Assessed as “non-complex” and “low” risk to “medium” risk products:
(1) Funds domiciled in Hong Kong Fund search
(2) Bonds
The newly announced Wealth Management Connect Pilot Scheme lets you tap into more potential for growth across the Mainland Greater Bay Area (“GBA”). Thanks to this new pilot scheme, you can invest in cross-boundary wealth management products offered by financial institutions in the GBA.
For Mainland GBA residents*
Eligible customers can open a dedicated investment account in Hong Kong and Macao banks and remit funds through a closed-loop system to purchase eligible investment products sold by Hong Kong and Macao banks. Each eligible Southbound investor can only open one Mainland Remittance Account and one Southbound Account at any time.
* The Greater Bay Area comprises the nine municipalities of Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing in Guangdong Province.
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Aggregate quota The aggregate quota for the Southbound Scheme is initially set at RMB 150 billion -
Individual investor quota The Individual investor quota for each investor is RMB 1 million
Individual investor quota calculation:
Usage of individual investor quota
under Southbound Connect = Cumulative remittances
from the Mainland to HK and Macao - Cumulative remittances
from HK and Macao back to the Mainland
under Southbound Connect = Cumulative remittances
from the Mainland to HK and Macao - Cumulative remittances
from HK and Macao back to the Mainland
Wealth management products under Southbound Connect include
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Investment products (excluding products listed and traded on the Hong Kong Exchanges and Clearing Limited)
Assessed as “non-complex” and “low” risk to “medium” risk products:
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Deposits
RMB, HKD and foreign currency deposits namely US dollar, Euro, UK Pound Sterling, Australian dollar, New Zealand dollar, Canadian dollar, Swiss Franc, Japanese Yen and Singapore dollar.
Why partner with DBS for your Wealth Management Connect journey
Best of Investment Choices
Intelligent Digital Journeys
Exceptional Customer Service
DBS, PSBC and SRCB
Your partners for success in the Greater Bay Area
To bring you a first-rate experience, we’ve partnered with PSBC, SRCB and DBS China in the GBA WMC Southbound Scheme. These partnerships let us deliver seamless service to help you explore opportunities between the Mainland and Hong Kong.
You can choose either one of our Mainland partner banks to open the Wealth Management Connect Account
How Wealth Management Connect can benefit you
Diversify your portfolio and grow your wealth with DBS Hong Kong’s wide range of eligible Wealth Management Connect products with different risk ratings.
Hong Kong residents can open a dedicated remittance account in their place of residence and remit funds through a closed-loop system to purchase eligible wealth management products sold by China banks in GBA Cities*. Each eligible Northbound investor can only open one Remittance Account and one Northbound Account at any time.
*GBA cities refer to nine municipalities of Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing in Guangdong Province
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Aggregate quota The aggregate quota for the Northbound Scheme is initially set at RMB 150 billion -
Individual investor quota The Individual investor quota for each investor is RMB 1 million
Individual investor quota calculation:
Usage of individual investor quota
under Northbound Connect = Cumulative remittances
from HK to the Mainland - Cumulative remittances
from the Mainland back to HK
under Northbound Connect = Cumulative remittances
from HK to the Mainland - Cumulative remittances
from the Mainland back to HK
Investment products under Northbound Connect include
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As assessed by mainland public fund managers and mainland distributing banks to carry a risk rating of 'R1' to 'R3'
Why partner with DBS for your Wealth Management Connect journey
Offer different investment choices
Excellent Customer Service
DBS
Your partners for success in the Greater Bay Area
To bring you a first-rate experience, we’ve partnered DBS China in the GBA WMC Northbound Scheme. The partnership lets us deliver seamless service to help you explore opportunities between the Mainland and Hong Kong.
How Wealth Management Connect can benefit you
Diversify your portfolio and grow your wealth with DBS Hong Kong’s wide range of eligible Wealth Management Connect products with different risk ratings.
