Connecting Hong Kong, Macau and 9 cities in Guangdong, the Greater Bay Area (GBA) initiative aims to bring together the strengths of each city to form a world class city cluster. The objective is to create an international innovation, finance and trade hub which will bring vast opportunities. OCBC Bank helps you tap into the opportunities with flexible wealth management solutions which include the Greater Bay Area Wealth Management Connect (“Wealth Management Connect”).
An opportunity to invest in wealth management solutions across boundaries in the Greater Bay Area as a way to diversify your portfolio and tap into the prosperous future of the Greater Bay Area economies.
Wealth Management Connect (''WMC'') refers to the arrangement under which individual residents in the Greater Bay Area carry out cross-boundary investment in wealth management products distributed by banks in the Greater Bay Area. The scheme has a southbound and a northbound components, depending on the residency of the investors.
Under Southbound Scheme, residents of mainland China cities in the Greater Bay Area can invest in eligible investment products distributed by banks in Hong Kong and Macau by opening designated investment accounts with these banks; under Northbound Scheme, residents of Hong Kong and Macau can invest in eligible wealth management products distributed by designated WMC partner banks in the Greater Bay Area (''WMC Partner Banks'') by opening designated investment accounts with these banks.
For more information on Wealth Management Connect, please visit the website of Macau Monetary Authority.