Changqiao Securities: Actively Responding to Regulatory Guidelines in Both Regions, Will Steadily Promote Compliance Work

May 23: Changqiao Securities has further clarified recent regulatory developments related to China's cross-border securities business. The firm notes that the Hong Kong Securities and Futures Commission (SFC) and mainland Chinese regulators have recently issued new rules for cross-border securities operations, establishing unified industry standards for services catering to Chinese mainland investors. These regulations apply to all foreign financial institutions, Changqiao says. The company is actively responding to guidance from both regulators and will steadily advance its compliance work in line with the requirements. The scope of the account cleanup requirements is narrow and specific, targeting two main account types: 1) investment accounts opened with suspicious or forged documentation; 2) zero-balance, dormant investment accounts. Customer accounts opened in accordance with regulations that hold genuine assets and positions are not subject to this cleanup. Changqiao firmly supports a zero-tolerance approach toward fraudulent account opening and will handle such cases strictly in compliance with regulatory mandates.