Brokers added to wealth connect scheme between Hong Kong and mainland China
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 01 2024
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Source: Reuters
Expansion of Wealth Connect Scheme: China and Hong Kong have expanded the cross-border wealth connect scheme to include services from 14 selected securities firms, allowing mainland residents more offshore investment options through brokers.
Investment Trends and Data: Since the scheme's launch, there has been a significant increase in transactions between mainland and Hong Kong banks, with 85.7 billion yuan recorded, although recent trends show a slight easing in volumes due to local bank rate adjustments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
