Greater Bay Area Cross-boundary Wealth Management Connect Investors Reach 184,200; June Adds 2,688

As of end-June 2026, individual investors participating in the Cross-boundary Wealth Management Connect in the Greater Bay Area reached 184,200, of whom 55,200 were from Hong Kong and Macau and 129,000 from the mainland. From January to June 2026, monthly new investors numbered 823, 383, 788, 750, 857 and 2,688 respectively, with June marking a year high. Fund transfers processed by domestic securities firms under the scheme rose from RMB 7.579 billion at end-January to RMB 8.419 billion at end-June.

The share of money-market products in holdings fell from nearly 70% to 50%, while index, regional-theme and bond products combined rose from nearly 30% to nearly 50%. By currency, USD-denominated products accounted for nearly 80% of investments, with RMB and HKD together at about 16%. Among specific products, low-risk categories included USD money-market funds, certificates of deposit and broker medium-term notes, while index products included ETFs tracking major overseas markets such as the Nasdaq and the Hang Seng Index. The top five products accounted for nearly 60% of holdings, mainly USD money-market funds and Nasdaq index funds, and the total number of products held increased 150%.

Securities firms have adopted various service measures. Zhongtai Securities launched a dual-advisor model pairing mainland wealth managers with Hong Kong licensed investment advisers to integrate onshore and offshore service chains. CITIC Securities introduced more than 100 eligible funds and over 1,000 eligible bonds to enrich its product shelf. Guotai Haitong Securities established a routine coordination mechanism, holds regular market-sharing sessions, and set up a rapid-response system to handle account and fund transfer issues.