What do you mean from south to north?
"Southbound Link" products refer to products purchased by mainland investors through "Cross-border Wealth Management Link" and issued in Hong Kong and Macao, including funds, bonds and deposits, which are all low-risk and uncomplicated products. "Northbound Link" products refer to products purchased by Hong Kong and Macao investors through "Cross-border Wealth Management Link" and distributed in the Mainland, including wealth management products and fund public offerings. For customers in the two places, there are some differences between the products issued by customers and the products purchased in local banks in peacetime in terms of product distribution subject and investment scope.
"Northbound Link" is mainly aimed at investors from Hong Kong and Macao, while "Southbound Link" is mainly aimed at investors from mainland Guangdong-Hong Kong-Macao Greater Bay Area. "Cross-border wealth management link" will implement quota management, that is, the upper limit of the net inflow of cross-border funds for "northbound link" and the upper limit of the net outflow of cross-border funds for "southbound link" shall not exceed the total amount of cross-border wealth management link business pilots. At present, the total pilot amount of "cross-border wealth management" business is tentatively set at 654.38+050 billion yuan. In addition, the amount of individual investors is also limited. The pilot business of "cross-border wealth management" implements quota management for a single investor, with an investment quota of 6,543,800 yuan.