$GT $ETH 【Hong Kong Monetary Authority: The banking sector has implemented the latest regulatory requirements to ensure that account opening processes are compliant and orderly】

According to reports from the Hong Kong Radio website, a spokesperson from the Hong Kong Monetary Authority stated that Hong Kong regulators have maintained close and ongoing communication with mainland regulators. In response to the circular from the Hong Kong Securities and Futures Commission, which requires brokerages to take additional measures for the opening and management of mainland investor accounts, the HKMA also requires banks to adopt high business standards comparable to those of the SFC. The spokesperson said that the banking industry has already implemented the latest regulatory requirements issued by the HKMA to ensure that account opening processes are compliant and orderly. The HKMA emphasized that Hong Kong banks have strict account opening procedures in place, ensuring that business operations are compliant and conducted in an orderly manner, which is part of ongoing regulatory requirements. Mainland residents can allocate assets and invest in qualified financial products through various legal cross-border investment channels, including the Cross-border Wealth Management Connect, or through mainland brokers via the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connects.