Greater Bay Area

The Southbound scheme allows eligible residents in mainland GBA cities to open designated investment accounts with participating banks in Hong Kong and invest directly in eligible investment products.

You are eligible for the Southbound scheme if you:

(1) Having full capacity for civil conduct;

(2) Have household registration in 9 cities in the Guangdong-Hong Kong-Macao Greater Bay Area or have paid social security or personal income tax in 9 cities in the Guangdong-Hong Kong-Macao Greater Bay Area for 5 consecutive years;

(3) Having more than 2 years of investment experience, and satisfying that the monthly balance of household financial net assets in the last three months is not less than RMB 1 million, or the monthly balance of household financial assets in the last three months is not less than RMB 2 million.

Eligible products 

• Funds - domiciled in Hong Kong and authorized by the SFC, non-complex and with low to medium risk 
• Bonds - non-complex and with low to medium risk 
• RMB, Hong Kong dollar and foreign currency deposits. Examples of foreign currency including US dollar, Australian dollar, Canadian dollar, Swiss Franc, Euro, Japanese Yen, UK Pound Sterling, New Zealand dollar and Singapore dollar

The Northbound scheme enables eligible residents in Hong Kong to open designated investment accounts with participating banks in GBA cities in the mainland and invest directly in eligible investment products.

You are eligible for the Northbound scheme if you:

• are Hong Kong residents (both permanent and non-permanent) who hold a Hong Kong identity card
• are not a vulnerable customer as assessed by Hong Kong banks
  

Eligible products

• Domestic geographic wealth companies (including bank wealth management subsidiaries and joint-venture wealth management companies controlled by foreign parties) are issued in accordance with the relevant management measures for wealth management business, and have been assessed by the issuer and the mainland agency bank as a "level 1" to "level 3" risk Non-principal guaranteed net worth wealth management products (except cash management wealth management products)
• Publicly offered securities investment fund that has been assessed by the mainland public fund manager and the mainland agency bank as “R1” to “R3” risk.