FINANCE & INVESTMENT

According to a joint statement unveiled on the website of the People’s Bank of China on 29 June, to facilitate cross-boundary investment by individual residents in the Guangdong-Hong Kong-Macao Greater Bay Area (Greater Bay Area), the People’s Bank of China, the Hong Kong Monetary Authority, and the Monetary Authority of Macao have decided to implement the cross-boundary wealth management connect pilot scheme (Wealth Management Connect) in the Greater Bay Area. More

Webot, Shenzhen-headquartered Fintech start-up, which offers AI-based customer service and marketing & sales solutions for financial services clients, selects Hong Kong as acceleration hub to penetrate into South-east Asia. More

The U.S. Senate recently passed legislation by unanimous consent that could lead to the eventual de-listing of certain mainland Chinese companies from U.S. stock exchanges. The legislation will become law if it is approved by the House of Representatives and signed by the president. More