SFC unveils first batch of brokers joining Wealth Management Connect Pilot Scheme

The Securities and Futures Commission (SFC) announced that 14 licensed corporations are eligible to participate in the Cross-boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area. These firms will provide cross-border investment services in collaboration with approved Mainland partner brokers. SFC CEO Julia Leung highlighted this as a milestone for the brokerage industry, emphasizing the scheme’s role in enhancing financial market connectivity and fostering Hong Kong’s wealth management sector. The SFC will monitor the scheme and regularly update the list of eligible corporations.

Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR186