[Certain Banks in Hong Kong Now Require a Declaration to Confirm Source of Funds for Opening Investment Accounts] Odaily Planet Daily News: Banks in Hong Kong and some of their clients have reported that starting yesterday (May 26), new requirements have been implemented for opening investment accounts offline through banking channels in Hong Kong. Clients are now required to sign a declaration confirming the legal source of their funds. A representative from a foreign bank in Hong Kong stated that the addition of this declaration is indeed in place and is an adjustment made in accordance with local regulatory requirements. According to documents provided by several clients, the newly added cross-border disclosure declaration primarily states that individuals opening investment accounts must confirm that 'all funds used to support investment activities and related settlements originate from legal sources outside Mainland China.' Additionally, Mainland Chinese residents are reminded that investment account services are only available to investors physically present in Hong Kong (e.g., living or working in Hong Kong) and that the source of funds must be legal and compliant. (Cailian Press)