Wealth Management Connect

Enhanced Investment Experience for the Greater Bay Area under Wealth Management Connect 2.0 scheme
Enjoy an array of fabulous offers

China Construction Bank (Asia) Wealth Management Connect leverages extensive Greater Bay Area network coverage of parent bank – China Construction Bank to synergise teams across the border and empower customers a new dimension of wealth investment opportunities, with diversified and sustainable asset allocation options. The investment quota for individual investors1 is increased to RMB 3 Million 2 and investors can further grow personal asset allocations to meet wealth management needs.
Remarks:
  1. The investment quota is excluding the daily maximum quota per person.
  2. For those using both banks and securities firms as investment channels, each channel now offers a personal quota of RMB 1.5 Million.
Level up Offers
Level up Offersfor Wealth Management Connect
Account Opening Offer for Northbound Scheme
Enjoy HK$500 Reward upon New Account Opening (click here for details)
Exclusive Privileges for Southbound Scheme
2 Up to 16.8% p.a. Time Deposit Interest Rate for Exchanging Currency and Placing a Time Deposit Simultaneously
During the promotion period from now until September 30, 2024, customers who exchange a designated currency (refer to the table below) in the amount ranging from HK$100,000 to HK$50,000,000 equivalent to any time deposit currency (refer to the table below) through our branch staff or Relationship Managers via phone call or by visiting our branches, and simultaneously place a 1-week Time Deposit with the exchanged currency in its entire amount traded, can enjoy interest rates of up to 16.8% p.a. 1 !

Designated Currency

Time Deposit Currency

1-week Time Deposit Interest Rate (p.a.) Offer1

Customers who Fulfill the “Preferential Time Deposit Interest Rate” Criteria2

Other Customers

RMB / HKD / AUD / NZD / USD / GBP / JPY / EUR / CHF / CAD / SGD

AUD

16.8%

13.8%

NZD

CAD

GBP

RMB

11.8%

9.8%

USD

10.8%

8.8%

HKD

8.8%

6.8%
Remarks:
  1. The above Time Deposit Interest Rates (p.a.) are for reference only but not guaranteed and it will be subject to changes in rates quoted by the Bank from time to time. Before making the relevant transaction, please check with our Bank’s staff for the effective Time Deposit Interest Rate (p.a.) applicable to the transaction.
  2. If the Time Deposit amount is equal to or greater than HK$500,000 equivalent, customers can enjoy the “Preferential Time Deposit Interest Rate”.
Click here for the related terms and conditions
2 Up to 6.2% p.a. Time Deposit Interest Rate for Subscribing Mutual Fund, Exchanging Currency and Placing a Time Deposit Simultaneously
During the promotion period from now until September 30, 2024, customers have to fulfill the following two requirements, to enjoy the below time deposit preferential interest rate:
  1. Successfully exchange a designated currency with the aggregated amount of HK$100,000 equivalent or above through the Bank’s branch staff or Relationship Managers via phone call or by visiting our branches; and
  2. Successfully subscribe Mutual Fund in designated currency with the aggregated investment amount of HK$100,000 equivalent or above

Tenor

Exchange Designated Currency / Subscribe Mutual Fund in Designated Currency / Time Deposit Currency

Time Deposit Preferential Interest Rate (p.a.)

3-months

RMB

3.2%

HKD

5.2%

USD

6.2%

The above Time Deposit Interest Rates (p.a.) are for reference only but not guaranteed and it will be subject to changes in rates quoted by the Bank from time to time. Before making the relevant transaction, please check with our Bank’s staff for the effective Time Deposit Interest Rate (p.a.) applicable to the transaction.
The time deposit placing day, the mutual fund subscription order day, and the designated currency exchange day should be the same day. The maximum time deposit amount cannot be higher than the aggregated mutual fund subscription order amount or designated currency exchanged amount (whichever is lower).
Click here for the related terms and conditions
2 Up to HK$5,000 Cash Reward for Online Foreign Exchange

During the promotion period from now until September 30, 2024, eligible customers1 who conduct FX transactions2 via the Bank’s Mobile Banking or Online Banking and fulfill designated cumulative amounts, can enjoy up to HK$4,800 cash reward !

Cumulative Eligible FX Transaction Amount
(HKD or equivalent) 		Cash Reward
HK$5,000,000 HK$4,800
HK$3,000,000 HK$2,500
HK$1,000,000 HK$800
HK$500,000 HK$300
HK$300,000 HK$150
Besides, if the eligible FX transaction includes Designated FX Transaction3 with cumulative transaction amount reaching HK$200,000 equivalent or above, customers can enjoy an extra HK$200 cash reward !
Remarks:
  1. Only applicable to Wealth Management Connect “Southbound Scheme” customers of the Bank who have not conducted any FX transactions via any channels of the Bank in Wealth Management Connect “Southbound Scheme” account from July 1, 2023 to June 30, 2024.
  2. Exclude FX transactions between HKD and USD, and FX transactions made via remittance, mutual fund subscription, bill payment service and transfers via Cross Border Long Card.
  3. "Designated FX Transaction" refers to FX transaction between CNH, AUD, NZD, GBP, JPY, EUR, CHF, CAD and SGD, excluding any FX transaction involving HKD or USD.
Click here for the related terms and conditions
3 Mutual Fund Offer
  • 0% fund subscription fee
  • Provide monthly dividend share class with annualized yield up to 10%

    Mutual Fund Category

    Annualized Yield 1
    up to

    China Balanced Fund

    10%

    Japan Equity Fund  

    9%

    Asian Equity Fund  

    9%

    Asian Bond Fund  

    7%

    Global Balanced Fund

    7%

    Asian Balanced Fund

    6%

    China Bond Fund  

    6%

    China Equity Fund

    5%

    Global Bond Fund  

    5%

    Hong Kong Equity Fund

    3%

    Money Market Fund are also available, 1-year return up to 5%1 . There are also Global Equity, Technology Sector Equity, 1-year return up to 22%1 .

    Remarks:
    1. The above data is as of 31 May 2024, provided by Morningstar. Past performance information is not indicative of future performance. The Fund may in its discretion determine such distributions may be paid from capital including realized and unrealized capital gains. Any payments of distributions by the Fund may result in an immediate decrease in the net asset value per unit. Also, a positive distribution yield does not imply a positive return on the total investment.
Click here for the Terms and Conditions of “0% Fund Subscription Fee”.
2 Time Deposit Offer
Customers can enjoy preferential interest rates by placing the “Southbound Scheme” Time Deposit via the Bank’s Mobile Banking or Online Banking.
 
For the details of preferential interest rates, please log on to the page of “Southbound Scheme” Time Deposit on the Bank’s Mobile Banking or Online Banking or contact the Bank’s staff.
熱線
Customer Hotline +852 2903 8343
Advantages
Edges of CCB (Asia) Wealth Management Connect
Northbound Scheme Southbound Scheme
Easy Application Easy Application Support Hong Kong customers who have Mainland China Construction Bank account to apply for the "Northbound Scheme" service without cross-border transit Apply online – Open an account within 3 days ^ without cross-border transit
^ 3 working days
Comprehensive Product Range Comprehensive
Product Range 		Provide more than 100 Funds and 24 kinds of wealth management products
  • Provide more than 300 Funds (click here for details)
  • Provide monthly dividend share class with annualized yield up to 11% or above
  • Exchange Services of 11 major currencies
  • 0% fund subscription fee (click here for details)
  • Advantages of Mutual Funds (click here for details)
Quick Remittance Quick Remittance Adopt the internal direct-linked remittance system to realize speedy remittance of RMB funds across the border
All WMC remittance fees are waived.
Extensive Branch Network Extensive
Branch Network 		Customers can apply for "Wealth Management Connect" account in more than 800 branches within 9 cities in the GBA
Extensive Cross-Boundary Wealth Management Experience Extensive
Cross-Boundary Wealth Management Experience 		Leveraging extensive network of over 10,000 branches of parent bank - China Construction Bank (CCB), CCB (Asia) is determined to be “Financial Expert in the Greater Bay Area” and provide customers with a diverse range of cross-boundary Financial and Banking Services in the GBA.
Promotional Video
CCB (Asia) Wealth Management Connect Promotional Video
Transript - Chinese Version Only (PDF File)
宣傳片
CCB (Asia) Wealth Management Connect Tutorial Video Series
If you cannot successfully view the above video, please click here to open

跨境理財通教育系列- 網上銀行操作外幣及基金交易(1)

2024-06-14
Video – Risk Disclosure statements.

Transript - Chinese Version Only (PDF File)
If you cannot successfully view the above video, please click here to open
Overview
Northbound Scheme Overview
Services
Wealth Management Connect - Northbound Scheme
  • Refers to eligible resident in Hong Kong investing in eligible wealth management products in the Mainland through designated investment accounts.
Operational Arrangements
Operational Arrangement for the Northbound Scheme
  • Each investor opens only one Hong Kong bank account with cross-boundary remittance function (“dedicated remittance account”), and only one Mainland bank account with investment function (“dedicated investment account”) at all times. The relevant banks in two regions will pair the two accounts with each other, and the flow of funds between the accounts will be subject to closed-loop management.
  • All cross-boundary remittance between the dedicated remittance account and the dedicated investment account must be conducted in RMB through the Cross-Border Inter-Bank Payments System (“CIPS”), and subject to quota management.
  • Quota: The aggregate quota under the Northbound Scheme is RMB 150 billion, shared by Hong Kong and Macau. The investment quota for individual investors is increase to RMB 3 Million# .
# For those using both banks and securities firms as investment channels, each channel now offers a personal quota of RMB 1.5 Million.
Operational Arrangements
Northbound Scheme –
Eligible Investor
Hong Kong - CCB (Asia)
Mainland - CCB
Funds for Investment
Open a dedicated
remittance account
Pairing of the Accounts
Open a dedicated
investment account
Principal & Investment Income
Purchase eligible wealth management products
distributed by CCB in Mainland via the dedicated investment account
Eligible Customers
Eligible Customers
  1. Holder of Hong Kong Identity Card (including both permanent and non-permanent residents);
  2. Invest in their personal capacity (but not as joint-name or corporate customers); and
  3. Not a vulnerable customer, as assessed by CCB (Asia).
Eligible Investment Products
Eligible Investment Products
  1. Public fixed income wealth management products (which primarily invest in bonds and deposits) and equity wealth management products (which primarily invest in equities) issued by Mainland wealth management investment firms and being risk-rated by product issuers and distributing banks as “R1” to “R3” (excludes wealth management products for the purpose of cash management);
  2. Public securities investment funds (excludes commodity futures funds) being risk-rated by Mainland public fund managers and Mainland distributing banks as “R1” to “R4”.
open an account and invest
How to open an account and invest under the "Northbound Scheme"?
  1. Open a new bank account with cross-boundary remittance function at CCB (Asia) to serve as a dedicated remittance account.
  2. Required Information:
  • Hong Kong Identity Card
  • Home Return Permit
  • Mainland CCB Account Number (if any)
  1. Open an account with investment function at CCB to serve as a dedicated investment account. If an account with investment function is already maintained with CCB, the account can be designated as the dedicated investment account for the Northbound Scheme
  2. Purchase qualified wealth management products sold by CCB in Mainland, through an investment account
Account Opening Process
Northbound Scheme- Overview of Account Opening Process
1
Wealth Management Connect Application
Submit application
materials
Arrow
Open a CCB (Asia) account and receive a confirmation letter
Arrow
Receive SMS,
email notification
Arrow
Sign online

Application Demonstration
for Online Banking
(in Chinese only)

Application Demonstration
for Mobile Banking
(in Chinese only)

Branch of CCB (Asia)
e-Channel of CCB in Mainland
2
Fund Remittance
e-Channel or Branch of CCB (Asia)
3
Transactions of wealth management product
e-Channel of CCB in Mainland
4
Fund Transaction
e-Channel of CCB in Mainland
5
Fund Repatriation
e-Channel or Branch of CCB in Mainland
Overview
Southbound Scheme Overview
Service
Wealth Management Connect - Southbound Scheme
  • Eligible resident in the Mainland GBA cities investing in wealth management product distributed by banks in Hong Kong via designated channel.
Operational arrangements
Operational arrangement for the Southbound Scheme
  • Each investor opens only one Mainland bank account with cross-boundary remittance function (dedicated remittance account) (if investors already maintain an account with investment function with the Mainland bank, that account can be designated as the dedicated investment account), and only one Hong Kong bank account with investment function (dedicated investment account) at all times. The relevant banks in two regions will pair the two accounts, and the flow of funds between the accounts will be subject to closed-loop management.
  • All cross-boundary remittances between the dedicated remittance account and the dedicated investment account should be conducted in RMB via the Cross-border Interbank Payment System (CIPS) and subject to quota management.
  • Quota: The aggregate quota under the Southbound Scheme is RMB 150 billion, shared by Hong Kong and Macau. The investment quota for individual investors is increase to RMB 3 Million# .
# For those using both banks and securities firms as investment channels, each channel now offers a personal quota of RMB 1.5 Million.
Operational arrangements
Southbound Scheme –
Eligible Investor
Mainland - CCB
Hong Kong - CCB (Asia)
Funds for Investment
Open a dedicated
remittance account
Pairing of the Accounts
Open a dedicated
investment account
Principal & Investment Income
Purchase eligible wealth management products
distributed by CCB (Asia) via the dedicated investment account
Eligible Customer
Eligible Customers
  1. Have full civil capacity;
  2. Have a household registered in any of the 9 Mainland GBA cities or have paid social security or individual income tax for 2 consecutive years in any of the 9 Mainland GBA cities;
  3. Have at least 2 years of investment experience and hold household financial net assets of no less than RMB 1 million at the end of each month over the past 3 months, or household financial assets of no less than RMB 2 million at the end of each month over the past 3 months or have average personal annual income of not less than RMB 400,000 in the past three years.
  4. Not a vulnerable customer, as assessed by banks in Hong Kong.
Eligible wealth management products
Eligible wealth management products
  1. Investment products (excluding investment products listed and traded on the Hong Kong Exchanges and Clearing Limited)
  1. All funds domiciled in Hong Kong and authorized by the SFC, primarily investing in Greater China equity and assessed as “non-complex” by Hong Kong banks distributing such products;
  2. Except for the funds specified in item (a), funds that are assessed as “low” risk to “Medium-high” risk and “non-complex” by Hong Kong banks distributing such products, excluding high-yield bond funds and single emerging market equity funds;
  3. Bonds assessed as “low” risk to “medium” risk and “non-complex” (The bank does not currently provide)
  1. Deposits
  1. Renminbi, HKD and foreign currency deposits.
  1. Foreign Exchange
  1. Wide range of currencies and multiple service channels
  2. Preferential FX Rates
Product Features
Product Features
Feature 1
Offer over 300 Mutual Funds
The wide fund range provides customers with various solutions, satisfying the needs of different kinds of investors. (Click here for details)
Feature 2
Different asset classes coverage
Provides fund categories including equity funds, bond funds and balanced funds, allowing investors to invest flexibly across global markets.
Feature 3
Multiple currency options
In addition to HKD and RMB, a variety of popular currencies (such as USD, EUR, GBP, AUD, NZD, CAD, etc.) are also available for investors.
Feature 4
Dividend function
Some funds (especially bonds and certain balanced funds) pay out cash dividend on an annual, quarterly or monthly basis.
fund
Three steps to choose funds
fund
Step 1
Recognize your investment style
Through filling in our Investment Profile Questionnaire, you can understand whether you are a conservative or relatively aggressive investor based on your investment objectives, risk tolerance and investment tenor.
fund
Step 2
Analyze fund characteristics
  • Investment objective of the fund : Bond funds aim to provide stable cash income, whereas balanced funds aim to provide stable cash income while seeking for potential capital appreciation at the same time.
  • Scope of fund investment : Investing in different asset classes , industries or regions can help diversify investment risks . Take regions as an example, global market funds are more dispersed than funds invested in a single region or country.
  • Risks of fund investment : When selecting fund portfolios, conservative  investors may consider to choose bond funds with  lower volatility  and  comparatively more stable returns ; on the contrary, relatively  aggressive  investors may consider to choose balanced funds with  higher volatility  but  considerable higher potential returns . Furthermore, when investing in funds denominated in non-RMB currency, investor should also take the currency risks into consideration.
  • Offering Documents of the fund : Before selecting fund, should read and understand the fund’s offering documents (including but not limited to the Prospectus/Product Key Facts Statement/Financial Reports)
  • Past performance of fund : Investment return is not the only performance indicator of a fund. The past performance of a mutual fund is not a guide to its future performance and yields are not guaranteed.
fund
Step 3
Fund comparison
Although the past performance of funds does not represent future performance, it still holds a certain level of reference value. Fund comparison can distinguish a fund from its category through long-term performance and stability . Both our Online Banking and Mobile Banking provide functions to help investors understand more about funds:
  • Fund search : Set filter criteria to list out all eligible funds under the Southbound Scheme, check basic fund information and performance data, as well as download fund offering documents for more in-depth information.
  • Fund details : On <Fund Details >page, you can view fund information including data related to short-term, medium-term and long-term risks and returns.
  • Fund comparison # : Filter outstanding and stable-performing funds.
  • Funds overview : Frequently provides latest market information, enabling you to grasp market trends.
# Applicable to Online Banking only.
By following the three steps above, investors can choose fund portfolios that fit, decide on investment allocation and make investments. Fund investments should be regarded as long-term investments. Implementation to invest is only the first step for investing. It is more important to continuously review and rebalance investment portfolios based on personal needs and market conditions.
fund
Feature 1
Savings Deposit
  • WMC Multi-Currency Savings Account provides multiple currencies for customers to invest flexibly in eligible wealth management products
  • Pair with the dedicated remittance account in Mainland CCB
  • At the same time, enjoy deposit interest rates (please click here for the latest deposit rate); interest is calculated as daily and paid monthly
Feature 2
Time Deposit
  • WMC All-in-one Time Deposit Account provides multiple currencies^ to meet the deposit needs of customers
  • Provide Flexible tenor, from 1 week to a 12-month deposit period for customers to choose
  • Successfully open Time Deposit Account via Branch or e-Channels (including Mobile Banking or Online Banking) to enjoy preferential interest rate (p.a.) (For enquiry about the preferential interest rate (p.a.): log-on Mobile Banking or Online Banking >choose “Wealth Management Connect” >“Southbound Scheme-Interest Rate Information”)
^ Choices of currencies including HKD, USD, RMB, GBP, CAD, AUD, NZD, JPY, CHF, EUR & SGD
Foreign Exchange
Comprehensive Foreign Exchange Service
feature 1
Wide Range of Currencies
Choose up to 11 major currencies: HKD, USD, GBP, JPY, EUR, CHF, AUD, CAD, NZD, SGD and RMB.
feature 2
Preferential FX Rates
Enjoy Preferential exchange rates by exchanging via Online Banking or Mobile Banking. Please click here for the latest indicative exchange rates
feature 3
Multiple Service Channels
Enjoy our service on Foreign Exchange Service via Online Banking, Mobile Banking, Phone Banking and Branches.
open an account and invest
How to open an account and invest under the Southbound Scheme?
  1. Open an account with cross-boundary remittance function with CCB to serve as the dedicated remittance account. If an account with cross-boundary remittance function is already maintained with CCB, the account can be designated as the dedicated remittance account for the Southbound Scheme;
  2. Required information:
  • Mainland Resident ID card
  • Proof of address
  • Household registration or social security
  • Proof of assets (For details, please inquire with Mainland CCB)
  1. Choose to open a new account with investment function with CCB (Asia) in person or via CCB in the Mainland by attestation (please bring the necessary documents)
  2. Purchase eligible wealth management products distributed by CCB (Asia) through the dedicated investment account
Account Opening Process
Southbound Scheme- Overview of Account Opening Process
1
Wealth Management Connect Application
Pre-filled
e-form
Arrow
Submit Qualification
Review documents
Arrow
Submit e-form
via attestation
Arrow
Sign-off
e-form
Arrow
Complete account
opening application
Arrow
Receive SMS,
email notification
Website of
CCB (Asia)
Branch of CCB in Mainland
2
Fund Remittance
e-Channel or Branch of CCB in Mainland
3
Foreign Currency Trading
e-Channel or Branch or Phone of CCB (Asia)
4
(Time) Deposit
e-Channel or Branch of CCB (Asia)
5
Fund Transaction
e-Channel or Branch or Phone of CCB (Asia)
6
Fund Repatriation
e-Channel or Branch of CCB (Asia)
Apply Now

The application page is available in Simplified Chinese version only.


FAQs

The Bank will update all of The Terms and Conditions and the Schedule of Service Fees in this website from time to time as needed. Once the information is updated, the customer may not be able to view or download the information again. If necessary, please download and save the information for your future reference.

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Risk Disclosure
  • Investment involves risks, the offers are subject to the relevant terms and conditions. The prices of investment products fluctuate, sometimes dramatically, and may become valueless. Before making any investment decisions, customers are encouraged to consult their own independent financial advisors and read the relevant offering documents for further details including the risk factors in order to ensure that they fully understand the risks associated with the investment products.
  • Currency exchange rates are affected by a wide range of factors, including national and international financial and economic conditions and political and natural events. The effect of normal market force may at times be countered by intervention by central banks and other bodies. At times, exchange rates, and price linked to such rates, may rise or fall rapidly. The fluctuations in the exchange rate of a foreign currency may result in losses in the event that you convert HKD to any foreign currency or vice versa.
  • Currency exchange involves bid-ask spread.
  • RMB is currently not freely convertible and is subject to exchange controls and restrictions (which are subject to changes from time to time without notice). You should consider and understand the possible impact on your liquidity of RMB funds in advance. The fluctuation in the exchange rate of RMB may result in losses in the event that you convert RMB into other currencies. Onshore RMB and offshore RMB are traded in different and separate markets operating under different regulations and independent liquidity pool with different exchange rates. Their exchange rate movements may deviate significantly from each other.
  • Online Investment Trading Services. Due to unpredictable network traffic congestion and other reasons, the Internet and other electronic media may not be reliable media of communication and transactions conducted over the Internet and via other electronic media are subject to: (i) possible failure or delay in the transmission and receipt of instructions for any or all transactions in investment products or other information, and (ii) possible failure or delay of execution or execution at prices different from those prevailing at the time when your instructions were given. There are risks associated with the online investment trading system, including the failure of hardware and/or software, and the result of any such system failure may be that your orders are either not executed according to your instructions or are not executed at all. There are risks of interruption, distortion, omission, blackout or interception during the transmission of instructions for any or all transactions in investment products, as well as of any misunderstanding or errors in communication.
  • Mutual Fund Investment. The past performance of a mutual fund is not a guide to its future performance and yields are not guaranteed. Customers could lose some or all of the principal amount invested. Funds are not obligations of, or guaranteed by, the Bank or any of its affiliates. The Bank will normally be paid a commission or rebate by the fund manager.
Disclaimer
  • The final details of Cross-boundary Wealth Management Connect may vary. The information above is for your referenece only, which does not constitute advice to buy or sell, or an offer with respect to any investment products. Any offer, invitation or recommendation to any customers to enter into any investment transaction does not constitute any prediction of likely future movements in prices of any investment products. This content is issued by China Construction Bank (Asia) Corporation Limited, and has not been reviewed by the SFC or any other regulatory authorities in Hong Kong.
  • CCB (Asia) does not act as or hold itself out as the representative or agent of the Mainland partner bank in Hong Kong. The Mainland partner bank is not an authorized institution as defined in the Banking Ordinance, and that deposits maintained with the Mainland partner bank are not protected by the Deposit Protection Scheme in Hong Kong, and is not subject to the supervision of the Hong Kong Monetary Authority.
Hotline
Dial 2779 5533 (Please press "3") (Dial from HK)
Branch
China Construction Bank (Asia) Branch