1. which customers can handle cross-border financial communication?
As for the "Southbound Passage", as long as the customers meet the requirements of the "Detailed Rules for the Implementation of Cross-border Wealth Management in Guangdong-Hong Kong-Macao Greater Bay Area" for mainland investors in Greater Bay Area, they can open the "Southbound Passage" investment account of China Merchants Wing Lung Bank in the form of witness at the outlet of China Merchants Bank in Greater Bay Area, and purchase the Hong Kong investment products through the "One-stop" mobile APP of China Merchants Wing Lung Bank (hereinafter referred to as "One-stop" mobile APP). Customers in Australia and Hong Kong who have opened accounts in branches can designate their existing accounts as investment accounts online through the China Merchants Bank APP, sign relevant agreements, and then purchase investment products online. For customers in Hong Kong and Macao who don't have China Merchants Bank accounts, they need to open bank accounts in China Merchants Bank and the Mainland at this stage, and then apply for opening cross-border wealth management links.
Second, seize the opportunity in Greater Bay Area
At present, China Merchants Bank has set up 227 branches in Guangdong, Hong Kong, Macao and Greater Bay Area, while overseas branches have set up 34 branches in Hong Kong and 1 branch in Macau, with a sound institutional layout. Compared with other banks, the customers of China Merchants Bank have stronger demand for cross-border finance. According to the data, up to now, China Merchants Bank ranks first in the scale of personal settlement and sale of foreign exchange among joint-stock banks, and the market share of credit cards in consumption abroad ranks first among its peers. Domestic branches and branches in Hong Kong and Macao have more than 18 years of cross-border linkage experience. In addition, the long-term accumulation of China Merchants Bank's financial technology capabilities has laid a good foundation for the rapid landing of the pilot project of "cross-border wealth management communication". The above-mentioned person in charge said that China Merchants Bank now has the system support ability to support such convenient functions and processes as "Hong Kong residents witness the second-class households", "Hong Kong and Macao residents can open accounts over the counter" and "allocate non-counter expenditure limits for Hong Kong and Macao customers without mainland addresses".
according to the relevant person in charge of CMB financial management, considering the factors of low volatility, stability and historical performance, CMB financial management and its parent bank selected the best products in stock, and finally selected 426 public offerings. These products include 25 sub-series, including fixed income products such as "Jinding" that customers are familiar with, dividend products such as "Fengrun", and "Global Momentum" that can obtain the rotating income of various overseas assets.