Changqiao Securities: Suspension of New Opening and Additional Position Trading of All Securities in Mainland China from June 12th

BlockBeats News, June 3rd, Changqiao Securities Announcement: To implement the relevant industry regulatory requirements during the 2-year concentrated rectification period of the China Securities Regulatory Commission, and promote the standardized development of mainland China's cross-border securities business, Changqiao will make corresponding adjustments to the services of existing investors' accounts within mainland China. The details are as follows:

Domestic Trading Services in Mainland China: New opening of positions and additional buying of all types of securities, including stocks, will be temporarily suspended, only supporting sell and close-out operations;

Domestic Fund Transfer Services in Mainland China: Fund deposits will be suspended, while withdrawals will remain normal to fully safeguard your fund security.

The above arrangements will take effect from June 12, 2026, Beijing Time. This adjustment will not affect the services provided to existing investors in mainland China, nor will it affect the security of all clients' current assets. Clients can actively inquire about their accounts, holdings, and sell existing positions.

On May 22nd, the China Securities Regulatory Commission announced that the illegal cross-border business activities of Tiger Brokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, and Changqiao Securities (Hong Kong) Limited violated Chinese securities, fund, and futures laws and regulations, disrupted the market order, and must be resolutely cracked down upon. According to relevant regulations, the CSRC plans to confiscate all illegal gains of Tiger, Futu, and Changqiao and impose severe penalties according to the law on all relevant entities both domestically and overseas.