Billions of dollars worth of link! China opens cross-border wealth management in Greater Bay Area

The programme enables residents of Hong Kong and Macau to buy mainland investment products sold by banks in the Greater Bay Area, while allowing residents of nine Guangdong cities to buy those sold by banks in the two offshore centres.

Among Guandong cities included in the plan are Guangzhou, Shenzhen, Zhuhai and Foshan. Initially, net cash flows in either direction will be limited to 150 billion yuan, and the individual investment quota is 1 million yuan.

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