Harry Wu, journalist for Southern Finance Omnimedia Corp (SFC)

As China continues to open up its financial markets, what isthe role of Greater Bay Area (GBA)in the future?

Alec Kersman, head of PIMCO in Asia-Pacific, believes the GBA Wealth Management Connect program presents a fantastic opportunity. Considering the large population in this region, which combines southern China including Hong Kong and Macao, the program holds significant potential. Over the past few years, the program has evolved and made steady progress.

“We have already observed positive developments in both Southbound and Northbound capital flows. Additionally, the authorities have continuously adapted the program to meet emerging needs. We expect this trend to continue, driving increased interest in investment opportunities and products,” Kersmanadded.

Furthermore, ongoing enhancements to the regulatory framework will support the development and launch of the products that clients are seeking, and he anticipates the GBA Wealth Management Connect program will achieve great success in the long term.

Kersman is a managing director and head of PIMCO in Asia-Pacific. He is responsible for setting the strategic direction for the region and leading a team of professionals to deliver investment solutions and service to Asia-Pacific clients. He has 24 years of investment and financial services experience and holds an MBA from Harvard Business School and a J.D. degree from the University of Buenos Aires, Argentina.