China Expands Choice of Hong Kong, Macao Investment Products for Mainlanders

China has widened the array of investment products in Hong Kong and Macao available to eligible Chinese mainland investors through the upgraded cross-border wealth management connect (WMC) program while easing restrictions on their eligibility and investments.

The upgraded version, effective from Feb. 26, has expanded the scope of eligible investment products in Hong Kong and Macao to include certain “non-complex” fund products primarily investing in Greater China equity or assessed as high-risk, according to both cities’ monetary authorities.