"Cross-border Wealth Management Connect" sold for one week HSBC helps residents in the Greater Bay Area drink "head soup"

Chen Qingyao, General Manager of HSBC Guangdong-Hong Kong-Macao Greater Bay Area Business Unit

"The types of wealth management products in Hong Kong and Macao are more diversified than in China, and they can also be invested in major global financial markets such as Europe and the Asia-Pacific region, and after the opening of this channel, it is more convenient to realize the global allocation of assets." Some Guangzhou investors said happily.

"There are a lot of stable RMB wealth management products in the mainland, which are very attractive, and I plan to allocate some." Some Hong Kong investors mentioned.

What attracts residents from the three places in the Guangdong-Hong Kong-Macao Greater Bay Area to drink the "head soup" is the "Cross-border Wealth Management Connect" that was launched on October 19!

As one of the first banks to be approved to participate in the business pilot, HSBC officially launched the "Cross-border Wealth Management Connect" service in mainland cities in the Greater Bay Area and Hong Kong on the day of its business launch, helping residents in the region to seize wealth opportunities through this cross-border investment mechanism in the first place.

Diversified asset allocation Enjoy the development dividends of the Greater Bay Area

"Don't put your eggs in the same basket." This sentence always reminds investors that they should pay attention to the diversification of asset investment allocation to diversify risks and achieve wealth preservation and appreciation.

As a dividend for the integrated development of the Guangdong-Hong Kong-Macao Greater Bay Area, cross-border wealth management connect is another investment facilitation measure to broaden the cross-market asset allocation of residents in the Greater Bay Area after QFII, QDII, Equity Connect, Mutual Recognition of Funds and Bond Connect, providing residents in the region with more diversified wealth management product choices.

"The financial markets of Guangdong and Hong Kong are extremely complementary, and for mainland investors, the biggest attraction of cross-border wealth management is that Hong Kong's investment and wealth management products can help them allocate assets around the world; for Hong Kong and Macao residents, the mainland's economy is developing steadily and the value of the RENMINBI is relatively stable, making rmb assets more attractive." Chen Qingyao, General Manager of HSBC's Guangdong-Hong Kong-Macao Greater Bay Area Business Unit, said. On the first day of the launch of the "Cross-border Wealth Management Connect" business, he also successfully opened an account as the first batch of customers at the HSBC "Cross-border Wealth Management Connect" Center in Guangzhou.

Convenient service

Unlock new opportunities for wealth

What products can investors in the Guangdong-Hong Kong-Macao Greater Bay Area buy through the "Cross-border Wealth Management Connect"? According to relevant regulations, the current products launched by "Northbound Pass" and "Southbound Connect" are mainly medium- and low-risk products. The first batch of pilot banks launched hundreds of products to meet the cross-border investment needs of residents in the region.

In order to welcome the opening of the "Cross-border Wealth Management Connect", HSBC has made full preparations in terms of manpower, facilities, systems, products and services. In about 30 minutes, it will take 26 Cross-Border Wealth Management Hubs in mainland cities in the Greater Bay Area to complete the "Southbound Connect" account opening between Guangdong and Hong Kong for customers. In Hong Kong, account opening services are available at all HSBC retail outlets, including more than 30 Cross-Border Wealth Management Centres.

After successful account opening, customers can make cross-border investments and manage asset allocation anytime and anywhere through digital mobile service platforms such as mobile banking and online banking. In addition, HSBC has set up about 60 "Cross-border Wealth Management" centres in its service outlets in the Greater Bay Area, with dedicated service teams to provide customers with services such as account opening and business consulting.

In terms of products, HSBC also provides investors with a wealth of options. Among the more than 100 selected wealth management products offered in the first batch, Southbound clients can invest in multi-currency money market funds and multi-asset funds managed by global fund managers, bonds issued by international corporations and government agencies and deposit products in 11 currencies; Northbound customers can choose from multiple hybrid funds and bond funds managed by high-performing fund managers.

In addition, HSBC offers other benefits to Cross-Border Wealth Management customers, such as waiving the handling fee for transfers from HSBC's accounts of the same name to cross-border banking through Mobile Banking and Internet Banking.

Cross-border linkage

Serve the integrated development of the Greater Bay Area

With the continuous improvement of infrastructure in the Guangdong-Hong Kong-Macao Greater Bay Area and the introduction of many convenient policies, the integrated development of Guangdong, Hong Kong and Macao is deepening. The demand for cross-border financial services for residents in the region has also increased rapidly.

In addition to providing efficient and convenient services for residents in the region to participate in the Cross-Border Wealth Management Connect, HSBC is also committed to creating comprehensive wealth management and personal banking services in the Greater Bay Area.

HSBC has an advantage in serving the cross-border financial services needs of residents of the Greater Bay Area. HSBC's retail and wealth management business in Hong Kong occupies a leading position in terms of customer size, product range and service network. In mainland cities in the Greater Bay Area, HSBC has a medium to extensive business network of foreign banks, and has accelerated the layout of retail business in the past few years, launching its own brand credit cards, establishing branches of "HSBC Life" in Guangzhou and Shenzhen, and launching the first Greater Bay Area theme credit card "HSBC Ju Series Credit Card" among foreign banks at the end of 2019.

In addition, HSBC is also further enhancing its service capabilities in mainland cities in the Greater Bay Area by hiring additional manpower and strengthening the construction of digital channels, and accelerating the pace of business expansion by further linking service resources and business teams in Guangdong and Hong Kong. With its service advantages in the Guangdong-Hong Kong-Macao Greater Bay Area, HSBC is committed to becoming a leading bank serving the integrated development of the Greater Bay Area.