| Investor Qualification |
Hong Kong ID card holders (permanent and non-permanent)；
Not assessed as vulnerable customers* for all investment products as specified in related guidelines by the HKMA.*。*As specified in related guidelines issued by the HKMA, if an investor has a lower ability to understand the risks and accept the potential losses of investments, s/he may be considered to be vulnerable. An example of “vulnerable customer” includes an investor with disability(ies) affecting his/her investment decisions (e.g. visually impaired). Other examples include those fulfilling of one or more of the following criteria, coupled with the lack of investment experience: •Above 65 years old •Level of education below Secondary •With limited financial capacity | Account Opening | Step 1: Open WMC Northbound Remittance Account Open a WMC Northbound Remittance Account at designated Hang Seng Hong Kong branchesStep 2: Open WMC Northbound Investment Account After completing the above, if you do not have a Type I account in Hang Seng China, our Hang Seng Bank staff will help you make an appointment to visit one of our designated Hang Seng China branches in the GBA. You will need to bring along the required documents to open a WMC Northbound Investment Account at the designated Hang Seng China branch OR Use your existing Hang Seng China Type I Account to activate the functions of WMC Northbound Investment Account |
Cross-border Remittance and Quota Management |
The “WMC" business implements quota management for individual investors, with an investment quota of RMB 3 million. If an investor chooses to invest through banks and securities companies at the same time, the investment quota for both channels is RMB 1.5 million each. Subject to meeting the “WMC" quota control requirements, eligible investors can make quota adjustments in person at the designated branches of Hang Seng Hong Kong. Remittances can be made between the WMC investment account in Mainland China and WMC Northbound Remittance Account in Hong Kong via “Cross-Border View and Transfer” in Personal e-Banking, subject to compliance with the relevant WMC remittance and quota requirements in a closed-loop fund regime You can check Hang Seng HK and Mainland accounts, and submit remittance instruction anytime and anywhere by registering with Hang Seng China or Hang Seng Hong Kong“Cross-Border View and Transfer” service. For more details, please visit Cross-Border Banking . |
Available WMC investment products | Qualified Hong Kong and Macao investors can subscribe to eligible funds and deposit products sold by Hang Seng China. If you want to view the list of eligible investment products under "WMC Northbound ", we will display the relevant content based on your request. This list only provides public and general information and is for reference purposes only. It is not and should not be regarded as a recommendation or invitation or lobbying for any investment services or investment products, nor should it be regarded as promoting the services of WMC to the public. All investments involve risks (including the risk of possible loss of investment principal). You should fully understand the investment risks and invest prudently. Investors should not make any investment decisions based solely on this information. Therefore, before making any investment decision, investors should carefully read and understand the product's sales documents (including the full text of each risk factor) and risk disclosure documents. Investors should also carefully consider their investment objectives, investment experience, investment period, financial situation, risk tolerance, tax consequences and specific needs, and whether the investment is suitable for them. They should also confirm that they understand the characteristics and terms of the investment product. and risks. If investors have any questions about their investment, please seek independent professional advice. View the detailed eligible investment funds under the Northbound Scheme of WMC or eligible deposit products under the Northbound Scheme of WMC. |
Service Application |
Hang Seng China account opening form WMC Northbound service application form |
Designated Service Network |
WMC supporting branches of Hang Seng China WMC supporting branches of Hang Seng Hong Kong Hang Seng China Service Hotline： 400-830-8008 (Mainland China) 800-906-882 (For customers reside in HK) Hang Seng Hong Kong Service Hotline：(852) 2912 3456 (Hong Kong) (86) 4001 20 3456 (Mainland) |
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