最快年底！跨境理财通3.0拟扩大地域

Core Viewpoint - The "Cross-Border Wealth Management Connect" is set to expand its geographical reach beyond the Guangdong-Hong Kong-Macao Greater Bay Area, with regulatory adjustments currently under research and optimization, aiming for a 3.0 version consultation draft by the end of this year [1][4]. Group 1: Expansion Plans - The Hong Kong Financial Secretary, Paul Chan, announced plans to appropriately expand the geographical scope, product types, and participant groups of the "Cross-Border Wealth Management Connect" to enhance market vitality [2]. - The 3.0 version of the program is highly anticipated in the industry, particularly for its potential to include major cities like Beijing and Shanghai, which have a strong demand for overseas asset allocation [4]. Group 2: Current Participation and Usage - As of July 2025, the number of individual investors participating in the "Cross-Border Wealth Management Connect" has reached 164,600, including 53,000 from Hong Kong and Macao, and 111,600 from mainland China [5]. - The total cross-border remittance limit for the program is set at 150 billion yuan, with the current remittance amount remaining sufficient. As of July 2025, the cross-border remittance amount between mainland China and Hong Kong was 109.67 billion yuan, accounting for 90.7% of the total remittance [6]. Group 3: Institutional Participation - Banks continue to dominate the "Cross-Border Wealth Management Connect" business, handling 84.5% of the remittance in July, while securities companies accounted for 15.5% [7]. - By the end of July 2025, banks had processed a total of 1,155.87 billion yuan in cross-border remittances, compared to 53.32 billion yuan processed by securities companies [7].