On May 22nd, the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission issued updates to the guidelines on cross-border securities, futures, and fund operations for mainland investors. Futu stated that the new guidelines are industry-wide unified requirements, and will steadily promote compliance in accordance with regulatory demands, having stopped opening accounts for mainland identities and continuing to crack down on fake account openings, with tens of thousands of non-compliant applications rejected in the past two years. By the first quarter of 2026, the proportion of mainland asset clients decreased to 13%.

MarsBitNews

2026-05-22 10:18:05

Abstract generation in progress

Mars Finance News, May 22 — The China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission each issued notices on May 22, updating guidelines regarding cross-border securities, futures, and fund activities for mainland investors. Futu stated that these guidelines and regulations serve as unified requirements for the entire industry and will be implemented steadily in strict accordance with the regulatory authorities' demands. Futu emphasized that it has already fully ceased opening accounts for applicants with mainland Chinese identification and has been continuously working to combat fake account openings, rejecting tens of thousands of non-compliant account applications over the past two years. Futu has always actively communicated with regulatory agencies and followed their rectification requirements. As of the end of the first quarter of 2026, the proportion of clients with assets from mainland China among the company's total asset clients has decreased to 13%.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
7
2
Share

Comment

Add a comment

GlassCityAfterTheRain

· 8h ago

Are the Q1 2026 data already out? Such efficiency.

View OriginalReply0

TheFeelingOfEthInTheSeaBreeze

· 8h ago

Mainland identity cannot open an account, what should existing customers do?

View OriginalReply0

DuskStop-LossLine

· 8h ago

Fighting fake accounts should have been this strict all along; what is being protected are genuine investors.

View OriginalReply0

TheNemesisOfFomo

· 8h ago

Cross-border investment channels are becoming more regulated, and retail investors need to find new ways.

View OriginalReply0

GateUser-b4b056d3

· 8h ago

Tens of thousands of rejections, the amount of fake account openings is greater than expected

View OriginalReply0

ACalmnessWithAHintOfPomelo

· 8h ago

The 13% share is decreasing quite quickly, indicating strong enforcement.

View OriginalReply0

GateUser-83a2dd8a

· 8h ago

Compliance is the general trend; Futu is taking steady steps forward.

View OriginalReply0

Trending Topics
View More
#
TradfiTradingChallenge
267.96K Popularity
#
PlatinumCardCreatorExclusive
79.53K Popularity
#
DailyPolymarketHotspot
1.03M Popularity
#
GateSquarePizzaDay
609.35K Popularity
#
SpaceXOfficiallyFilesforIPO
554.84K Popularity

Pinned

Sitemap

Futu responds: The proportion of clients with assets in Mainland China has decreased to 13%.

Trending Topics

TradfiTradingChallenge

PlatinumCardCreatorExclusive

DailyPolymarketHotspot

GateSquarePizzaDay

SpaceXOfficiallyFilesforIPO

Pinned