Huasheng has also stopped. After Futu Tiger’s Changqiao bridge, it’s now its turn. During the two-year rectification period, the route for mainland capital to go overseas has been getting narrower and narrower—existing positions can still be sold, but new ones? Basically no chance.

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.