Cross-border Wealth Management Full Moon: Southward favors deposits and Northward love wealth management products

Securities Times e company news, since its opening on October 19, the Guangdong-Hong Kong-Macao Greater Bay Area cross-border financial management service has been running for one month, and business activity and customer experience have been continuously improved. According to data from the Guangzhou Branch of the People’s Bank of China, as of November 22, the cross-border financial link Northbound link had a net inflow of 111 million yuan, accounting for 0.07% of the 150 billion yuan Northbound link available, and the remaining quota was about 149.89 billion yuan; the Southbound link was net. The outflow is 90 million yuan, which also accounts for about 0.07% of the available quota, and the remaining quota is 149.91 billion yuan. According to data from the Shenzhen People’s Bank, under the Northbound Link, Hong Kong and Macao individual investors purchased nearly 40 million yuan in domestic investment products, of which wealth management products and fund products accounted for about 70% and 30% respectively; under the Southbound Link, mainland individual investors A total of about 14.6 million yuan of investment products from Hong Kong and Macau were purchased, of which deposits accounted for more than 95%.