Mainland China allows cross-border wealth flows with Hong Kong, Macau

Mainland China allows cross-border wealth flows with Hong Kong, Macau

HONG KONG — The Chinese mainland moved to further deepen its economic ties to Hong Kong, allowing two-way, cross-border purchases of wealth products. As per detailed announced, a pilot program will facilitate cross-border purchase of wealth management products (WMPs) by residents in the Guangdong-Hong Kong-Macau Greater Bay Area, the country’s central bank said Monday. Regulators […]