Today news
About the same in other media
HSBC and 18 other banks can now sell wealth investment products in the Greater Bay Area
Reading now: 545
cnbc.comHSBC and Standard Chartered Bank are among more than a dozen lenders that can start selling investment products from Tuesday, under a new cross-border investment scheme that connects capital markets in the Greater Bay Area.
It comes as China continues to reform the mainland's capital markets and raise their accessibility to international investors.
The Hong Kong Monetary Authority has approved 19 Hong Kong lenders under the Wealth Management Connect Scheme (WMC), which allows them to sell investment products in the Greater Bay Area — comprising of Guangdong province as well as the special administrative regions of Hong Kong and Macao.
This will mark the first time retail investors can engage in cross-boundary investments, according to Eddie
Read more on cnbc.comAbout this in other media
Consumers in China pick their 3 favorite electric cars — and only one is Chinese cnbc.com /3 years ago
Asia-Pacific leads the world in NFT searches on Google cointelegraph.com /3 years ago
The Sandbox: SAND could rise to $4 before correction sets in ambcrypto.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
