Core Insights - The Hong Kong Monetary Authority (HKMA) has introduced "Cross-Border Wealth Management Connect 2.0" measures to enhance personal cross-border wealth management, including increased quotas, expanded product offerings, relaxed investor thresholds, and a broader range of participating institutions [1] Group 1 - The "Cross-Border Wealth Management Connect 2.0" measures have received positive market feedback, with over 160,000 individual investors participating by the end of June this year, representing an increase of over 120% compared to "Cross-Border Wealth Management Connect 1.0" [1] - The market value of holdings by investors from Hong Kong participating in the southbound scheme has exceeded 16 billion RMB, which is a twofold increase compared to "Cross-Border Wealth Management Connect 1.0" [1] - There is a growing diversification in product selection among southbound investors, shifting from primarily deposit products to an increasing allocation in funds and bonds as they become more familiar with the Hong Kong market [1]

Group 1 - The core viewpoint of the article highlights the positive market response to the "Cross-Border Wealth Management Connect" 2.0 optimization measures, with over 160,000 individual investors participating by the end of June this year, representing an increase of over 120% compared to version 1.0 [1] - The article notes that as southern-bound investors gain a deeper understanding of Hong Kong market products and increasingly prioritize diversification, their product choices have become more diversified, shifting from primarily deposit products to a growing allocation in funds and bonds [1]