SFC unveils enhancements to facilitate client interaction under Cross-boundary Wealth Management Connect

The Securities and Futures Commission (SFC) has announced key enhancements to the Cross-boundary Wealth Management Connect Scheme to facilitate better communication between licensed firms and their clients. Major improvements include allowing one-off client consent valid for one year—enabling product explanations for non-present Southbound investors—permitting online three-way meetings between clients, mainland partners, and Hong Kong firms, and allowing the sharing of partner-prepared research reports. These changes aim to improve investor experience and support informed decision-making, reinforcing the scheme’s role in Greater Bay Area financial connectivity.