary WMC activities should put in place systems, internal control measures and complete relevant systems testing, and submit a self-assessment to the HKMA prior to the launch of such activities in accordance with the requirements in the Implementation Arrangements.
The HKMA will closely monitor the operation of the scheme and update from time to time the list of eligible Hong Kong banks on the HKMA’s dedicated Cross-Boundary WMC webpage.
Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.
Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more. List hard-to-find financial & private wealth services.
Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & 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?
