China Signals Wealth Connect With Hong Kong Nears Kick Off By Bloomberg
(Bloomberg) -- China issued rules for public comment on Wealth Connect, marking a big step forward for the program that will allow investments across the border between Hong Kong and the nation’s increasingly affluent southern region. The People’s Bank of China released a detailed set of instructions for public comment late Thursday, posting a May 21 deadline for feedback. As revealed earlier by Hong Kong authorities, the program for individual investors will have a 150 billion yuan ($23 billion) cap in each direction, according to the draft rules. Mainland investors with at least 2 years...
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