The Hong Kong retail bank is expanding its eligible product offerings to investors in the Greater Bay Area through the cross-boundary Wealth Management Connect’s Southbound scheme.
Hong Kong-based CMB Wing Lung Bank is planning to include structured deposits in its eligible investment product offering to mainland China investors through the cross-boundary Wealth Management Connect Scheme’s Southbound channel. In its notice of amendment filing dated 26 September, the Hong Kong bank updated its terms and conditions for the scheme, removing the lines stating that structured deposits were previously excluded from permitted investment products through the Southbound chan