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China Merchants Bank Wing Lung Bank is conducting a comprehensive review of Mainland Chinese investors' "Zero Balance Non-Active Investment Accounts"; failure to submit the required declaration form may result in trading suspension and account closure.

58 minutes ago

China Merchants Wing Lung Bank issued an important notice to customers today, stating that in compliance with the latest risk management and account compliance guidelines from the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC), it is conducting a comprehensive optimization and review of investment accounts held by mainland Chinese investors. Upon verification, all investment accounts held by the relevant customers (including wealth management, securities, and/or paper gold passbook accounts) had zero asset balances as of May 22, 2026, and no investment transaction records in the past 12 months, thus being classified as "zero-balance inactive investment accounts". To maintain normal account operations, the bank requires customers to submit the "Inactive Investment Account Declaration Form" as soon as possible. Customers can submit the form via the automatic pop-up window in their personal accounts on the China Merchants Wing Lung Bank mobile app; holders of joint accounts or those who have not registered for the mobile app may call the customer service hotline to complete the submission per instructions. Each holder of a joint account must submit the form separately. The main contents of the declaration form include confirming the accuracy of personal information, the legality of fund sources, that the account has not been closed or suspended due to suspicious documents, and timely notification of any information changes, among other requirements. The bank reminds that if customers fail to submit the form in a timely manner, it will suspend new investment transactions (including stock purchases, wealth management product subscriptions, etc.) at an appropriate time; if the submission remains pending, the relevant "inactive investment accounts" may be closed starting from November 2026. Once an account is suspended or closed, no new securities or wealth management product investment transactions can be conducted.

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Nomura-backed Laser Digital secures Japan’s first crypto asset license in four years.

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