According to First Financial, after Futu, Tiger, and Changqiao, Huasheng Securities will also adjust services for existing accounts in mainland China. Huasheng Securities notified customers on June 6 that, starting from June 15 (Beijing time), it will suspend new opening and additional trading of stocks and other products in existing accounts in mainland China, and will only support selling and closing positions. At the same time, it will suspend transfers of funds and securities into the accounts, while the out-transfer function will remain normal. The notice said that this adjustment is to implement industry regulatory requirements during the 2-year concentrated rectification period, and will not affect existing investors’ ability to obtain services abroad, nor will it affect the safety of customers’ current assets. Reports say that Huasheng Tong customer service stated that if trading or fund transfer instructions are issued from mainland China, regardless of the account opening status, they may be subject to the relevant restrictions.

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GateUser-f85bc167
· 11h ago
If this trend continues, will I have to profit first to trade Hong Kong and US stocks in the future? The threshold is becoming more and more outrageous.
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GasFeesForNightRuns
· 12h ago
Another one, as expected
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GateUser-0d1088ad
· 12h ago
Withdrawing normally is fine, quickly withdraw the funds and wait to see the subsequent policies.
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GateUser-ae5cc7b3
· 12h ago
Sending instructions from the mainland is restricted, but what about those physically overseas? Customer service's explanation is a bit vague.
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OtcMoonwalker
· 12h ago
During the two-year concentrated rectification period, it seems that regulation is serious; existing users can only sell and cannot buy, gradually phasing out.
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BoringButBullish
· 12h ago
Saying that asset security won’t be affected is an old cliché, but with the functionality cut down like this, the user experience is effectively zeroed out.
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Frost-ColoredCubeCity
· 12h ago
Futu Tiger Changqiao Huasheng, queuing for rectification, opening accounts for Hong Kong and US stocks is becoming increasingly difficult.
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