China unveils wealth management scheme for Hong Kong, Macau and mainland

HONG KONG/SHANGHAI (Reuters) - China unveiled on Monday a long-anticipated scheme linking up investment in wealth management products in Hong Kong, Macau and neighbouring mainland Chinese cities.The "Wealth Management Connect" pilot scheme will allow individuals in Hong Kong, Macau and a group of nine cities in mainland China's southern Guangdong province, which together form the "Greater Bay Area", to buy such products in each other's markets.Mainland China has strict capital controls, while..