Better regulation and more products are the future for GBA Wealth Connect
Two months after the official announcement of the Greater Bay Area's Wealth Connect, experts believe more needs to be done to strengthen regulatory cooperation and investor education.
The next phase of the cross-boundary Wealth Management Connect Scheme (Wealth Connect) will involve better management of the different regulatory jurisdictions - possibly using blockchain - and expanded product availability, experts said.
Realising the full potential of the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), would mean overcoming three key challenges: dealing with multiple regulatory jurisdictions, supporting small and medium-sized enterprises that drive cross-borde…
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