China plans wealth management connect in GBA

Rebecca Feng

June 30, 2020 09:15 am

GBA_bridge_PA_575X375_30Jun20 — (191005) -- GUANGZHOU, Oct. 5, 2019 (Xinhua) -- Aerial photo taken on July 11, 2018 shows the Hong Kong-Zhuhai-Macao Bridge in south China. (Xinhua/Liang Xu) | Liang Xu/Xinhua News Agency/PA Images

The People’s Bank of China and its Hong Kong and Macau counterparts jointly announced plans to establish a wealth management connect scheme this week. While short on details, the move marks another step towards opening up China's capital markets.

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Topics

Asia Market news China People and Markets Market News Hong Kong SAR Asia Greater China Macau SAR Northeast Asia China Asia Pacific EM People and Markets Emerging Markets China People and Markets

RF

Rebecca Feng