Regulatory Alerts2025-03-21
Added · Updated
Provision of Southbound Scheme Services under Cross-boundary Wealth Management Connect Pilot Scheme by Authorized Institutions Incorporated Outside Hong Kong
The Hong Kong Monetary Authority issued this circular to authorize authorized institutions incorporated outside Hong Kong to provide Southbound Scheme services under the Cross-boundary Wealth Management Connect Pilot Scheme. This regulatory guidance supersedes the previous version dated 31 May 2024 and establishes the operational framework for these cross-border financial activities. The document ensures compliance with investor protection measures and implementation arrangements for the Guangdong-Hong Kong-Macao Greater Bay Area initiative.
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