The Hong Kong Monetary Authority (HKMA) said it has received 20 applications from banks interested in selling more than 100 different types of investment funds to mainland investors through the US$46.5 billion Wealth Management Connect scheme, taking them a step closer to the products’ launch.The Wealth Management Connect links up Hong Kong, Macau and nine cities in Guangdong – known collectively as the Greater Bay Area (GBA) – and represents regulators’ efforts to promote capital flow across…
