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Since Launch of 'Cross-boundary Wealth Management Connect' 2.0, Banks in SZ Adds 27K New Individual Investors
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The Shenzhen Branch of the People's Bank of China (PBOC) and the Shenzhen Branch of the State Administrative of Foreign Exchange (SAFE) held a press conference for 1Q25. Since the launch of “Cross-boundary Wealth Management Connect” 2.0, banks in Shenzhen added 27,000 new individual investors, with cross-border payments totaling RMB42 billion, a surge of over 6x from that in the 1.0 era, accounting for nearly 50% of the proportion in the Greater Bay Area, according to the introduction. AAStocks Financial News |
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