监管，新动作！

Core Viewpoint - The Hong Kong Monetary Authority is discussing the 3.0 version of the Cross-Border Wealth Management Connect, which may include changes in quotas, product range, sales processes, and the possibility of expanding from the nine pilot cities in the Greater Bay Area to other cities nationwide [1][2][3]. Group 1: Current Status of Cross-Border Wealth Management Connect - As of now, the number of accounts for investing in global products through the Cross-Border Wealth Management Connect has increased from 25,000 to 95,000 [1]. - The number of individual investors participating in the program in the Greater Bay Area has reached 145,300, with an increase of 3,832 in February [4]. - The total amount of cross-border fund transfers through the closed-loop transfer channel has reached 105.64 billion yuan [4]. Group 2: Changes in Version 3.0 - The 3.0 version is expected to modify the product range, with the Northbound Connect covering fixed income and equity investment products, public funds with risk levels R1 to R4, and RMB deposit products [3]. - The Southbound Connect will include products registered in Hong Kong that are primarily invested in Greater China stocks, excluding single emerging market stock funds and high-yield bond funds [3]. - There is a potential expansion of participant cities from the current nine cities in the Greater Bay Area to other cities across the country [3]. Group 3: Fund Transfer Statistics - In February, the amount of cross-border fund transfers through the Northbound Connect was 0.11 billion yuan, while the Southbound Connect accounted for 26.44 billion yuan [4]. - The total amount of cross-border fund transfers between the nine mainland cities and Hong Kong reached 14.44 billion yuan, with Shenzhen accounting for 54.4% of this total [4]. - As of March 26, 2025, the Southbound Connect has a net outflow of 15.46 billion yuan, with a remaining quota of 134.54 billion yuan, while the Northbound Connect has a net inflow of 25.04 million yuan, with a remaining quota of 149.75 billion yuan [5].