On November 4th, Jinshi Data reported that after the 14 securities firms were approved for the first batch of securities firms to pilot the “Cross-border Wealth Management Connect”, how is the progress? Some institutions predict that according to the arrangement of the Central Bank, it is necessary to complete the testing of the system production environment before officially starting operations. It is estimated that it will take another month to officially start operations. Several securities firms interviewed stated that the qualification pre-approval of investors, product construction, and marketing team are already in place. “Securities firms have more structured products and may be more inclined towards high-net-worth clients in the future,” said a securities firm insider.
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