Changqiao Securities: Actively responding to regulatory guidance from both regions, steadily advancing compliance efforts

Deep Tide TechFlow News: On May 23, according to a report from e company, Changqiao Securities provided further clarification on recent regulatory matters relating to China’s cross-border securities business. Changqiao Securities said that the Hong Kong Securities and Futures Commission and mainland regulatory authorities such as the China Securities Regulatory Commission have recently issued, one after another, the latest regulatory requirements for cross-border securities business, and have established industry-wide unified standards for the relevant services offered to mainland investors. These regulatory rules are applicable to all overseas financial institutions. Changqiao is actively responding to the regulatory guidance from both regions and will strictly carry out compliance work in a steady and orderly manner in accordance with the relevant requirements.

Changqiao Securities said that the scope of accounts to be addressed under this regulatory requirement is limited and clearly defined, mainly targeting two types of accounts: first, investment accounts opened using suspicious or forged documents; second, zero-balance, inactive investment accounts. Customer accounts that are normally opened in compliance, with genuine assets and holdings, are not included in the scope of this cleanup. Changqiao firmly supports the regulator’s zero-tolerance stance toward false account-opening conduct and will handle such matters strictly in accordance with regulatory requirements.