China unveils cross-border wealth management scheme with Hong Kong, Macau

HONG KONG/SHANGHAI (Reuters) - China announced details of a long-expected pilot scheme on Monday that links investments and financial services between the semi-autonomous economies of Hong Kong and Macau and their neighbouring cities on the mainland.Wealth Management Connect will allow residents of the two offshore centres and those in nine cities on the mainland to buy financial products in each other's markets.It is part of Beijing's grand project, revealed early last year, to build a Greater..