TechFlow News, June 10: The Securities and Futures Commission (SFC) of Hong Kong further clarified its May 22 circular. Frequently Asked Question (9) in the circular states that licensed firms in Hong Kong may continue to open new accounts for Mainland Chinese investors—i.e., investors whose identity is verified using a Mainland Chinese resident ID card and/or a Mainland Chinese passport—provided all account-opening requirements are met.
The SFC stated that licensed firms in Hong Kong may continue servicing existing Mainland Chinese clients, provided such services are not delivered within Mainland China and the firms comply with all applicable laws and regulatory requirements in Hong Kong and other relevant jurisdictions. The SFC also noted that it has taken note of the joint notice issued by Mainland Chinese authorities on May 22, 2026; the requirements therein apply to financial institutions in other jurisdictions—not limited to Hong Kong—when providing services to Mainland Chinese investors. (Jinshi)
