Asset and Wealth Management Series

[Webinar] Enhancing Connectivity between Capital Markets in the GBA via Wealth Management Connect

New Seminar


The Hong Kong Monetary Authority announced on 18 October 2021 that 19 eligible banks in Hong Kong could launch Cross-boundary Wealth Management Connect (WMC) services. The launch of GBA WMC is another new member joining the Connect Schemes Club which links up capital markets in the Mainland and Hong Kong after the launch of the Stock Connect in 2014 and the Bond Connect in 2017.

The GBA is China’s most open and affluent region, accounting for one-fifth of China’s high-net-worth families. The immense potential of the mainland economy is also attracting many international investors to increase their exposure to Mainland-related investments in RMB assets. The WMC will create a much greater customer base and propel local wealth management industry in the GBA cities, further fortifying Hong Kong’s role as an international financial centre as well as the integration of financial services in the GBA.


By the end of this webinar, participants will be able to understand different aspects of GBA WMC including growth potential, operational requirements, system and IT-related Infrastructure and market updates after the launch.


1. Highlights of the Pilot Scheme
2. Key considerations for Business Processes and Operational Controls
3. System and IT-related Infrastructure Implementation requirements
4. Market updates after the recent launch

Who should attend

The webinar is primarily targeted at investment advisors, fund managers, in-house counsel & compliance, senior management such as Responsible officers, Managers-in-Charge, directors, CIOs, COOs, CEOs of financial institutions and bankers who would like to have a better understanding of current developments and potential of the wealth management scheme.

Speaker/Course Instructor

Gary NG
Gary is a Partner in the Risk Assurance practice of PwC Hong Kong with over 20 years of experience. He specialises in the financial services sector including banking, asset and wealth management and insurance industries. He has extensive professional experience in the provision of assurance and advisory services to Hong Kong, Mainland China, Macau, Taiwan and international financial services clients.

Gary’s areas of expertise and experience include business process and application controls, IT systems and operational procedures implementation, e-banking/e-trading/e-payment, virtual bank and fintech, cyber security and data protection, corporate governance, operations and technology outsourcing, regulatory compliance and reporting, testing management, due diligence and process integration, business continuity and resilience management, data management and analytics, investigations, C-SOX/US-SOX, deposit protection, FATCA/CRS, IAS39/IFRS9, and BASEL regulatory framework, etc.

Gary has a number of other professional qualifications such as Fellow member of the Association of Chartered Certified Accountants (FCCA), Certified Information System Auditor (CISA), Certified Information Systems Security Professional (CISSP) and Financial Risk Manager (FRM). He is also a regular speaker at industry seminars, forums and training events.
Adams CHAN
Adams is the Leader of the Financial Services Risk and Regulation Practice of PwC Hong Kong with over 24 years of professional experience. Adams has been providing regulatory advisory services to various financial institutions in the Greater Bay Area. Adams specialises in providing regulatory advisory services to the investment banks, commercial banks, brokerage houses and fund management companies. He has led various regulatory projects of different nature, including many internal control/compliance reviews, regulatory investigations and advisory projects on regulatory requirements.

Adams has advised various financial institutions on the regulatory requirements stipulated by the HKMA/SFC and assisted them in the preparation of compliance documentation and implementation of processes and procedures. In addition, he has also led many remediation projects where he assisted the banks concerned in addressing specific compliance issues as identified by the regulators.

Adams is also the Vice Chairman of the Professional Ethics Review Committee of the Institute of Financial Planners of Hong Kong.
Yuri LIU
Yuri is a Senior Manager of the Financial Services Risk and Regulation Practice of PwC Hong Kong. She has 13 years experiences in providing advisory and audit services to financial institutions. Her field of expertise includes offering services of advisory, financial due diligence and internal control audit to commercial banks, licensed corporations and other financial institutions in both Hong Kong and Mainland China.

She provides advisory services to retail and commercial banks in Hong Kong and Mainland China in the launch of new business, including private banking business and insurance agency business. She leads in assisting clients in the launch of GBA WMC business, provide advisory service in client’s setting up WMC business and performs the relevant independent assessment in compliance requirements and regulatory application. She provides advisory services to client in the virtual banking licenses and traditional banking license, and provides support to clients covering corporate governance structure, systems of controls and regulatory reporting framework. She is experienced in internal control, risk management and financial accounting of banking industry.


Date & Time
Thursday, 2 Dec 2021 (12:20PM - 1:20PM)
Virtual Platform
Relevant Subject
Regulatory Compliance
New, Seminar
Trad. Chi / Cantonese
SFC:1.00, PWMA:1.00