BOC Cross-boundary Wealth Management Connect
New wealth management method helps you invest in the Greater Bay Area ("GBA") unimpededly.
"BOC Cross-boundary Wealth Management Connect" brings you a brand new cross-boundary wealth management experience in the GBA!
can enjoy exclusive Wealth Management services
Cross-boundary remittance, free of charge and instant.
Online channel, trade easily
There are also a series of exclusive offers, click here for more information!
All branches of BOCHK offer comprehensive and high quality financial services to you wholeheartedly!
The Northbound Scheme refers to an eligible Hong Kong investor opening a bank account with cross-boundary remittance function ("dedicated remittance account") in Hong Kong, opening an account on the Mainland in eligible banks on the Mainland with investment function ("dedicated investment account"), remitting funds through the dedicated remittance account in Hong Kong to the dedicated investment account on the Mainland via closed-loop management of funds flow between the accounts, and purchasing eligible wealth management products offered by the bank on the Mainland.
Three simple steps to open Northbound Scheme dedicated accounts
|1.||Visit any BOCHK branch to conduct eligibility verification and open a Northbound Scheme dedicated remittance account|
|2.||Visit the Bank of China in the Mainland ("BOC") in the GBA to open a Northbound Scheme dedicated investment account in person. If the customer already has a Mainland BOC account in the Mainland in the GBA, he/she can designate the existing account as a Northbound Scheme dedicated investment account via mobile banking of the BOC in the Mainland on a self-directed basis.|
|3.||Complete pairing dedicated accounts*
*Note: The final result is subject to SMS notification from BOC in the Mainland in the GBA
Eligible wealth management products in the Mainland under the Northbound Scheme
|1.||Wealth Management Products: Public fixed income wealth management products and equity wealth management products issued by Mainland wealth management firms (including Mainland banks' subsidiary wealth management firms and joint ventures between Mainland banks and foreign partners) which are assessed by the issuers and Mainland distributing banks as products with risk rating of "R1" to "R3" (excluding wealth management products for the purpose of cash management)|
|2.||Funds: Public securities investment funds (excluding listed funds) being assessed by Mainland public fund managers and Mainland distributing banks as products with risk rating of "R1" to "R3"|
The Southbound Scheme refers to an eligible Mainland investor opening a bank account in eligible banks in Hong Kong with investment function ("dedicated investment account"), remitting funds through the account with cross-boundary remittance function ("the dedicated remittance account") on the Mainland to the dedicated investment account in Hong Kong via closed-loop management of funds, and purchasing eligible wealth management products offered by the bank in Hong Kong.
Three simple steps to open Southbound Scheme dedicated accounts
|1.||Visit Bank of China ("BOC") in the Mainland in the GBA to conduct eligibility verification, open a new account or designate an existing account as a Southbound Scheme dedicated remittance account in person|
|2.||Enjoy the attestation service for Account Opening via BOC in the Mainland in the GBA, or come to any branch of BOCHK to open a Southbound Scheme dedicated investment account in person|
|3.||Complete pairing dedicated accounts|
Eligible wealth management products in Hong Kong under the Southbound Scheme
|1.||Funds: Domiciled in Hong Kong and authorized by the SFC, assessed as "low-" to "medium-" risk and "non-complex" by Hong Kong banks distributing such products|
|2.||Bonds: Assessed as "low-" to "medium-" and "non-complex" by Hong Kong banks distributing such products|
|3.||Deposits: RMB, Hong Kong dollar and foreign currency deposits*(excluding structured deposits)
*Foreign currencies include US dollar, Euro, UK Pound Sterling, Australian dollar, New Zealand dollar, Canadian dollar, Swiss Franc, Japanese Yen and Singapore dollar.
The above product and service are subject to relevant terms and conditions.
The above information is prepared by Bank of China (Hong Kong) Limited (BOCHK) based on the latest information provided by the regulatory authorities and is for reference only. The relevant content does not constitute any offer, solicitation, suggestion, opinion or any guarantee for any individual to buy or sell, be invited to subscribe or transact any particular products or services; nor does it constitute BOCHK's active marketing of "Cross-boundary Wealth Management Connect" to the public outside Hong Kong. Investment products offered by BOC in the Mainland in the GBA have not been authorized by the SFC. Investment involves risks.