Southbound clients gain access to remote product briefings and three-party dialogues under new framework by the regulator.
The Securities and Futures Commission (SFC), Hong Kong’s market regulator, has enhanced its Cross-boundary Wealth Management Connect Pilot Scheme to advance closer communication between participating licensed corporations (LCs) and their clients. According to SFC, the above arrangements also apply to the Northbound Scheme The scheme refers to Southbound Scheme clients as mainland China investors who have opened dedicated investment accounts with the LCs and have opened or designated th