Cross-boundary Wealth Management Connect (Southbound Scheme)

Cross-boundary Wealth Management Connect (Southbound Scheme)Cross-boundary Wealth Management Connect (“WMC”) offers cross-border financial and wealth management services to individual residents (“investors”) from Hong Kong, Macao and Mainland China in the Greater Bay Area (“GBA”).

WMC is divided into “Northbound Scheme” and “Southbound Scheme”.

“Southbound Scheme” involves individual residents from the GBA to open personal investment accounts with Hong Kong and Macao banks, and remit funds through a closed-loop capital channel to purchase eligible investment products sold by Hong Kong and Macao banks.

Southbound Scheme Eligible Investor

Southbound Scheme Eligible Investor

1. Has full capacity for civil conduct;
2. Has valid household registered in any of the 9 GBA cities or has paid social security or individual income tax for 5 consecutive years in any of the 9 GBA cities;
3. Has at least 2 years investment experience and no less than RMB 1 million of net household financial assets in the past 3 months; or held no less than RMB 2 million of household financial assets in the past 3 months;
4. Has valid Entry-exit Permit for Travelling to or from Hong Kong and Macao, or valid PRC passport;
5. Assessed by Fubon Bank (Hong Kong) as not being a vulnerable customer; and
6. Has no Cross-boundary WMC dedicated investment account with other banks or financial institutions.

Eligible Wealth Management Products provided by Fubon Bank

Eligible Wealth Management Products provided by Fubon Bank

1. Funds: Funds domiciled in Hong Kong and authorized by the Securities and Futures Commission of Hong Kong, which are assessed as "low" risk to "medium" risk and "non-complex" by the Bank (excluding products listed and traded on the Hong Kong Exchanges and Clearing Limited) (If you need more information, please click here)
2. Deposits: RMB, HKD and foreign currency deposits

Disclaimer:

The above information is prepared by Fubon Bank (Hong Kong) Limited (the "Bank") based on the latest regulatory requirements and is for reference purpose only. It does not constitute any offer, solicitation, suggestion, opinion or any guarantee for any individual to buy or sell, be invited to subscribe or transact any particular products or services; nor does it constitute the Bank's active marketing of “Cross-boundary Wealth Management Connect” to the public outside Hong Kong.

Southbound Scheme Account Opening Procedure

Southbound Scheme Account Opening Procedure An eligible investor should open a dedicated remittance account at the designated branch of Fubon Bank (China) Co., Ltd. in the GBA and can apply for a dedicated investment account of Fubon Bank (Hong Kong) Limited by witnessing service provided by Fubon Bank (China) Co., Ltd. or by Fubon Bank (China) Co., Ltd. making an appointment at Hong Kong Fubon Bank Building in person for account opening.

Useful Information

Useful Information

• Cross-boundary WMC (Southbound) Customer Agreement
• Global Application for Accounts and Services
• Securities Account Opening Application
• Customer Declaration and Confirmation of Acceptance (Specific T&C for Renminbi accounts)
• Customer Investment Risk Questionnaire
• Global Terms and Conditions for Accounts and Services
• Notice to Customers and Other Individuals relating to the Personal Data (Privacy) Ordinance (the “Ordinance”) and Consumer Credit Data
• Service Charges
• FAQ of Cross-boundary WMC (Southbound) Services
• Your Voices
• Further information is available on the website of the Hong Kong Monetary Authority

Cross-Border Disclaimer:
Fubon Bank (Hong Kong) Limited (the “Bank”) is regulated and authorised to carry out banking activities in Hong Kong SAR. The products and services represented within this website are intended for Hong Kong customers. The above information is prepared by the Bank based on the latest regulatory requirements and is for reference purpose only. It does not constitute any offer, solicitation, suggestion, opinion or any guarantee for any individual to buy or sell, be invited to subscribe or transact any particular products or services; nor does it constitute the Bank's active marketing of “Cross-boundary Wealth Management Connect” to the public outside Hong Kong.