Memorandum of Understanding on the Launch of the Cross-boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area between the People’s Bank of China,February 5th, 2021
FiledFebruary 5th, 2021To strengthen regulatory cooperation among the People’s Bank of China (“PBoC”), China Banking and Insurance Regulatory Commission (“CBIRC’’), China Securities Regulatory Commission (“CSRC”), State Administration of Foreign Exchange (“SAFE”) and the Hong Kong Monetary Authority (“HKMA”), Securities and Futures Commission of Hong Kong (“SFC”), Monetary Authority of Macao (“AMCM”) (hereinafter collectively referred to as the “Parties”) in relation to the launch of the Cross-boundary Wealth Management Connect Pilot Scheme (“Scheme”) in the Guangdong-Hong Kong-Macao Greater Bay Area, and to ensure the effective operation of the Scheme as well as proper risk controls, the Parties have entered into this Memorandum of Understanding (“MoU”) after amiable consultation on the principle of equality, and reached a consensus on the following arrangements: