China News Service, Beijing, May 12 (Reporter Xia Bin) At the time when the Guangdong-Hong Kong-Macao Greater Bay Area "Cross-border Wealth Management" implementation rules were publicly solicited for comments, a survey released by HSBC on the 12th showed that Investors are keenly interested in "Cross-border Financial Link", and more than 80% of the respondents indicated that it is possible to invest through this mechanism. At the same time, about two-thirds of the respondents are optimistic about the prospects of the Hong Kong market, and 70% of the respondents intend to further allocate assets in Hong Kong.
This survey is mainly conducted for residents of the nine Pearl River Delta cities who have invested through existing channels or intend to invest in the Hong Kong market within the next year. The survey found that although some interviewees did not know about "Cross-Border Finance Link", after learning the relevant information, 82% of the interviewees indicated that it is possible to invest in Hong Kong wealth management products through this mechanism.
Chen Qingyao, general manager of HSBC's Guangdong-Hong Kong-Macao Greater Bay Area business department, said that this result reflects the ardent expectation of investors in the Pearl River Delta to further expand "southward" investment channels and products. Market reports show that Guangdong has 290,000 households with assets of more than RMB 10 million, making it one of the most affluent areas in the Mainland. With the launch of interconnection mechanisms such as Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect, and mutual recognition of funds, Hong Kong, as a global asset and wealth management center, has become a major financial hub for mainland investors to allocate overseas assets.
Chen Qingyao believes that after the launch of "Cross-border Wealth Management", Hong Kong's financial institutions can help "southward" investors carry out more diversified asset allocation and seize wealth opportunities in the international market.
According to the survey, the three major goals of respondents for investing in Hong Kong are in order to accumulate wealth (67%), prepare for retirement (44%), and reserve funds for their children’s future education (42%). In terms of investment products, nearly 40% of the respondents who have invested in the Hong Kong market have purchased funds (38%) and stocks (37%), and 65% of the respondents want to further diversify their investments and allocate more categories The product. (End)