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

HONG KONG/SHANGHAI (Reuters) - China announced details of a long-anticipated pilot scheme on Monday linking up investment of wealth management products in Hong Kong and Macau with neighbouring cities, to further integrate the semi-autonomous economies with the mainland."Wealth Management Connect" will allow residents of the two offshore centres and those in nine cities on the mainland - which together form the "Greater Bay Area" (GBA) - to buy such products in each other's markets.The..