Expand your wealth footprint across the Greater Bay Area

Eligible investors under the Northbound Scheme should:

1. hold a Hong Kong identity card (as a permanent or non-permanent resident);
2. invest in their own personal capacity (not in a joint-name or corporate capacity);
3. not be a vulnerable customer, as assessed by banks in Hong Kong

If the customer brings all the account opening documents and the Mainland mobile phone number to an OCBC Bank branch to apply for a remittance account, the branch can open a remittance account immediately. At present, Hong Kong customers need to go to the Mainland in person for opening a Mainland investment account, depending on the customs clearance time between the two places.

Hong Kong investors of Northbound Scheme need to prepare Mainland permits for Hong Kong and Macao residents, Hong Kong resident ID cards and Mainland mobile phone numbers.

If customers apply in person at a branch for OCBC eBanking, they can receive their eBanking login ID and password immediately; if customers apply by mail, it takes about seven working days to receive eBanking login ID and password by mail.

OCBC Bank will provide eBanking and remittance services to WMC Northbound customers in Hong Kong, while Ping An Bank (OCBC Bank’s Mainland partner bank) will open dedicated investment accounts for clients and provide subsequent trading services for eligible wealth management products.

There is no daily limit on the investment amount of WMC.