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

BlockBeats News, May 23. Changqiao Securities further explained the recent regulatory issues regarding China's cross-border securities business. Changqiao Securities stated that the Hong Kong Securities and Futures Commission and mainland Chinese regulatory authorities have recently issued new regulatory requirements regarding cross-border securities business, providing industry-wide unified standards for services targeting mainland Chinese investors. This regulatory framework applies to all foreign financial institutions. Changqiao actively responds to the regulatory guidance from both sides and will steadily promote compliance work in accordance with the requirements.

Changqiao Securities stated that the scope of the regulatory requirements for account cleanup is limited and specific, mainly targeting two types of accounts: first, investment accounts opened with suspicious or forged documents; second, zero-balance idle investment accounts. Customer accounts opened in compliance with regulations, holding genuine assets and positions, are not within the scope of this cleanup. Changqiao firmly supports a zero-tolerance attitude towards fraudulent account opening behavior and will handle them strictly in accordance with regulatory requirements.