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After the new regulations, have existing investors had their accounts closed by Hong Kong banks? ZhongAn Bank: Handled according to established procedures and arrangements

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As the Hong Kong Monetary Authority's account opening regulations are gradually implemented, some investors have recently reported receiving emails from Hong Kong banks notifying them that their accounts will be canceled. Among them, one investor explicitly stated that "ZhongAn Bank has started closing accounts for mainland US stock users." In response to these reports, Caixin Media contacted ZhongAn Bank for an interview. ZhongAn Bank stated that it has always conducted periodic reviews of customer investment accounts in accordance with relevant regulatory requirements. As long as customers provide genuine and valid information at the time of account opening, pass the bank's ongoing due diligence, and their subsequent account operations comply with relevant regulations, their customer service generally will not be affected. ZhongAn Bank also clarified that if some accounts are canceled, it is a procedural action taken by the bank according to established procedures and not an action mandated by regulatory authorities. (Caixin Media)
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