Breaking down financial barriers just got real! 🌐 The upgraded Cross-boundary Wealth Management Connect (WMC) launched this week, letting residents of the Chinese mainland, Hong Kong, and Macao trade financial products like never before in the Guangdong-Hong Kong-Macao Greater Bay Area.
💡 Why it matters: Lower entry barriers + more investment options = easier money moves across borders. Think of it as your golden ticket to diverse portfolios without the passport hassle!
💬 \"This turbocharges cross-border investing while boosting regional connectivity,\" says Guosen Securities analyst Wang Kai. China International Capital Corporation’s Ye Jingni adds: \"Tap global markets via one-click app setups—no flights needed! ✈️💸\"
By October 2024, over 120,000 investors (50k+ from Hong Kong/Macao | 70k+ mainland) joined the party, moving ¥95B+ through compliant channels. Talk about leveling up your #FinanceGame! 🚀📈
Reference(s):
Cross-border financial products now accessible via securities firms
cgtn.com