Hong Kong Monetary Authority CEO Eddie Yue: Cross-border Wealth Management Connect 3.0 has no definite timeline for implementation. There is potential for expansion in terms of quota, products, and other dimensions.

On June 8, the Hong Kong Monetary Authority held a media briefing in Beijing. During the briefing, the President of the Hong Kong Monetary Authority, Eddie Yue, answered questions from a reporter from Shanghai Securities News, stating that the Hong Kong Monetary Authority is continuing to discuss with mainland financial regulators the further optimization and expansion of the cross-border wealth management connect program. There is potential for expansion in terms of quota, product categories, and types of investors. Currently, the specific timeline for the implementation of the Cross-Border Wealth Management Connect 3.0 has not been determined.