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Banks in Hong Kong welcome Wealth Connect clarity in details by PBoC

Banks in Hong Kong have welcomed the announcement of details for the Wealth Management Connect (WMC) scheme in the Greater Bay Area (GBA). Such details will facilitate their preparation for the latest addition to the cross-border investment connect scheme, after years of anticipation. The Guangzhou branch of the People’s Bank of China (PBoC) has published the public consultation draft on…

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