Wealth Management Connect - Considerations for the asset and wealth management (AWM) industry

October 2020

Earlier this year, authorities in Mainland China, Hong Kong SAR and Macau SAR formally announced the launch of the Wealth Management Connect pilot scheme in the Greater Bay Area (GBA). This scheme, when eventually launched, will add to the necessary infrastructure to further bolster cross-boundary fund flows between Mainland China, Hong Kong SAR and Macau SAR. While there are various licenses, programs and quotas to access specific sub-segments of the Asset and Wealth Management (AWM) market in Mainland China already, this scheme will provide global, regional and local asset and wealth managers, who have long viewed Mainland China as a hugely attractive market, another avenue to tap into the wealth management market.

In anticipation of the launch, market participants in the AWM industry should consider how to position themselves for this ground-breaking scheme in order to capture the opportunities which will emerge. Find out more on our points of view on the fundamentals asset and wealth managers should be considering, given the large role they will play in the overall development and success of the Wealth Management Connect pilot scheme.

Contact us

Marie-Anne Kong

Hong Kong Asset and Wealth Management Leader, PwC Hong Kong

Tel: +[852] 2289 2707

Jane Xue

China Asset and Wealth Management Leader, PwC China

Tel: +[86] (21) 2323 3277

Julie Chan

Partner, PwC Hong Kong

Tel: +[852] 2289 2432

Rex Ho

Asia Pacific Financial Services Tax Leader, PwC Hong Kong

Tel: +[852] 2289 3026

Gary Ng

Partner, PwC Hong Kong

Tel: +[852] 2289 2967