Regulatory Alerts2024-01-24
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Amendments to Implementation Arrangements for the Cross-boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area
The Securities and Futures Commission issued amendments to the Implementation Arrangements for the Cross-boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area on January 24, 2024. These regulatory updates establish the specific requirements governing the Northbound Scheme, which allows eligible Mainland residents to invest in wealth management products from Hong Kong. The document serves as the primary regulatory framework for authorized institutions participating in this cross-border investment initiative.
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