星球日报|5月 23, 2026 12:16
[Longbridge Securities: Actively Responding to Regulatory Guidelines from Both Regions, Steadily Advancing Compliance Work]
Odaily Planet Daily News – Longbridge Securities has provided further clarification regarding recent regulatory matters concerning cross-border securities business in China. Longbridge Securities stated that the Hong Kong Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC), along with other mainland regulatory authorities, have recently issued the latest regulatory requirements for cross-border securities business, establishing unified industry standards for services targeting mainland investors. These regulatory rules apply to all overseas financial institutions.
Longbridge is actively responding to the regulatory guidelines from both regions and will steadily advance compliance work in strict accordance with the relevant requirements. Longbridge Securities emphasized that the scope of accounts subject to cleanup under the current regulatory requirements is limited and clearly defined, primarily targeting two types of accounts: first, investment accounts opened using suspicious or falsified documents; second, zero-balance inactive investment accounts. Accounts that were opened in compliance with regulations and have genuine assets and holdings are not within the scope of this cleanup.
Longbridge firmly supports the regulatory stance of zero tolerance toward fraudulent account openings and will handle matters strictly in accordance with regulatory requirements. (e Company)
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