China will launch a cross-border wealth management project and a southbound leg of the Bond Connect program in the next few days, said an official from the country's central bank.

Hong Kong and Macao investors will be able to continue expanding their investment in the Chinese mainland capital and bond markets, said Pan Gongsheng, deputy head of the People's Bank of China, at a news conference.

The Bond Connect program, launched in July 2017, is a mutual market access scheme that allows overseas investors to invest in the Chinese mainland's interbank bond market using financial institutions on the mainland and in Hong Kong.

Pan said a couple of financial pilot projects have been put into operation in the Guangdong-Hong Kong-Macao Greater Bay Area, including Hengqin and Qianhai.

Over the past week, China has issued a general plan for building a Guangdong-Macao in-depth cooperation zone in Hengqin and a plan for further developing a cooperation zone for the southern metropolis of Shenzhen and Hong Kong.

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