The list of 14 securities companies participating in the first batch of the "Cross-Border Wealth Management Connect" pilot program has been released
On November 1st, the Guangdong Branch of the People's Bank of China, the Shenzhen Regulatory Bureau, and others jointly announced that 14 securities companies have become the first batch of pilot participants in the "Cross-Border Wealth Management Connect." These 14 securities companies include CMS, GF SEC, and GUOSEN SECURITIES, which will collaborate with institutions recognized by the Hong Kong Securities and Futures Commission to serve the cross-border investment needs of residents in the Guangdong-Hong Kong-Macao Greater Bay Area and promote the interconnection of regional financial markets. The China Securities Regulatory Commission will continue to track and evaluate the pilot's effectiveness and improve service quality
According to the Zhitong Finance APP, on November 1, the Guangdong Branch and Shenzhen Branch of the People's Bank of China, along with the Guangdong Regulatory Bureau and Shenzhen Regulatory Bureau of the China Securities Regulatory Commission, jointly announced that 14 securities companies, including CMS, GF SEC, GUOSEN SECURITIES, Ping An Securities, CICC Wealth, Guotou Securities, CITIC South China, Guotai Junan, Huatai Securities, CITIC JianTou, Galaxy Securities, Shenwan Hongyuan, Zhongtai Securities, and Industrial Securities, have become the first batch of pilot securities companies participating in the "Cross-Border Wealth Management Connect."
The original text is as follows:
Securities Companies Pilot Participation in the Guangdong-Hong Kong-Macao Greater Bay Area "Cross-Border Wealth Management Connect" Business to Promote Financial Market Connectivity
On November 1, the Guangdong Branch and Shenzhen Branch of the People's Bank of China, along with the Guangdong Regulatory Bureau and Shenzhen Regulatory Bureau of the China Securities Regulatory Commission, jointly announced that 14 securities companies, including CMS, GF SEC, GUOSEN SECURITIES, Ping An Securities, CICC Wealth, Guotou Securities, CITIC South China, Guotai Junan, Huatai Securities, CITIC JianTou, Galaxy Securities, Shenwan Hongyuan, Zhongtai Securities, and Industrial Securities, have become the first batch of pilot securities companies participating in the "Cross-Border Wealth Management Connect."
In order to implement the national strategy for building the Guangdong-Hong Kong-Macao Greater Bay Area and deepen financial cooperation in the region, the China Securities Regulatory Commission, in close cooperation with the People's Bank of China, the National Financial Regulatory Administration, and the Hong Kong Securities and Futures Commission, is steadily promoting the participation of securities companies in the pilot of the "Cross-Border Wealth Management Connect" in the Greater Bay Area, according to the optimized arrangements of the "Implementation Rules for the Pilot of the Cross-Border Wealth Management Connect in the Guangdong-Hong Kong-Macao Greater Bay Area." After systematic evaluation and acceptance, the 14 securities companies have completed their business and system preparations, becoming the first batch of pilot securities companies to carry out the "Cross-Border Wealth Management Connect." These 14 securities companies will cooperate with institutions recognized by the Hong Kong Securities and Futures Commission to serve the cross-border investment needs of Greater Bay Area residents and promote the connectivity of the financial markets in the Guangdong-Hong Kong-Macao region.
In the next step, the China Securities Regulatory Commission will continue to track and evaluate the pilot effects in conjunction with relevant units, continuously improve the pilot of the "Cross-Border Wealth Management Connect" for securities companies, enhance service quality, and further deepen financial cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area.
This article is compiled from the official website of the "China Securities Regulatory Commission," edited by Jiang Yuanhua of Zhitong Finance.
