Mainland, Hong Kong strengthen financial ties with new measures

China’s central bank and Hong Kong’s financial authority last week unveiled six new measures to deepen financial cooperation and connectivity. These initiatives include enhancements to the Bond Connect program, allowing greater foreign investor participation in China’s bond market, and improvements to the Cross-boundary Wealth Management Connect Scheme in the GBA. The measures also aim to facilitate cross-border financing and expand digital RMB pilots, reflecting China’s commitment to financial opening up and reinforcing Hong Kong’s status as an international financial center. By easing investment and transaction processes, these measures are poised to bolster financial integration between the mainland and Hong Kong.