Bank wealth management opens floodgates with low-key qualifications for two major businesses.

Bank wealth management welcomes good news, and recently two major business qualifications quietly opened. Securities Times reporter exclusively learned that bank wealth management companies were recently introduced into the interbank foreign exchange market for the first time, completing the first transaction of wealth management funds in that market on June 16th; at the same time, three wealth management companies have quietly obtained the first batch of qualifications for Bond Connect "Southbound Connect" participation, with the first transaction landing at the end of last month. Specifically, the first transaction of bank wealth management in the interbank foreign exchange market was reached by CCB Wealth Management relying on the foreign exchange trading center platform with Bank of China, with the business variety being spot and forward transactions of USD against CHF. The first transaction of bank wealth management in Bond Connect "Southbound Connect" was reached by CMB Wealth Management and the Hong Kong branch of Bank of Communications. According to the Hong Kong branch of Bank of Communications, after the expansion of participation entities in Bond Connect "Southbound Connect", the branch actively connected with wealth management companies and quickly completed the relevant transaction preparation process. According to the exclusive confirmation from multiple industry sources by the reporter, the other two wealth management companies that obtained the first batch of qualifications for Bond Connect "Southbound Connect" are two state-owned bank wealth management companies.