Hong Kong’s Financial Ties to Mainland China Deepen as Wealth Link Launches

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Hong Kong and mainland China took a step toward even greater financial integration, with the start of a cross-border investment program for individuals known as “Wealth Management Connect.”

The arrangement lets mainlanders in nine cities in the southern province of Guangdong buy investment products in neighboring Hong Kong and Macau, while individual investors in those two cities will be able to buy onshore products. The wealth link, launched Friday, forms part of China’s plans under President Xi Jinpingto more closely integrate the region, which is known as the Greater Bay Area.

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