Regulatory Alerts2025-06-12
Added · Updated
Promotion and Sale Arrangements under the Southbound Scheme of the Cross-boundary Wealth Management Connect Pilot Scheme
The Hong Kong Monetary Authority clarifies the promotion and sale arrangements for the Southbound Scheme of the Cross-boundary Wealth Management Connect Pilot Scheme. Mainland partner banks may facilitate three-party dialogues with Hong Kong banks to introduce eligible wealth management products, provided they comply with Mainland regulatory requirements and do not represent themselves as Hong Kong bank agents. Hong Kong banks must adhere to suitability obligations and clearly define responsibilities in cooperation agreements with Mainland partners.
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