Wealth Connect to further boost China’s $18 trillion asset management industry
Under the Wealth Connect scheme launched on Friday, both mainland and Hong Kong markets are expecting higher capital flow between the two regions.
This story was among AsianInvestor's top-read articles in 2021.
Chinese authorities are looking to the new Wealth Connect scheme to increase the flow of capital between the mainland and Hong Kong and strengthen the links between the two areas.
Investors will get the chance to use the Wealth Management Connect Pilot Scheme from mid-October at the earliest, following its official launch in Beijing, Guangzhou and Hong Kong on September 10.
The Greater Bay Area is serving as a tes…
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