Two months after the official announcement of the Greater Bay Area's Wealth Connect, experts believe more needs to be done to strengthen regulatory cooperation and investor education.
Regional transactions are bouncing back to pre-Covid levels, but experts caution that each geography requires a different investment strategy.
Under the Wealth Connect scheme launched on Friday, both mainland and Hong Kong markets are expecting higher capital flow between the two regions.
Allianz, AIA, and AXA are set to compete with domestic players via wholly owned business and asset management firms in China.
The city's booming asset management industry is boosted by rising interest from family offices, the Wealth Connect scheme and a growing retail investor base.