On Friday, China fired the starting gun on Wealth Management Connect (WMC), which binds Hong Kong more tightly to the southern province of Guangdong.
The cross-border scheme aims to tick a lot of boxes, from promoting the global use of China’s currency, to boosting Hong Kong’s role as a hub for offshore yuan, to allowing millions of mainlanders to buy offshore investment products.
There is a lot of wheat to separate from chaff, so here is our pick of the crop.
1.
Thanks for your interest in Euromoney!
To unlock this article:
