According to Caixin Media, it is reported that mainland brokerages will officially launch the pilot cross-border wealth management business tomorrow (the 4th), allowing eligible investors to make investments. Currently, 14 pilot brokerages are stepping up their final preparations in the hope of completing the first transaction on the day of the business expansion.

On November 1st, the CSRC announced the first batch of brokerages participating in the pilot program for cross-border wealth management. Over the past month, brokerages have completed a series of work including pre-qualification of investors, product development, establishment of marketing teams, and follow-up on investment education services.

According to the CSRC's earlier announcement, 14 licensed corporations are qualified to participate in the pilot program for the Guangdong-Hong Kong-Macao Greater Bay Area Cross-Border Wealth Management Connect (Cross-Border Wealth Management). These 14 licensed corporations are China Galaxy International Securities (Hong Kong), Cisi Fin Securities, China International Finance Hong Kong Securities, China Merchants Securities (Hong Kong), Ping An Securities (Hong Kong), China Securities Co., Ltd. (International), Citic Securities Brokerage (Hong Kong), Gf Sec (Hong Kong), Guosen Securities (Hong Kong), Gtja Securities (Hong Kong), Huatai Financial Holdings (Hong Kong), Guojin International Securities (Hong Kong), Swhy Securities (Hong Kong), and Ctic International Securities.