One month after the inception of the Cross-border Wealth Management Connect pilot program, CITIC South China, Huatai Securities, and GF Securities, among the initial batch of 14 participating securities firms, have reported cross-border remittance funds exceeding RMB 100 million. Notably, the number of new users has skyrocketed, marking a 13-fold increase compared to the previous month. Within this dynamic, the southbound scheme has garnered significant popularity, whereas the northbound scheme has experienced a relative lull. Industry experts attribute this to the highly volatile nature of the cross-border investment market, coupled with the intricate knowledge and regulations of the international financial market that are integral to cross-border wealth management. They further emphasize the need for enhanced service experiences to cater to customers' evolving demands in cross-border wealth allocation.