The Hong Kong Securities and Futures Commission expanded its cross-border wealth connect scheme to include brokers, according to a statement released Friday.
The SFC named 14 securities companies that will participate in the scheme and offer cross-boundary investment services for investors in the Greater Bay Area comprising Guangdong, Hong Kong, and Macau.
Among them are the Hong Kong units of China International Capital Corp. (HKG:3908, SHA:601995), CITIC Securities (HKG:6030, SHA:600030), China Industrial Securities International Financial Group (HKG:6058), GF Securities (HKG:1776, SHE:000776), Guosen Securities (SHE:002736), Guotai Junan Securities (HKG:2611, SHA:601211), Huatai Securities (HKG:6886, SHA:601688), and Shenwan Hongyuan (HKG:6806, SHE:000166), the regulator said.
The companies will work with partner brokerages in mainland China, the SFC said.
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