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Cross-boundary Wealth Management Connect

Cross-boundary Wealth Management Connect (“WMC”) is an important measure supporting the closer financial cooperation between the Mainland, Hong Kong and Macao, facilitating cross-boundary wealth management for individual residents in Guangdong-Hong Kong- Macao Greater Bay Area (“GBA”). Leveraging our experience in Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, as well as our strategic alliance with the Mainland partner bank, we can further expand relevant business and help our customers grasp more opportunities.

Mainland partner bank:

Risk Disclosure

-	Investment involves risks. Terms and Conditions are applied. The information contained in this document is not for the purpose of providing investment advice and does not constitute any offer, invitation, advice or recommendation for any transactions with any persons. Customers should read and fully understand all the relevant documents for detailed information, including but not limited to the related risk disclosures of the Cross-boundary Wealth Management Connect ("WMC") (including but not limited to quota restrictions, practices differing between the Mainland and Hong Kong, investment risk, currency risk, risks in the Mainland market, etc.) before making any investment decisions. The information of this document has not been reviewed by the Securities and Futures Commission of Hong Kong ("SFC") or any regulatory authorities in Hong Kong.
-	The products described herein may not be suitable for all people. If customers have any doubt about this material or any relevant offering document, they should consult their own independent advisers on the legal, regulatory, tax, investment and financial implications of the investments (including but not limited to estate duty and withholding tax and other tax obligations which may arise from local or foreign investment) as they deem appropriate to ensure that they understand the nature of the investments in order to consider whether the investments are suitable investments for them.
-	Exchange and RENMINBI Currency Risk: Foreign currency investments are subject to exchange rate fluctuations which may result in losses. If the investment is denominated in a foreign currency or invest in assets denominated in a currency other than the base currency, you may face an exchange rate risk or exchange controls or any other restrictions which the return or amount you receive after redemption may be reduced. The fluctuation in the exchange rate of foreign currency may result in losses in the event that customer converts the foreign currency into Hong Kong dollars or other foreign currencies. If RENMINBI is involved in the investment product(s), offshore RENMINBI exchange rate will be quoted. The offshore RENMINBI exchange rate may be at a premium or discount to the exchange rate for onshore RENMINBI and there may be significant bid and offer spreads. RENMINBI is subject to exchange rate risk, RENMINBI is currently not freely convertible. Customers should be aware that they can conduct conversion of RENMINBI through bank accounts, for which it is subject to the requirements specified by the Relevant Authorities from time to time (the requirements may amend from time to time without any prior notice) the requirements specified by the Bank and/or the RMB position and commercial decisions of the Bank at that moment.

Important Notes

Mainland partner bank is incorporated in the People's Republic of China and is not an authorized institution in Hong Kong as defined in the Banking Ordinance and is not subject to the supervision of the Hong Kong Monetary Authority. Mainland partner bank cannot carry on any banking business or business of taking deposits in Hong Kong. Any deposits under the Northbound Scheme maintained with the Mainland partner bank are not protected by the Deposit Protection Scheme in Hong Kong. Investment products offered by the Mainland partner bank have not been authorised by the SFC and the relevant offering documents have not been examined by the SFC. Investors should exercise caution in relation to such offers. Shanghai Commercial Bank Limited (the "Bank") is not an agent or representative of the Mainland partner bank in Hong Kong.
For more information about products or services of Bank of Shanghai, please call (86) 21 66614500 or visit Bank of Shanghai's website www.bankofshanghai.com.
Some of the above information is prepared by the Bank based on the latest information provided by the regulatory authorities and is for reference only. WMC services are subject to Terms and Conditions. For details, please refer to "Supplemental Terms and Conditions for Greater Bay Area Cross-boundary Wealth Management Connect Scheme and Risk Disclosures". If customers have any comment on the services under Northbound Scheme or Southbound Scheme of WMC, customers can contact us through the channels listed on "Contact Us" page of the Bank's website. To learn more about WMC, customers can refer to website of HKMA: https://www.hkma.gov.hk/eng/key-functions/international-financial-centre/wealth-management-connect/

General Terms and Conditions
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