Futu's announcement can be seen as drawing a clear boundary for mainland users, giving those with Hong Kong status a sigh of relief, while purely mainland users need to keep a close eye on their accounts to avoid being cleared out. Take screenshots and keep records during the two-year grace period.

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Futu responds to China's new cross-border securities regulations: users holding foreign Chinese identities are unaffected
Futu Securities (Hong Kong) announced that China's eight ministries have issued a cross-border securities regulation plan targeting institutions that provide overseas securities and fund trading services to mainland investors. Any claims that are not subject to the new regulations may be scams; it is recommended to keep written evidence to protect asset security. Regulatory guidelines only affect investors who "only hold mainland ID/passport and have no overseas identity"; those holding Hong Kong permanent/non-permanent resident IDs, work visas/study visas, or other overseas documents are not affected. Futu stated that they have not yet entered the two-year concentrated rectification period, and account and trading fund services are operating normally.
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