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Wealth Management Connect ready to launch once travel bans lifted

The Wealth Management Connect (WMC) scheme will be launched once COVID-19 related bans on travel between mainland China, Hong Kong and Macau are lifted, according to Bai Hexiang, the head of the PBoC’s Guangzhou branch. In a recent interview with Commercial Radio Hong Kong, Bai said the preparations for implementing the WMC scheme are basically completed and both North-bound and…

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