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CSRC Reportedly Meets HK Brokers in Shenzhen to Review Progress on Rectifying Mainland Existing Clients
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The China Securities Regulatory Commission (CSRC) recently met with heads of Hong Kong brokerages in Shenzhen to review the latest progress on rectifying existing Mainland clients and to reiterate various regulatory requirements, Sing Tao Daily reported, citing sources. Starting this week, some local brokerages have begun rectification measures, including prohibiting Mainland clients (holding only Mainland identity documents) from opening accounts, clearing non-compliant clients, and adjusting onshore services. During the meeting with brokerage executives, the CSRC once again clearly set out regulatory requirements, including suspending onshore online account opening, report said, citing sources. For position increases, trading must not be conducted via onshore IP addresses. The regulator also emphasized that rectification of existing onshore clients must be completed within two years, with a full cessation of illegally providing trading and other services within the Mainland. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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