Financials Oct 19, 2021 06:51 AM (GMT+8) · EqualOcean
Financial Associated Press, October 19 (Xinhua) there are two common expectations for the performance of the interviewed banks in the early stage of the cross-border financial link pilot. On the one hand, the scale of cross-border CAITONG business in the early stage of the pilot is not easy to increase. "Affected by the epidemic, the customs clearance between the mainland and Hong Kong and Macao is temporarily limited. It is expected that there is little demand for cross-border wealth management in the initial stage of the pilot, but it is firmly optimistic about the medium and long-term trend." the relevant person in charge of Xiamen International Bank said. On the other hand, affected by the initial product composition, yield differences and other factors, many respondents expect that there may be a situation of "cold in the South and hot in the north" in the initial stage of the pilot.