After Tiger Brokers' Longbridge incident, Huasheng Securities, which was not "named," will also clean up its Mainland China business.

BlockBeats News, June 6th. Following Futu, Tiger, and Changqiao, another cross-border securities firm announced the cleanup of its onshore China business. Huasheng Securities issued a notice to clients on the morning of June 6th, stating that starting from June 15th Beijing Time, Huasheng Securities will make corresponding adjustments to the services provided to existing investors in mainland China: Firstly, in onshore China trading services: new opening positions and additional purchases of all securities will be suspended, only supporting sell-offs and closing transactions; Secondly, in onshore China fund transfer services: inbound fund and securities transfer will be suspended, while outbound transfers will remain operational.

The notice indicates that this adjustment is to comply with the industry regulatory requirements during a 2-year rectification period, promote the standardized development of cross-border securities business, and emphasizes that this adjustment will not affect the services provided to existing investors overseas, nor will it impact the security of all client assets. Clients can still inquire about their accounts, hold existing positions, and sell holdings normally. This also means that, apart from the 3 securities firms directly named by the China Securities Regulatory Commission on May 22nd, some small and medium-sized securities firms will also commence the cleanup of their existing illicit business operations. (Yicai)