In a significant move to deepen financial connectivity within the Greater Bay Area (GBA) and bolster Hong Kong's position as an international financial centre and offshore RMB hub, HKSAR and Mainland regulators have released the revised guidelines for the Cross-Boundary Wealth Management Connect Pilot Scheme (WMC scheme). The initiative, announced on 24 January 2024, is part of a broader strategy encompassing six policy measures to strengthen financial integration and promote cross-border investment within the GBA.
This informative session will explain the amendments made to the implementation guidelines and explore the opportunities brought about by the revised guidelines implemented in February 2024.
Outline of the seminar
Overview of GBA developments
Overview of the Wealth Management Connect Scheme
Key features of the Wealth Management Connect Scheme 2.0
HKMA and SFC regulations in comparison |
DISCLAIMER
Speakers' presentations at this event are intended for educational purposes only and do not replace independent professional judgment. Statements of fact and opinions expressed during this event are those of the speakers and participants and, unless expressly stated to the contrary, are not the opinion or position of the Hong Kong General Chamber of Commerce, its members, or its committees. The Chamber does not endorse or approve, and assumes no responsibility for, the content, accuracy or completeness of the information presented. Attendees should note that, with the approval of speakers, this event may be recorded, and possibly published on the Chamber's website in audio and/or video formats without further notice.
Recording, duplication or distribution of the contents of the online event is prohibited without prior written permission from the Chamber.
| Speaker(s) |
 | Richard Mazzochi
Partner & Head of Banking & Finance
King & Wood Mallesons Richard Mazzochi has extensive experience in a broad range of significant matters such as capital markets financing in the European, American and Asian markets; securitization, repackaging and other structured finance; structured products (including funds); derivatives; and market regulation (including clearing and settlement systems). He has advised various banks in their involvement in the GBA Wealth Management Connect since its launch. He is recognized as a leading Financial Regulatory lawyer in Hong Kong by Chambers Greater China Region and Legal 500.
|  | Minny Siu
Partner, Banking and Finance
King & Wood Mallesons Minny Siu has been working closely with a new wave of FinTech innovators on the establishment of tech-driven product platforms and infrastructure to drive traditional banking and financial services and products as part of Hong Kong's transformation into an e-Smart City under the new era of regulatory initiatives. She regularly advises on financial market infrastructure projects, including GBA Wealth Management Connect, cross-border RMB settlements (including eCNY) and payment remittance projects. She is an active participant in industry working groups and committees, including the Financial Services Development Council, ISDA and the Capital Markets Committee of ASIFMA. Siu was named one of the Women Leaders in Hong Kong by IFLR1000 Women Leaders 2020.
|  | Agnes Chan
Counsel, Banking & Finance
King & Wood Mallesons
Hong Kong Agnes Chan has advised numerous financial institutions on banking and financial services documentation projects, including those relating to the Wealth Management Scheme 1.0 as well as the Wealth Management Scheme 2.0. Specifically, she prepared client documentation in regard to Wealth Management Scheme 2.0 for securities firms as well as various banks. She also advises on licensing and regulatory compliance issues as well as general financial regulatory development and product platform development in Hong Kong. Chan is experienced in a wide range of investment products, and maintains a close working relationship with Hong Kong regulators, including the Hong Kong Monetary Authority, the Hong Kong Stock Exchange and the Securities and Futures Commission.
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| Language |
English |
| Date and Time |
2024/06/05 11:00 to 12:15 |
| Venue |
Chamber Theatre, 22/F United Centre |
| Media |
Closed to media |
| Enquiries |
Sandy Chan
Tel: 2823 1250
Email: [email protected]
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| Fee |
Members @ HK$120 / Non-Members @ HK$240
+$50 for booking offline
This event accepts Chamber Coupon (terms and conditions) |
| Notes |
- Bookings are only confirmed upon receipt of payment, on a first come first served basis.
- Booking transfer is allowed for corporate members with advanced notice, walk-ins are normally not accepted.
- The Chamber reserves the right to decline any booking or cancel the event. In such case, a full refund of the participation fee will be issued.
- No refund will be made for last minute cancellations or no-shows. If the booking is cancelled at least 3 days before the event, and in such cases the refund will be subjected to a 10% administration fee, or HK$100 deduction, whichever is higher.
- A $50 handling fee per person will be charged for all offline bookings (e.g. fax, e-mail, post) for all Chamber events. Go online today by downloading our app or registering on the HKGCC website to save the environment and money.
- Priority is given to corporate members. The decision to accept or decline any booking shall be at sole discretion of the Chamber. |