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HKMA Discussing Optimization of 'Cross-boundary WMC' with Mainland Authorities
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Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), said that the "Cross-boundary Wealth Management Connect (WMC) 2.0", which took effect at the end of February this year, was only fully implemented for the participation of mainland brokers in the past one or two weeks, according to Hong Kong media reports. The HKMA has begun discussions with mainland authorities on optimizing the "WMC 2.0", including the types of investable products, investment quotas, the process of selling products, and promotion. AAStocks Financial News |
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