According to First Financial, following Futu, Tiger, and Changqiao, Huasheng Securities will also adjust its services for existing accounts in Mainland China. Huasheng Securities notified clients on June 6 that starting from Beijing time June 15, new opening and additional trading of stocks and other products in Mainland China for existing accounts will be suspended, allowing only sell and close positions; at the same time, fund and securities transfers in will be suspended, while transfer out functions will remain normal. The notice stated that this adjustment is to comply with industry regulatory requirements during the two-year concentrated rectification period, and it does not affect existing investors' access to services abroad, nor does it impact the safety of clients' current assets. The report said that Huasheng Tong customer service indicated that if trading or fund transfer instructions are issued from Mainland China, regardless of account opening status, they may be subject to relevant restrictions.

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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned