[Some Banks in Hong Kong Now Require Declaration to Confirm Source of Funds for Opening Investment Accounts] According to a report by Jinse Finance, on May 27, a reporter from Cailian Press learned from banks in Hong Kong and some of their clients that, starting yesterday (May 26), new requirements have been implemented for opening investment accounts through offline channels at banks 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 confirmed to the Cailian Press reporter that the aforementioned new requirement to sign the declaration does exist and is an adjustment made in accordance with local regulatory requirements. Based on documents provided by several clients, the newly added cross-border disclosure declaration primarily states that the account holder 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., those living or working in Hong Kong) and that they must ensure the legality and compliance of their fund sources. (Cailian Press)