CBN丨Wealth Management Connect completed over 30 million yuan of investments on first day

The landmark Wealth Management Connect (WMC) pilot program in the Greater Bay Area saw solid results on its first day of operations on 19 October, with strong demand for cross-boundary wealth management products, marking another crucial development in the ever-closer financial cooperation in the area. Retail investors in Hong Kong and Macao invested 15.4 million yuan in mainland wealth management products, and 17.7 million yuan of mainland investment went the other way, the Guangzhou branch of the central bank said.