Tiger Brokers and Futu Securities Further Close Account Opening Channels for Mainland Chinese Residents

BlockBeats News, September 22nd, according to The First Financial Daily, the cross-border internet brokers Futu Securities and Tiger Brokers have further closed the account opening channels for Chinese mainland residents.

According to the latest regulatory requirements, Futu Securities' account opening conditions have changed, and currently, Chinese mainland customers need to hold overseas permanent residency identification. Futu Bull Bull customer service emphasized that the company is currently undergoing system upgrades, and at this stage, only customers with Hong Kong or Macau identification cards can open accounts; after the system upgrade is completed, customers can use mainland identification cards + overseas permanent residency identification for account opening.

Tiger Brokers customer service also stated that, in response to the latest regulatory requirements, the company has adjusted its account opening policy for Chinese mainland residents and has stopped accepting Chinese mainland residents' applications for account opening via providing overseas work or living-related proof documents since last week, only accepting applications from customers holding non-Chinese mainland identification documents.

However, on the evening of the 22nd, when reporters called Futu Securities and Tiger Brokers customer service, the automatic voice service prompts in both cases regarding the account opening conditions for Chinese mainland residents remained the same as before and have not been updated.