金色财经|Jun 06, 2026 06:38
[After Futu, Tiger, and Longbridge, Huasheng Securities, which has not been 'named,' will also clean up its mainland business]
According to a report by Jinse Finance, on June 6, following Futu, Tiger, and Longbridge, another cross-border brokerage firm announced the cleanup of its existing mainland business. On the morning of June 6, Huasheng Securities issued a notice to its clients stating that, starting from June 15 Beijing time, Huasheng Securities will make corresponding adjustments to the services for existing investor accounts in mainland China:
1. Mainland China trading services: Suspension of new positions and additional positions for all types of securities, including stocks, with only sell and close-out operations supported.
2. Mainland China fund transfer services: Suspension of fund and securities transfers into accounts, while transfer-out functions will remain normal.
The notice indicates that this adjustment is to comply with the regulatory requirements of the two-year concentrated rectification period, promote the standardized development of cross-border securities business, and emphasizes that this adjustment will not affect the provision of services to existing investors overseas, nor will it impact the safety of all clients' current assets. Clients can continue to check their accounts, hold existing positions, and sell their holdings as usual.
This also means that, in addition to the three brokerages directly 'named' by the China Securities Regulatory Commission on May 22, some small and medium-sized brokerages will also begin rectifying their existing illegal businesses. (Yicai)
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