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Last updated: 25 November 2021  
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Press Release 07 May 2021

The Hong Kong Association of Banks (HKAB) welcomes the Wealth Management Connect Scheme draft rules published on 6 May



(7 May 2021) "Over the years, Hong Kong has played a crucial role in connecting mainland China with the global financial market. The banking sector has been actively supporting the mutual market connectivity schemes including the Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect and Bond Connect." 

"The launch of the Wealth Management Connect will further facilitate cross border investment and financial cooperation in the Greater Bay Area (GBA) and deepen Renminbi internationalisation, thereby reinforcing Hong Kong's status as an international financial center. The Scheme is expected to provide huge opportunities for banks in Hong Kong to extend their offerings in the GBA. HKAB will study the consultation paper and will continue to communicate with different stakeholders for a timely implementation in due course." 

The Hong Kong Association of Banks 

 

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