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Wealth Management Connect 2.0: Bigger quotas, more products

An enhanced Wealth Management Connect (WMC) scheme between Hong Kong and the rest of the Greater Bay Area (GBA) will boast bigger personal investment quotas, more products, and new participants when it is rolled out in late February. However, much of the hyped scheme’s aggregate quota remains unused. Hong Kong’s Securities and Futures Commission (SFC) issued new guidance on Wednesday…

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