Cross-border financial management is aimed at individual investors, so it does not accept joint investment or corporate customers. In addition, cross-border financial management needs to open an investor account in the place where investment products are purchased and a remittance account in the place where funds are remitted, and meet certain conditions.
Among them, "Southbound" can only be purchased if it meets the corresponding conditions:
(1) Having full capacity for civil conduct;
(2) Have the household registration in 9 cities in mainland Guangdong-Hong Kong-Macao Greater Bay Area or have paid social security or personal income tax continuously in 9 cities in mainland Guangdong-Hong Kong-Macao Greater Bay Area for 5 years;
(3) Having more than 2 years of investment experience, and the balance of family financial net assets at the end of 3 months is not less than 6,543,800 yuan, or the balance of family financial assets at the end of 3 months is not less than 2 million yuan.
When qualified, investors can purchase investment products at their business premises or through online channels through the "Southbound" Hong Kong and Macao Sales Bank according to the signed business agreement.
"Northbound Communication" can only be purchased if the corresponding conditions are met:
The Hong Kong Monetary Authority requires Hong Kong residents (including permanent residents and non-permanent residents) who hold Hong Kong identity cards, and customers who are assessed by Hong Kong banks as not belonging to vulnerable groups.
When the conditions are met, investors can sell qualified investment products by buying the other bank in the local bank.