The China Securities Regulatory Commission and seven other departments jointly issued the "Implementation Plan for Comprehensive Rectification of Illegal Cross-Border Securities, Futures, and Fund Activities," clearly prohibiting overseas institutions from providing account opening, trading, fund transfer, and other services illegally within the country in any form, and establishing a two-year focused rectification period to clean up illegal existing businesses. The plan also proposes strengthening cross-border regulatory cooperation and full-chain governance, covering multiple areas such as securities regulation, foreign exchange management, internet governance, and crime crackdown.

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