深潮TechFlow|May 27, 2026 06:23
[New Requirement for Declaration of Legal Source of Funds When Opening Investment Accounts Offline at Certain Banks in Hong Kong]
According to Deep Tide TechFlow news on May 27, citing a report from the Financial Associated Press, some banks in Hong Kong and their clients have indicated that starting from May 26, certain banks in Hong Kong have introduced a new requirement for customers to sign a declaration of the legal source of funds when opening investment accounts offline. This declaration confirms that all funds used for investment activities and related settlements originate from legal sources outside mainland China.
The report states that the new document is titled 'Cross-Border Disclosure Statement (Applicable for Investment Account Opening Services),' and the adjustment is in line with local regulatory requirements. Mainland investors who opened accounts between May 23 and May 25 are also required to re-sign the updated declaration. Until the re-signing is completed, the account's buy transaction functionality will be suspended, though existing holdings and assets will remain unaffected.
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