Futu Securities and Tiger Brokers further close account opening channels for mainland Chinese residents

According to the latest regulatory requirements, Futu Securities' account opening requirements have changed. Mainland Chinese customers are now required to hold proof of overseas permanent residency to open an account. Futu Niu Niu customer service emphasized that the company is currently undergoing a system upgrade and currently only supports account opening by customers with Hong Kong or Macau ID cards. After the system upgrade is complete, customers can open accounts using a combination of mainland ID cards and overseas permanent residency certificates. Tiger Securities customer service also stated that in response to the latest regulatory requirements, the company has adjusted its account opening policy for mainland Chinese residents. Starting last week, it will no longer accept mainland Chinese residents opening accounts by providing documents proving their overseas work or life, and will only accept applications from customers holding non-mainland Chinese ID cards. However, on the evening of the 22nd, when reporters called the customer service lines of Futu Securities and Tiger Securities, the automated voice prompts for both companies stated that the account opening requirements for mainland Chinese residents remained the same as before and had not yet been changed. (Yicai Global)