Staff reporterChina's capital market is expected to grow to 100 trillion yuan (HK$121.62 trillion) in 2030 from the existing 31 trillion yuan, chief executive of the city's bourse Nicolas Aguzin said. Aguzin added that Hong Kong is becoming a leading center of new stock fund-raising and risk and wealth management. Separately, the Cross-boundary Wealth Management Connect Scheme recorded 7,600 individual investors totaling 131 million yuan in two weeks since its inception on October 19. Among them, 5,022 retail investors in Hong Kong and Macao participated in the Northbound Scheme, involving 1,270 transactions amounting 65.5 million yuan. And 2,578 mainland investors took part in the Southbound Scheme, with 65.7 million yuan recorded in 482 transactions.

Source: The Standard November 05, 2021 01:12 UTC