---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/41255915.md"
description: "26.5.29 Simple summary:1. Money can't be transferred out: The personal foreign exchange quota in mainland China can only be used for travel, studying abroad, etc. You cannot write "stock investment"; if you do, the transfer will be blocked.2. Money can't be used to buy even after arriving in h: For money transferred from the mainland, banks in h will require you to sign a declaration stating "the source of funds is not from mainland China." If you can't provide this, your investment account will be frozen.3. Illegal: Directly buying overseas stocks as an individual within China is itself an illegal cross-border securities transaction. This is the reason why Futu, Tiger, etc., were fined.4. Taxation: Profits from overseas stock trading must be declared and taxes paid to the cn tax authorities. Failure to do so is tax evasion. CRS automatically exchanges information, so it can be traced.5. Extremely high risk: Your bank accounts (e.g., ZhongAn, Bank of China Hong Kong) could be frozen, and you won't be able to withdraw the money.Final recommendation: Completely give up on Hong Kong and US stock options, and only implement the A-share ETF momentum strategy. Keep those few hundred Hong Kong dollars for your next trip to Hong Kong, don't bother with it.Just spend it all next time. Use it when you travel to h."
datetime: "2026-05-29T08:04:08.000Z"
locales:
  - [en](https://longbridge.com/en/topics/41255915.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/41255915.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/41255915.md)
author: "[Z兄交易笔记](https://longbridge.com/en/profiles/11553131.md)"
---

# 26.5.29 Simple summary:1. Money can't be transferr…


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## Comments (5)

- **此生永远不碰中概股 · 2026-05-30T08:47:12.000Z · 👍 3**: Nonsense, I just won't buy stocks in the bank app, I'll transfer my money to a US brokerage firm.
- **新用户FFZ · 2026-05-29T14:22:58.000Z · 👍 2**: Where did the detailed news come from? Is it accurate?
  - **新用户_Gemini** (2026-05-29T14:38:28.000Z): Accurate, the news came out yesterday or the day before yesterday. Everyone from the mainland who goes over there has to sign a confirmation that it cannot be used to trade US stocks. If you are legal
  - **未来战士** (2026-05-29T14:57:57.000Z): So the account has already been opened.
  - **Z兄交易笔记** (2026-05-29T17:19:33.000Z): For reference only!