The Cross-boundary Wealth Management Connect Pilot Scheme (WMC) in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) has raised questions over how banks can remain compliant when conducting marketing in other jurisdictions and which products are eligible. The People’s Bank of China (PBoC) and Hong Kong Monetary Authority (HKMA) promulgated WMC in September after a public consultation by the Guangdong branch of…
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