TechFlow News: On May 22, according to Securities Times, the China Securities Regulatory Commission (CSRC) and the Securities and Futures Commission of Hong Kong (SFC) jointly issued updated guidance on cross-border securities, futures, and fund activities involving mainland Chinese investors. Futu stated that these guidelines and regulations constitute uniform industry-wide requirements, and it will steadily advance its compliance efforts strictly in accordance with regulatory requirements.
Futu emphasized that it had already fully ceased opening accounts for applicants holding mainland Chinese identity documents and has continuously strengthened efforts against fraudulent account openings; over the past two years, it has rejected tens of thousands of account-opening applications that failed to meet regulatory requirements. Futu has consistently engaged proactively with regulators and adhered to their rectification requirements. As of the end of Q1 2026, mainland Chinese clients with assets accounted for 13% of the Group’s total number of clients with assets.
