Cross Border Services

WMC Partner Bank?

Eligibility?

An eligible investor under Southbound Scheme shall:

• have full capacity for civil conduct.
• be residents registered in the nine GBA cities, or with record of social security contribution or individual income tax payment in the nine GBA cities for 2 consecutive years.
• Have 2 years or more experience in investment and will net household financial assets of RMB 1 million or more over the past 3 months, or have 2 years or more experience in investment and with household financial assets of RMB 2 million or more over the past 3 months, or have 2 years or more experience in investment and with average personal yearly income of RMB 0.4 million or more over the past 3 years.

Investors participating in the Southbound Scheme should invest in their personal capacity. Residents in the nine GBA cities (either registered residents or with residence permits) must be verified by WMC Partner Bank regarding their eligibility and source of fund and be assessed as not being a vulnerable customer (“VC”) in order to be eligible investor for the Southbound Scheme.

How to get started?

The opening of the relevant account(s) in OCBC Bank (Hong Kong) Limited (“Bank”) is subject to the Bank’s approval in its sole and absolute discretion and the relevant terms and conditions in the account opening form.

Eligible wealth management products?

Eligible wealth management products will be “non-complex” retail products, which will include funds domiciled in Hong Kong and authorized by the Securities and Futures Commission (“SFC”), and which (1) primarily investing in Greater China equity, or (2) with “low” risk to “medium-high” risk (excluding high-yield bond funds and single emerging market equity funds); “low” risk to “medium” risk bonds; RMB, Hong Kong dollars and foreign currency deposits. Besides RMB and Hong Kong dollar, only major currencies, namely US dollar, Euro, UK Pound Sterling, Australian dollar, New Zealand dollar, Canadian dollar, Swiss Franc, Japanese Yen and Singapore dollar be offered.

Apart from RMB/HKD time deposit and general savings deposit, we also provide diversified wealth management solutions which include:

Unit Trust

• Partnering with over 16 internationally renowned fund houses
• Investment universe embraces various global financial markets
• Carefully curated funds, which closely reflect the economic and market circumstances
• 24-hour online trading platform

Bond

• Providing bonds with fair credit ratings
• Onboarding bonds with prompt response to market demand and economic circumstances
• We provide you with a wide selection of eligible bonds. To find out more, please contact your Relationship Managers.

Unit Trust Fund Search

(Please read carefully the Remarks, Important Notice and Risk Disclosure before visit the “Unit Trust Fund Search”.)

WMC Partner Bank?

How it works?

Eligible Hong Kong investors remit funds through the dedicated remittance account in Hong Kong to the dedicated investment account on the Mainland and purchase eligible wealth management products offered by the bank on the Mainland via the dedicated investment account.

Scheme quota?

The aggregate quota for the Northbound Scheme is initially set at RMB 150 billion. The individual investor quota for each investor under the Northbound Scheme is RMB 3 million. If an investor simultaneously selects both a bank and a brokerage firm for investment, the individual investor quota allocated to the two channels will each be RMB 1.5 million.

Eligible wealth management products?

Eligible wealth management products under the Northbound Scheme mainly include RMB deposit products of Mainland distributing banks, public fixed income wealth management products and equity wealth management products issued by Mainland wealth management firms and being 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), and public securities investment funds (excluding commodities and futures funds) being assessed by Mainland public fund managers and Mainland distributing banks as products with risk rating of “R1” to “R4”. For details, please refer to the implementation arrangements issued by the Mainland regulatory authorities.

How to get started?

The opening of the relevant account(s) in Ping An Bank is subject to Ping An Bank’s approval in its sole and absolute discretion and the relevant terms and conditions in the account opening form.