Investment involves risk (including the possibility of loss of the capital invested). Prices of investment products may go up as well as down and may even become valueless. Past performance information presented is not indicative of future performance. Investors should not only base on this communication alone to make any investment decision, but should read in detail the offering documents and the Risk Disclosure Statement of the relevant investment products.
One-stop service to unlock Greater Bay Area
investment opportunities
investment opportunities
Hang Seng Bank has partnered with Hang Seng Bank (China) to launch the Hang Seng Cross-boundary Wealth Management Connect (WMC) service, an all-in-one cross-boundary wealth management service connecting you to new investment opportunities in mainland China.
From 1 April to 30 June 2023 (the“Promotion Period”), eligible customers newly opening a Cross-boundary WMC Northbound Account and completing respective remittance can enjoy welcome rewards up to HKD1,350.
From 1 April to 30 June 2023 (the“Promotion Period”), eligible customers newly opening a Cross-boundary WMC Northbound Account and completing respective remittance can enjoy welcome rewards up to HKD1,350.
Cross-boundary
WMC Northbound account opening offers Cross-boundary WMC Southbound wealth management product offers
WMC Northbound account opening offers Cross-boundary WMC Southbound wealth management product offers
Account opening welcome offers
- Successfully open a Cross-boundary WMC Northbound Remittance Account (“Northbound Remittance Account”) at designated Hang Seng Hong Kong branches* during the Promotion Period, you can enjoy an instant gift of a HKD50 cash voucher.
- Successfully complete one-to-one pairing with the Northbound Investment Account opened with Hang Seng Bank (China) during the Promotion Period, you can enjoy an extra HKD500 cash rebate.
Terms and Conditions 
apply to the Account opening welcome offers.
Remittance offer
During the Promotion Period, successfully transfer funds through Cross-Border Transfer at Personal e-Banking or Personal Mobile App from your Northbound Remittance Account to your Northbound Investment Account with a net remittance amount# of RMB300,000 or above to enjoy up to HKD800 cash reward.
| Net Remittance Amount to Northbound Investment Account |
Cash Reward Amount |
|---|---|
| First RMB300,000 | HKD100 |
| Every RMB100,000 thereafter | HKD100 (capped at HKD700) |
#Net Remittance Amount means the accumulated remittance amount from Northbound Remittance Account to Northbound Investment Account minus any accumulated remittance amount from Northbound Investment Account to Northbound Remittance Account. All the related remittance amounts shall be based on the records of the Bank.
Terms and Conditions apply to the Remittance offer.
Eligible Cross-boundary WMC Southbound customers can also enjoy below wealth management product offers:
Investment Funds subscription fee offer
New / existing Cross-boundary WMC Southbound customers can enjoy a 0% fund subscription fee offer for investment funds subscription made with their Southbound Investment Account via Personal e-Banking, Personal Mobile App or phone banking services during the Promotion Period.
Terms and Conditions apply to the Investment Funds subscription fee offer.
Foreign exchange offer
New or existing Cross-boundary WMC Southbound customers can enjoy an interest rate of up to 10.9% p.a.1 when setting up a 1-week time deposit upon exchanging for the USD with us during the Promotion Period.
1 The offer’s interest rate is quoted with reference to the interest rates offered by the Bank on 31 March 2023 and is for reference only. The relevant interest rates will be subject to revision based on the prevailing market conditions.
Terms and Conditions apply to the Foreign exchange offer.
CNY Time Deposit offer
New or existing Cross-boundary WMC Southbound customers can enjoy preferential interest rate for placing CNY Time Deposit with Eligible New Fund Balance during the Promotion Period.
Please refer to the promotion pagepromotion pagepromotion page for the calculation of Eligible New Fund Balance. Terms and Conditions apply to the CNY Time Deposit offer.
Cross-boundary WMC Introduction
Seize the cross-border opportunity
The Northbound Stream – eligible residents in Hong Kong and Macao can purchase eligible wealth management products distributed by mainland China banks through mainland China banks; The Southbound Stream – eligible residents in mainland China can purchase eligible wealth management products distributed by Hong Kong and Macao banks through Hong Kong and Macao banks.
Closed-loop cross-border remittance
Achieve closed-loop cross-border remittance through one-to-one pairing of remittance account and investment account to ensure that the relevant funds' usage will only be in investment in eligible wealth management products.
Investment quota
In the initial phase, the aggregate quota of Cross-boundary WMC Southbound and Northbound Stream is RMB 150 billion in each direction. The individual investor quota under the Southbound and Northbound Scheme is RMB 1 million respectively.How to help you capture
the cross-border investment edge?
Comprehensive network for investment
Our network covers Hong Kong and mainland China, allowing you to enjoy flexible cross-border wealth management services and always grasp the opportunities in the Greater Bay Area.
Diversified investment platform
Manage your cross-border investments with ease through e-banking, mobile app, customer service hotline or branch network.
Selected compliant products
Provides over 140 eligible cross-border wealth management products to choose from, including investment funds covering various assets and markets, bonds, RMB, HKD and Foreign Currency Deposits.
Timely market insight
Provide free market information and expert commentary to help you understand the latest market trends.| How to be ready and open an account to invest in Cross-boundary WMC? | ||
|---|---|---|
| Cross-boundary WMC Northbound
eligible residents in Hong Kong
|
Open Cross-boundary WMC Northbound Remittance Account at designated Hang Seng Hong Kong branches | Open Cross-boundary WMC Northbound Investment Account at designated Hang Seng China branches |
| Cross-boundary WMC Southbound eligible residents in the Greater Bay Area cities
|
Open Cross-boundary WMC Southbound Remittance Account at designated Hang Seng China branches | Open Cross-boundary WMC Southbound Investment Account at designated Hang Seng Hong Kong branches |
Be the first to catch the cross-border opportunity
Learn more from the following channels
Learn more from the following channels
Visit hangseng.com/wmc
Hang Seng Bank website>Banking>Cross-Border>Cross-boundary Wealth Management Connect
Hang Seng Bank website>Banking>Cross-Border>Cross-boundary Wealth Management Connect
Call Cross-boundary WMC Hotline (852) 2912 3456 (Hong Kong) / (86) 4001 20 3456 (mainland China)^
Visit designated branches*
^
Office hours: Monday to Friday, 9 a.m. to 6 p.m., except weekend and Hong Kong Public Holiday. The toll-free enquiry hotline allows you to contact us for free even while staying in mainland China. The toll-free hotline can be accessed from mobile lines, fixed telephone lines, payphones and call cards and is free of IDD charges. Please contact the relevant service supplier for details. Hang Seng Bank Limited (the "Bank") assumes no responsibilities for such service. Customer agrees to be bound by the terms and conditions for the service provided by service providers, which may be amended from time to time. For any claims, disputes and complaints regarding such service and information, customer should refer directly to service providers.
*
All street-level branches of Hang Seng Bank (except outlets in MTR stations, university branches & Tsz Wan Shan branch)
Notes:
- The document by itself is not and should not be considered as an offer, recommendation or solicitation to deal in any of the investment products or services mentioned herein.
- Hang Seng Bank Limited (the “Bank”) reserves the right to suspend, vary or terminate this promotion and the related offers and to amend their terms and conditions at any time without prior notice. In case of disputes, the decision of the Bank shall be final.
- The contents of this document have not been reviewed by any regulatory authority in Hong Kong.
- This material is not intended to provide or regard as legal or taxation advice, or investment recommendations.
This communication is for general information and reference only. It is not, and is not intended to be, a solicitation, recommendation, or advice on, or offer of, any investment services or products. Investors should note that all investments involve risks (including the possibility of loss of the capital invested). Prices or value of investment products may go up as well as down and past performance is not indicative of future performance. Investors should not only base on this material alone to make investment decisions, but should read the relevant offering documents of the investment products (including the full text of the risk factors stated therein) and risk disclosure statements of the relevant investment products in detail before making any investment decision. Investors should carefully consider whether an investment is suitable for them in view of their own investment objectives, investment experience, investment tenor, financial situation, risk tolerance abilities, tax implications and other needs, etc., and should understand the nature, terms and risks of the investment products. Investors should obtain independent professional advice if they have concerns about their investment. The contents of this communication have not been reviewed by any regulatory authority in Hong Kong.
If you are in doubt of our marketing and promotional activities and materials, please call customer service enquiry hotline for authentication.
RMB currency risk
RMB is subject to foreign exchange control and restrictions by the mainland Chinese central government. There may be additional rules, regulations and restrictions under contemplation or to be issued by any authorities in mainland China that may be relevant to RMB conversion. The Customer should take reasonable steps to check for updates and details before giving instructions for RMB conversion.
The exchange rate of RMB may vary from time to time. There is no guarantee that RMB will not depreciate. The exchange rate of RMB traded outside mainland China (“Offshore RMB”) will be affected by, amongst other things, foreign exchange control imposed by the mainland Chinese central government from time to time. The Customer will incur currency conversion costs (being the spread between the purchase and sale of Offshore RMB) and be subject to exchange rate fluctuation risks in any such currency conversion.
Foreign exchange risk
If the eligible products that are traded by the Customer are not denominated in RMB, the Customer may have to convert RMB into the relevant foreign currency when the Customer invests in that foreign currency denominated eligible product. The Customer will be exposed to exchange rate risk. Besides, if the relevant foreign currency is subject to exchange control, it is possible that the Customer may not receive the relevant foreign currency upon redemption or sale of the relevant foreign currency denominated eligible products. The relevant foreign currency denominated eligible products may also be subject to liquidity risk, credit and insolvency risks of the product issuers.
Risk Disclosure of Investment Funds
Investors should note that all investments involve risks (including the possibility of loss of the capital invested), prices or value of investment fund units may go up as well as down and past performance information presented is not indicative of future performance. Investors should read carefully and understand the relevant offering documents of the investment funds (including the fund details and full text of the risk factors stated therein) and the Notice to Customers for Fund Investing before making any investment decision. Investment funds are investment products and some may involve derivatives. Investors should carefully consider their own circumstances whether an investment is suitable for them in view of their own investment objectives, investment experience, preferred investment tenor, financial situation, risk tolerance abilities, tax implications and other needs, etc., and should understand the nature, terms and risks of the investment products. Investors should obtain independent professional advice if they have concerns about their investment.
Important risk warning for Bonds
Bonds are investment product. Bonds are not deposits and should not be treated as substitute for conventional time deposits. Investors who purchase bonds are exposed to the credit risk of the issuer and guarantor (if any) of the bonds. There is no assurance of protection against a default by the issuer/guarantor in respect of the repayment obligations. In the worst case scenario, any failure by the issuer and the guarantor (if any) to perform their respective obligations under the bonds when due may result in a total loss of all of your investment. Before making any investment decisions, investors should read the relevant offering documents of bonds (including the full text of the risk factors stated therein) and risk disclosure statements of bonds in detail.
Hang Seng China is incorporated in Mainland China and is not an authorized institution in Hong Kong as defined in the Banking Ordinance (Cap. 155 of the Laws of Hong Kong) and is not subject to the supervision of the Hong Kong Monetary Authority. Hang Seng China cannot carry on in Hong Kong any banking business or business of taking deposits. Any deposits maintained with Hang Seng China are not protected under the Deposit Protection Scheme in Hong Kong.
This website is provided by Hang Seng Bank Limited (the “Bank”). The Bank is regulated and authorised to carry out banking activities in Hong Kong SAR. The products and services represented within this website are intended for Hong Kong customers. This website is not intended for distribution or use by any person in any jurisdiction, country or region where the distribution or use of this material is restricted and would not be permitted by law or regulation. If you are outside of Hong Kong, we may not be authorised to offer or provide you with the products and services available through this website in the country or region you are located or resident in.
RMB is subject to foreign exchange control and restrictions by the mainland Chinese central government. There may be additional rules, regulations and restrictions under contemplation or to be issued by any authorities in mainland China that may be relevant to RMB conversion. The Customer should take reasonable steps to check for updates and details before giving instructions for RMB conversion.
The exchange rate of RMB may vary from time to time. There is no guarantee that RMB will not depreciate. The exchange rate of RMB traded outside mainland China (“Offshore RMB”) will be affected by, amongst other things, foreign exchange control imposed by the mainland Chinese central government from time to time. The Customer will incur currency conversion costs (being the spread between the purchase and sale of Offshore RMB) and be subject to exchange rate fluctuation risks in any such currency conversion.
Foreign exchange risk
If the eligible products that are traded by the Customer are not denominated in RMB, the Customer may have to convert RMB into the relevant foreign currency when the Customer invests in that foreign currency denominated eligible product. The Customer will be exposed to exchange rate risk. Besides, if the relevant foreign currency is subject to exchange control, it is possible that the Customer may not receive the relevant foreign currency upon redemption or sale of the relevant foreign currency denominated eligible products. The relevant foreign currency denominated eligible products may also be subject to liquidity risk, credit and insolvency risks of the product issuers.
Risk Disclosure of Investment Funds
Investors should note that all investments involve risks (including the possibility of loss of the capital invested), prices or value of investment fund units may go up as well as down and past performance information presented is not indicative of future performance. Investors should read carefully and understand the relevant offering documents of the investment funds (including the fund details and full text of the risk factors stated therein) and the Notice to Customers for Fund Investing before making any investment decision. Investment funds are investment products and some may involve derivatives. Investors should carefully consider their own circumstances whether an investment is suitable for them in view of their own investment objectives, investment experience, preferred investment tenor, financial situation, risk tolerance abilities, tax implications and other needs, etc., and should understand the nature, terms and risks of the investment products. Investors should obtain independent professional advice if they have concerns about their investment.
Important risk warning for Bonds
Bonds are investment product. Bonds are not deposits and should not be treated as substitute for conventional time deposits. Investors who purchase bonds are exposed to the credit risk of the issuer and guarantor (if any) of the bonds. There is no assurance of protection against a default by the issuer/guarantor in respect of the repayment obligations. In the worst case scenario, any failure by the issuer and the guarantor (if any) to perform their respective obligations under the bonds when due may result in a total loss of all of your investment. Before making any investment decisions, investors should read the relevant offering documents of bonds (including the full text of the risk factors stated therein) and risk disclosure statements of bonds in detail.
Hang Seng China is incorporated in Mainland China and is not an authorized institution in Hong Kong as defined in the Banking Ordinance (Cap. 155 of the Laws of Hong Kong) and is not subject to the supervision of the Hong Kong Monetary Authority. Hang Seng China cannot carry on in Hong Kong any banking business or business of taking deposits. Any deposits maintained with Hang Seng China are not protected under the Deposit Protection Scheme in Hong Kong.
This website is provided by Hang Seng Bank Limited (the “Bank”). The Bank is regulated and authorised to carry out banking activities in Hong Kong SAR. The products and services represented within this website are intended for Hong Kong customers. This website is not intended for distribution or use by any person in any jurisdiction, country or region where the distribution or use of this material is restricted and would not be permitted by law or regulation. If you are outside of Hong Kong, we may not be authorised to offer or provide you with the products and services available through this website in the country or region you are located or resident in.