Cross-boundary Wealth Management Connect (WMC) provides cross-boundary financial and wealth management services. Individual investors in the Guangdong-Hong Kong-Macau Greater Bay Area ("GBA") can purchase eligible cross-boundary wealth management products offered by banks in the GBA.
Cross-boundary WMC has a southbound and a northbound stream, depending on the residency of the investors. Southbound Service is available to residents in mainland China cities to purchase wealth management products issued or distributed by eligible Hong Kong banks. Northbound Service is available to residents in Hong Kong and Macau to purchase wealth management products issued or distributed by eligible mainland China banks.