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Expand your investment options to the Greater Bay Area
The continuous development of the Greater Bay Area (GBA) opens up more opportunities for investors in Guangdong, Hong Kong and Macau.Since Oct 2021 on, individual investors in the GBA have greater freedom to open cross-border investment accounts directly, as well as tap into more diversified wealth solutions to manage their investments.
HSBC Bank (China) Company Limited (HSBC China) has partnered with The Hongkong and Shanghai Banking Corporation Limited (HSBC HK) to launch the Cross-boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA Wealth Connect scheme). The scheme provides GBA Wealth Connect services, including Southbound services and Northbound services, for eligible residents in GBA cities in the mainland and Hong Kong, in order to meet growing global wealth management needs.
Aligning with regulatory laws on cross-border personal investment product management and international practices, we use our unique expertise to create new cross-border opportunities, broaden market accessibility, and provide a wider variety of wealth management solutions for GBA residents. These wealth solutions are aimed at facilitating the flow and use of renminbi across borders and meeting asset management demands across the GBA.
Southbound and Northbound services
With over 150 years of rich experience and an extensive global network covering more than 60 countries and regions, we'd like to introduce you to HSBC GBA Wealth Management Connect Services (HSBC GBA Wealth Connect) for your cross-border investments.
With HSBC GBA Wealth Connect, you'll be able to:
- invest up to the individual customer quota of RMB 3 million
- buy a variety of eligible wealth management products*
*The Wealth Management Connect Funds (Northbound and Southbound) shall be subject to close loop management and can only be remitted back in RMB into your Offshore Funding Source Account. The cross-boundary remittance of RMB between your Offshore Funding Source Account and your CNY Settlement Account Type I is subject to any aggregate Market quota (RMB 150 billion) and individual investor quota (RMB 3 million). If an investor simultaneously selects both an eligible bank and a participating securities company for investment, the individual investor quota allocated between the eligible bank and the participating securities company will each be RMB 1.5 million. You may invest a variety of low-to-medium-risk wealth management products in the GBA through a closed-loop funds flow. Northbound services product only contains Local unit trusts (distributed by HSBC China, risk levels ranging from 1-4, expect Commodity Futures Funds) and wealth management products (including fixed income and publicly offered equity wealth management product, excluding cash management-based wealth management products) with risk levels ranging from 1 to 3 so far. These fund and wealth management products are not deposit, please be aware of the risks associated with the product and make prudent investment decisions.
Features
Effortlessly manage your cross-border transactions with HSBC GBA Wealth Connect.
Take your investments to the next level with these HSBC GBA Wealth Connect features:
- 24/7 digital access to HSBC GBA Wealth Connect
- Access to GBA Wealth Management Connect Centres across the GBA regions
- Complete the Southbound eligibility checking easily online, and open an Hong Kong investment account via attestation service at GBA 9 cities without visiting any HK branches, you can also visit HK branches for Hong Kong investment account application.
- Apply for our Northbound service and bundle both Hong Kong CNY Remittance Account and HBCN CNY Settlement Account without visiting any branches in mainland China (only for clients who hold a HBCN Type 1 account)
Capture opportunities with Southbound services
Southbound service allows eligible investors in GBA cities in the mainland to open wealth management accounts with banks in Hong Kong and invest directly in eligible investment products through close-loop remittance.
To use our Southbound services, you will need to open a CNY Settlement Account Type I with HSBC China and set this as your designated account for Southbound services remittances. This account will be paired up with HSBC GBA Wealth Management Connect Investment Account you opened with HSBC HK to help manage your incoming and outgoing cashflow for GBA Wealth Connect.
Eligible products under Southbound services include:
- Funds domiciled in Hong Kong, authorised by the Securities and Futures Commission, and assessed as “low” risk to “medium-high” risk and “non-complex” by the distributing Hong Kong banks
- Bonds assessed as “low-to-medium” risk and “non-complex” assessed by the distributing Hong Kong banks
- Deposits: Renminbi, Hong Kong dollar and foreign currency deposits (US dollar, Australian dollar, Canadian dollar, Swiss franc, euro, Japanese yen, UK pound sterling and New Zealand dollar)
Learn more about Southbound services from HSBC HK, our partner bank in Hong Kong for GBA Wealth Connect.
Unlock growth potential with Northbound services
Northbound service paves the way towards new cross-border opportunities for eligible Hong Kong investors by allowing them to open wealth management accounts with banks in GBA cities in the mainland and invest directly in eligible investment products through close-loop remittance.
Current products under Northbound services include:
- Local unit trusts (distributed by HSBC China) with risk levels ranging from 1 to 4
- Wealth Management Products (distributed by HSBC China) with risk levels ranging from 1 to 3, including fixed income and publicly offered equity wealth management product, excluding cash management-based wealth management products
- RMB deposit product (under preparation, not for sale currently)
*Products mentioned on this page are issued and managed by the third party product providers. Under no circumstances will HSBC China (as a sales agent of product providers) be liable for the responsibilities of investment, redemption and risk management. These fund and wealth management products are not deposit, please be aware of the risks associated with the product and make prudent investment decisions.
How to open an HSBC GBA Wealth Management Connect Account
Step 1: Book an appointment with an HSBC China branch in any Greater Bay Area (GBA) city to open a dedicated remittance account (CNY Settlement Account Type I) for Southbound services.
Note: If you already have a CNY Settlement Account Type I opened with an HSBC China branch in Greater Bay Area city, you can skip ahead to step 2.
Want to learn more about HSBC GBA Southbound Wealth Management Connect Services? Contact us by making an appointment.
Not yet an HSBC China customer? Scan below QR code to experience smart account opening.
Already an HSBC China customer? Contact your relationship manager or call us at 400-920-3827 to find out more.
Step 2: Submit your eligibility documents online, then bring the original copies with you for verification at any HSBC China branch in the GBA cities.
Both new and existing HSBC China customers can upload these documents via the HSBC China Mobile Banking app. To do so, select 'Quick actions', then 'GBA Wealth Connect'.
Once you've passed the online review, visit any HSBC China branch in the GBA cities. Bring the original copies of your eligibility documents so we can verify your personal information and confirm your eligibility.
Eligibility documents
- ID Card
- Household registration in any 9 mainland GBA cities or have paid social security or personal income tax for two consecutive years in any 9 mainland GBA cities
- Your household registration address page should show one of the 9 mainland cities
- Your social security records should span two consecutive years within any of the 9 mainland cities and must be provided by the official Social Security Bureau
- Your personal income tax payment records should span two consecutive years within any of the 9 mainland cities and must be provided by the official Tax Bureau
- Investment proofs for two years and above:
Accepted document types: Written transaction records provided by financial institutions. For example, bank account statement, transaction confirmation statement, asset proof certification, investment product contract, etc. Proof documents should include your full name or other information that can proof you are the person who makes the transaction. Documents should also include purchase and transaction date.
Accepted Investment Product Types: Stocks, bonds, funds, asset management plan, bank financial products (including all investment products from HSBC), Trust, futures and other financial derivatives (except savings, money funds and investment related/non-investment related insurance products).
- Minimum balance requirement on family financial (net) asset proof for past three months:
Accepted document types: bank statement, certificate of deposit or other financial assets proofs for wealth management, funds, bonds, stocks, trust, asset management plan, insurance, futures and other financial derivatives issued by financial institutions. If you use financial assets in our bank as full or part financial asset proof, system screenshot from our bank is accepted.
If your financial asset proof includes asset proof from you and your spouse, you need to provide relationship evidence.
If the family financial asset is below RMB 2 million, you need to provide your and your spouse (if any) personal credit report within one month which issued by Credit Reference Center, The People's Bank of China. The personal credit report from your spouse is also required if the family financial asset proof you provide also includes asset proof from your spouse. The amount that your total family financial asset minus total liability from your and your spouse personal credit reports should be no less than RMB 1 million.
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- Average annual income no less than CNY4 hundred thousand for the past 3 years
Accepted document types: Documents such as records of income tax payments, salary certificate issued by company, and other qualified documents that meet the requirements of HSBC, etc.
- Please also bring your exit-entry permit to Hong Kong and Macau or passport, as well as proof of residential address. Any of these can be accepted as address proof: a bank statement, a utility bill such as gas, electricity, etc., or a document issued by a government department or tertiary institution. The documents must have been issued within the last 3 months, and show the same address you have registered with HSBC China.
Step 3: Visit an HSBC China GBA Wealth Management Connect Centre and apply for an HSBC GBA Wealth Management Connect Investment Account via our attestation services. Alternatively, you can visit an HSBC Hong Kong branch in person to open an account.
If you choose to apply via our attestation services at a branch:
- but you haven't opened a CNY Settlement Account Type I with HSBC china yet – once we've verified your eligibility, you'll need to open an HSBC China account and set it as your designated remittance account for GBA Wealth Management Connect services
- and you're already an existing customer who holds a CNY Settlement Account Type I – you can set it as your designated remittance account for GBA Wealth Management Connect services right away
Your application will then be submitted to HSBC Hong Kong. Our HSBC Hong Kong colleagues will call you back to confirm your application, help you to open an investment account and pair it with your CNY Settlement Account Type I account.
- be aged 18 or above, hold a Chinese resident ID card and have full civil capacity
- have a registered household in any of the 9 mainland GBA cities or be a resident who has paid social security or personal income tax for two consecutive years in any of the 9 mainland GBA cities including Guangzhou, Shenzhen, Dongguan, Zhongshan, Zhuhai, Foshan, Jiangmen, Zhaoqing and Huizhou:
- Your household registration address page should show one of the 9 mainland cities
- Your social security records should span two consecutive years within any of the 9 mainland cities and must be provided by the official Social Security Bureau
- Your personal income tax payment records should span two consecutive years within any of the 9 mainland cities and must be provided by the official Tax Bureau - have at least two years of investment experience and to be qualified for any of the following:
- Household financial net assets no less than RMB 1 million on month end balance over past 3 months
- Household financial assets no less than RMB 2 million on month end balance over past 3 months - - Average annual income no less than CNY4 hundred thousand for the past 3 years - have no record of having applied for Southbound services provided by other banks
How to open an HSBC GBA Southbound Wealth Management Connect Account
How to open an HSBC GBA Northbound Wealth Management Connect Account
Learn More
Make an appointment
Leave your contact details with us and we'll be in touch in 1-2 business days.
Call us
400-920-3827 (24H, Mon - Sun)
If you are calling from overseas, Hong Kong SAR, Macau SAR or Taiwan, please use the country code for mainland China: +86
GBA Wealth Management Connect Centres
Partner Bank
The Hongkong and Shanghai Banking Corporation Limited
Note: For more information, please visit our partner banks' website.
Forms and Documents
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