Hong Kong’s BEA launches WMC 2.0 Southbound services

BEA offers 250 eligible fund products under the expanded WMC scheme.

The Bank of East Asia (BEA) has launched cross-boundary wealth management connect 2.0 (WMC) Southbound services.

WMC 2.0 expands investment opportunities southbound, providing BEA and its China business, BEA China, to offer expanded services.

Under the WMC 2.0 scheme, the eligibility for Chinese mainland investors has been expanded while the individual investor quota has been raised to RMB3m.

In accordance with the expanded scope of eligible wealth management products, BEA now provides over 250 eligible fund products, which include "non-complex" funds primarily investing in Greater China equity and those with risk ratings ranging from "low" to "medium to high". 

“The launch of WMC 2.0 will significantly expand investment opportunities for our southbound customers. Our extensive network covers all "9+2" cities in the GBA and the recent opening of BEA Tower in Qianhai further cements our presence in the region," said Adrian Li and Brian Li, Co-Chief Executives of BEA.