Apr 24, 2024 08:47 PM

FINANCE

Chinese Mainlanders Flock to Hong Kong’s Wealth Management Market

By Qing Na and Wang Xiaoqing

00:00

00:00/00:00

Listen to this article 1x

The number of new Chinese mainland investors participating in the wealth management connect (WMC) program with Hong Kong and Macao surged nearly 13-fold in March from the month before, thanks to relaxed regulations.

The cross-border program saw a record 23,200-plus new mainland investors last month, data released Tuesday by the People’s Bank of China’s Guangdong branch show.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Sinopec and Saudi Aramco Launch $10 Billion Petrochemical Venture in Fujian

2: Cover Story: How the Yuan is Taking Over the Dollar’s Role in Global Trade

3: Chinese Regions Dial Back Car Subsidies as Funds Dry Up

4: Exclusive: Ex-CSRC Chief Yi Huiman Faces Corruption Probe Likely Linked to ICBC

5: Finance Movers and Shakers: Former Securities Watchdog Chief Yi Huiman Under Graft Probe

SPONSORED

OR