<div id="readability-page-1">10:39 AM EDT, 06/04/2026 (MT Newswires) -- Shares of HSBC ( HSBC ) , Standard Chartered and Prudential fell in London on Thursday after a report said mainland Chinese residents are facing greater constraints on opening offshore investment accounts through major Hong Kong banks.The South China Morning Post reported that the Shanghai branch of Bank of East Asia suspended its witness service for opening Hong Kong investment accounts, amid tighter oversight of capital outflows by Chinese authorities.The report also said the Hong Kong Monetary Authority instructed banks to require customers to declare that funds used in investment accounts originated outside mainland China.While HSBC ( HSBC ) staff in Shanghai told the news outlet that witness services remain available, they cautioned that funds deposited into investment accounts must comply with Hong Kong regulatory requirements.HSBC ( HSBC ), Standard Chartered and Prudential did not immediately respond to MT Newswires' requests for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: 91.50, Change: -2.14, Percent Change: -2.29 MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

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Shares of HSBC, Standard Chartered, and Prudential fell in London following reports that mainland Chinese residents face stricter constraints on opening offshore investment accounts via Hong Kong banks. The South China Morning Post reported that the Bank of East Asia suspended witness services amid tighter capital outflow oversight, while the HKMA mandated fund origin declarations. HSBC staff noted compliance requirements remain but did not confirm service suspensions.

- Shares of HSBC, Standard Chartered, and Prudential declined following reports of increased restrictions for mainland Chinese residents on opening offshore investment accounts.  
- The Shanghai branch of the Bank of East Asia has suspended its witness service for such accounts, responding to stricter oversight by Chinese authorities.  
- The Hong Kong Monetary Authority's new directive requires banks to confirm that funds for investment accounts originate outside mainland China, adding compliance challenges.

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Market Chatter: HSBC, Standard Chartered, Prudential Slide on China Offshore Account Restrictions Report