After Futu, Tiger, and Longbridge, Huasheng Securities to Clean Up Mainland China Business

According to a report by Cailian Press, Huasheng Securities issued a notice to its clients stating that, starting from June 15, Beijing time, it will make corresponding adjustments to its services for existing investor accounts in Mainland China: 1. Mainland China trading services: Suspension of new opening and increasing positions for all types of securities, including stocks, only allowing sell and close position operations. 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 these adjustments are being made to comply with industry regulatory requirements during the two-year concentrated rectification period and to promote the standardized development of cross-border securities business. It emphasizes that this adjustment will not affect the provision of services to existing investors outside Mainland China, nor will it impact the safety of existing assets for all clients. Clients can continue to check their accounts, hold existing positions, and sell their holdings as usual.