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Cross-Boundary Wealth Management Connect (Northbound)

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Cross-Boundary Wealth Management Connect (Northbound)

BEA Cross-Boundary Wealth Management Connect (Northbound)

Powering Investments from a local perspective

What is WMC?

The Bank of East Asia Limited (“BEA”) launches the Cross-boundary Wealth Management Connect (“WMC”) services – Northbound by partnering with The Bank of East Asia (China) Limited (“BEACN”) ¹ . Eligible Hong Kong investor can invest in eligible wealth management products distributed by Mainland partner bank upon successfully opening designated accounts.

Northbound Scheme Eligible Investor:

Hold a Hong Kong Identity Card (including both permanent and non-permanent residents;
Invest in their personal capacity (but not as joint-name or corporate customers); and
Be assessed by Hong Kong banks as not being a vulnerable customer².

Eligible Wealth Management Products

Public securities investment funds being assessed by Mainland public fund managers and Mainland partner bank as products with risk rating of “R1” to “R4” (excluding commodity futures funds)

RMB-denominated deposit products distributed by Mainland partner bank

Learn more about WMC from Mainland partner bank

Visit the BEACN website

*The investment products offered by Mainland partner bank have not been authorized by the Securities and Futures Commission (“SFC”) and the relevant offering documents have not been examined by the SFC, and that investors should exercise caution in relation to such offer.

Account Opening Procedure

*If an investor simultaneously selects both a bank and a securities firm for investment under WMC Northbound Scheme, the individual investor quota allocated between the bank and the securities firm will be RMB 1.5 million each.

Enquiry and Appointment

For any enquiries about WMC, please contact (852) 2211 1133
BEA Mainland toll-free hotline 400 8427695
Follow our WeChat Official Account, to learn more about WMC
For the remittance cut-off time, please click here

WMC Northbound customers can enjoy the privilege below:

Remittance fee discount

¹The Bank of East Asia (China) Limited ("BEACN") is our cooperating bank in Chinese Mainland for BEA GBA Wealth Management Connect Services. BEACN is not authorised institutions as defined in the Hong Kong Banking Ordinance and are not subject to the supervision of the Hong Kong Monetary Authority. BEACN cannot carry on any banking business or business of taking deposits in Hong Kong. Any deposits maintained with BEACN is not protected under the Deposit Protection Scheme in Hong Kong.

²Vulnerable customer refers to a customer whose ability to understand the associated risks of his/her investment and withstand the potential losses of the investment is limited. In determining whether a customer is a vulnerable customer, banks will take a holistic view of the circumstances of the customer, including the level of financial sophistication (e.g. investment experience), the state of mind (e.g. ability to make investment decision) and the level of wealth.

³Applications for the Cross-boundary Wealth Management Connect Northbound Scheme are currently only accepted at the Shenzhen Branch (excluding non-Shenzhen sub-branches), applications will progressively open in other Greater Bay Area cities. Please stay tuned for further updates.

Important Notes:

The above is factual information about WMC, which does not constitute any solicitation, recommendation, or active marketing. Regarding the regulation on WMC, please refer to the announcements of regulators in Hong Kong and Chinese Mainland. Please read our Cross-boundary Wealth Management Connect (Northbound) Notice Relating to Wealth Management Connect Multi-Currency Statement Savings Accounts before you proceed to open WMC account.

All investments involve risks. The information and materials contained in this website are intended solely for informational purposes and does not constitute an offer, solicitation, invitation, or advice to subscribe to any securities or investment products.