Hong Kong Monetary Authority: "Wealth Management Connect 2.0" has attracted over 160,000 individual investors.
Christopher Hui, Chief Executive of the Hong Kong Monetary Authority, wrote on the 4th that since the implementation of the "Wealth Management Connect 2.0" optimization measures, the market response has been positive. As of the end of June this year, more than 160,000 individual investors have participated, an increase of over 120% compared to "Wealth Management Connect 1.0". As for the Southbound channel, the market value of investments held by Hong Kong participating institutions exceeds 16 billion RMB, doubling compared to "Wealth Management Connect 1.0". Hui said that as Southbound investors deepen their understanding of Hong Kong market products and increasingly focus on diversified investments, their product choices are gradually becoming more diverse, shifting from deposit-based products in the early stages to more and more allocations in funds and bond products.
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