Regulators in Hong Kong and mainland China have announced significant enhancements to the cross-border Wealth Management Connect (WMC) scheme within the Greater Bay Area. The Securities and Futures Commission (SFC) of Hong Kong has updated the eligibility criteria and broadened the product scope for licensed corporations participating in the scheme. Notably, the individual investment quota has been raised to CNY3m (USD420,000), and now includes higher-risk rating funds. Set to take effect on February 26, these changes are aimed at deepening Hong Kong’s financial integration with the Greater Bay Area. SFC CEO Julia Leung noted that these enhancements not only create new industry opportunities but also expand the scheme’s reach to a broader customer base.