Frequently Asked Questions

Northbound Scheme FAQs

Q1. Can I apply for the WMC "Northbound Scheme" Service?
Q2. What information is required to apply for the WMC "Northbound Scheme" Service?
Q3. Where to apply for the WMC "Northbound Scheme" Service?
Q4. How long does it take to approve an application for the WMC "Northbound Scheme"?
Q5. I have a Debit Card issued by the China Construction Bank Shanghai branch, can I apply for the WMC Services?
Q6. Is access to Mainland e-banking / Mobile banking channels required?
Q7. What’s the validity period for a successful application confirmation code?
Q8. I originally chose to complete the application online, but 7 days has expired after receipt of the SMS confirmation message. Can I complete the application offline at the Mainland CCB?
Q9. Can I make simultaneous applications at two different banks when applying for the WMC “Northbound Scheme”?
Q10. I have just completed the pre-application process at CCB (Asia), but I have not yet received the confirmation SMS message. How do I complete the application process?
Q11. Why can't I find the “Northbound Scheme” menu on the Mobile Banking app? When can I perform “Northbound Scheme” operations on the CCB (Asia) Mobile Banking app? Will there be notifications?
Q12. Are Foreign Currency Fund Transfers permitted to be made from Banks in HK / Macau to an Investment Account in a Mainland Bank?
Q13. How long does it take to remit money from Hong Kong and/Macau to an Investment Account in the Mainland? Is it automatically credited in real time? Will remittance fees be charged?
Q14. Can I cancel a WMC “Northbound Scheme” Account online? And can other person(s) cancel the account on my behalf?
Q15. Where can I find out more detailed information about the CCB WMC "Northbound Scheme"?

Southbound Scheme FAQs

Q1. Can I apply for WMC "Southbound Scheme" Service? What is a qualification review? What does the qualification review include?
Q2. Where to apply for the WMC "Northbound Scheme" Service?
Q3. How long does it take to apply for the WMC “Southbound Scheme” in CCB (Asia)?
Q4. What information do I need to provide to complete the application for WMC “Southbound Scheme” Service?
Q5. What is the validity period of the “WMC (Southbound Scheme) Qualification Review Confirmation Letter” issued by Mainland CCB?
Q6. How do I apply for a WMC account opening by attestation?
Q7. How to open an account for WMC “Southbound Scheme” at CCB (Asia) branch?
Q8. What is the validity period of the pre-filled e-form of WMC?
Q9. Can I make simultaneous applications at two different banks in the same area when applying for the WMC “Southbound Scheme”?
Q10. Why can’t I find the “Southbound Scheme” menu on the Mobile Banking app? When can I perform “Southbound Scheme” operations on the CCB (Asia) Mobile Banking app? Will there be notifications?
Q11. How long does it take to remit money from Mainland to a Hong Kong WMC Multi-currency Savings Account? Is it automatically credited in real time? Will remittance fees be charged?
Q12. Where can I find more detailed information about the CCB WMC “Southbound Scheme”?
Q13. Can I use mobile or online banking to purchase eligible “Southbound Scheme” fund investment products upon completion of the application? What is the minimum investment amount?
Q14. Can the funds kept in the WMC multi-currency savings account be withdrawn?
Q15. How do I cancel a WMC “Southbound Scheme” Account? Can other person(s) cancel the account on my behalf?