Citic, CICC among 10 brokerages included in China's Greater Bay Area wealth scheme

Citic, CICC among 10 brokerages included in China's Greater Bay Area wealth scheme

FILE PHOTO: A Chinese flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China February 8, 2024. REUTERS/Florence Lo/File Photo

China and Hong Kong are set to expand a pilot wealth scheme that allows residents to invest cross-border by adding the first batch of 10 securities firms, including the countries’ largest brokerages, two people with direct knowledge told Reuters.