Wealth Management Connect for Greater Bay Area

Realise the potential of the Greater Bay Area financial hub with wealth management connect

Are you asking yourself

How to serve the growing wealth in the Greater Bay Area?
Are you setting up the right operating model for wealth management connect?
What are the regulatory checkpoints for wealth management connect?

What you will get from us:

Readiness evaluation report.
TOM design (including effective and optimised regulatory and risk framework for WMC), with gap mapping (including proposed solutions).
Implementation plan.
The launch and upgrade of the WMC operating model.

Our Approach

Idealisation of growth with WMC.

Readiness evaluation on exiting platforms, process and procedures, or risk management framework.
Concept and design.

Target an operating model design that leverages on existing infrastructure and gap analysis (gap breakdown and action item to close). Focus on regulatory compliance with risk assessment to ensure compliance with the principles of WMC on cross-border or suitability as well as AML/KYC rules defined under the scheme.
Planning.

Strategic plan to prioritise tasks or action items based on materiality, cost and effort, as well as resource and budget.
Transformation.

Implement and execute the transformation plan.

Get inspired by our latest insights

Cross-boundary Wealth Management Connect (WMC): What you need to know

The new WMC scheme is expected to create a new channel for Chinese and Hong Kong financial institutions to seek growth with the expansions of cross-border trading and broader capital markets.

Wealth Management Connect MoU signed: How to realise the potential of the Greater Bay Area financial hub

The WMC Scheme aims to build up the Greater Bay Area (GBA) financial hub by facilitating cross-boundary investments for GBA residents.

Tightening Regulations: What this means for securities brokerages in Hong Kong and Mainland China

The significant integration between the Hong Kong and Mainland Chinese financial markets brings increasing concerns over internal controls and management. Our white paper explores recent regulatory breaches, their causes and challenges encountered when implementing an effective control […]

Hong Kong, China Framework Comparison – Investment Suitability (Part 1)

As China opens up the banking sector to foreign players at an unprecedented rate, many international banks — especially those already have a strong presence in Hong Kong, show keen interest in exploring the Mainland China market. In this series of […]

Hong Kong, China Framework Comparison – KYC Standards (Part 2)

As China opens up the banking sector to foreign players at an unprecedented rate, many international banks — especially those that already have a strong presence in Hong Kong, and have shown a keen interest in exploring the Mainland China market. […]