China unveils cross-border wealth management scheme with Hong … – Reuters

Discover Thomson ReutersBy Noah Sin, Samuel Shen3 Min ReadHONG 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 […]

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Hong Kong bankers worry that new laws could lead to capital flight – Reuters

Discover Thomson ReutersBy Sumeet Chatterjee, Scott Murdoch4 Min ReadHONG KONG, May 22 (Reuters) – China‚Äôs plans to impose national security legislation in Hong Kong are expected to lead to the flight of capital and talent from the Asian financial hub, bankers and headhunters said.The proposed legislation, which prompted concerns over freedoms in the semi-autonomous city, […]

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