<p>作者：马丁</p>
<p>跨境在线经纪商富途证券和老虎证券最近进一步收紧了对大陆居民的开户限制。</p>
<p>根据最新的监管要求，这两家经纪商显著提高了开户门槛，基本上关闭了普通大陆居民的开户渠道。</p>
<p>富途证券的开户要求已发生变化。大陆客户现在需要持有海外永久居留的证明。</p>
<p>富途牛牛客服表示，公司目前正在升级系统，目前仅支持持有香港或澳门身份证的客户开户。</p>
<p>一旦系统升级完成，客户将能够使用大陆身份证和海外永久居留证明开设账户。</p>
<p>老虎证券也调整了其开户政策。为了响应最新的监管要求，该公司自上周起将不再接受大陆居民通过提供证明其海外工作或生活的文件来开户。</p>
<p>目前，仅接受持有非大陆中国身份证的客户申请。</p>
<p>这意味着没有海外永久居留身份的大陆居民将无法在这两家经纪商处开设新账户。</p>
<p>跨境互联网经纪商对大陆居民的开户大门进一步关闭，投资香港和美国股票的渠道收紧已成为近期市场关注的焦点。</p>
<h3>渐渐收紧的开户条件</h3>
<p>这一调整并非突发之举。富途证券之前的开户政策是：大陆客户只有在实际工作或生活在国外的情况下，才能开设账户，并且必须提供有效的大陆身份证和相关的海外工作或生活证明。</p>
<p>老虎证券之前的政策是：在国外生活的大陆客户需要提供有效的海外工作或生活证明，如当地工作签证、居留许可、税单等。</p>
<p>从整改过程来看，富途证券和老虎证券逐渐收紧了大陆居民的开户条件。核心要求从其他海外证券公司已有账户的证明，收紧到海外工作或生活的证明，最终到最近的完全关闭。</p>
<h3>监管背景与整改过程</h3>
<p>自 2022 年以来，两家经纪公司应监管机构的要求，开始关闭大陆居民的开户渠道。2022 年 12 月，中国证券监督管理委员会（CSRC）发布公告，宣布推进对富途控股和老虎证券非法跨境业务的整改工作，并提出整改策略</p>
<p>“有效遏制增量，妥善解决存量问题。”</p>
<p>当时，CSRC 指出，富途控股和老虎证券在未获得 CSRC 批准的情况下，为国内投资者开展跨境证券业务。根据《证券法》和其他相关法律法规，他们的行为构成了非法经营证券业务。</p>
<p>2021 年 10 月 15 日，CSRC 通过媒体表达了其监管态度；同年 11 月 11 日，CSRC 对富途控股和老虎证券的高管进行了监管谈话。</p>
<h3>其他证券公司的类似行动</h3>
<p>不仅是富途和老虎证券，其他跨境证券公司也采取了类似的行动。</p>
<p>自 8 月以来，全球最大的互联网证券公司 Interactive Brokers 也逐渐收紧了大陆居民的开户渠道，并且该公司的 APP 已从各大国内应用商店下架。</p>
<p>另一家海外经纪公司 Changbridge Securities 也在 6 月宣布，将完全停止通过存款证明方式为大陆用户开户，其应用程序无法再被搜索或下载。</p>
<p>这些调整表明，监管机构正在全面深入地整改针对大陆居民的跨境互联网经纪业务。</p>
<h3>投资香港和美国的正式渠道</h3>
<p>对于大陆投资者，投资香港股票的正式渠道仍然存在。目前，大陆投资者可以通过港深股票通和大陆上市的香港股票 ETF 投资香港股票。申请港股通的核心要求是，在申请接入前的 20 个交易日内，证券和资金账户的日均资产不得低于人民币 50 万元。通过大陆投资香港上市的 ETF 没有资金门槛，更加友好于中小型散户投资者。根据 Wind 数据，香港上市 ETF 产品的规模最近显著增长，反映出投资者对香港股市的强烈兴趣。关于未来大陆居民的开户门槛是否会恢复到原来的要求，富途证券客服人员表示，目前尚未收到任何相关通知。</p>
<p>随着我国税务机关对个人海外收入的征税力度加大，自今年第二季度以来，许多投资香港和美国股票的大陆居民收到了当地税务机关的多份退税通知。</p>

富途控股

<p>富途证券和老虎证券已收紧对大陆居民的开户限制，大幅提高了门槛。新的要求规定必须提供海外永久居留证明，实际上关闭了普通居民的开户通道。这一变化是响应中国证券监督管理委员会（CSRC）的监管要求，旨在遏制非法跨境业务。其他券商，如盈透证券，也在收紧准入。尽管有这些限制，大陆投资者仍可以通过现有渠道，如港股通，投资香港股票</p>

<p>Author: Martin</p>
<div class="lb-trans"><p>作者：马丁</p>
</div><p>Cross-border online brokerages Futu Securities and Tiger Brokers have recently further tightened account opening restrictions for mainland Chinese residents.</p>
<div class="lb-trans"><p>跨境在线经纪商富途证券和老虎证券最近进一步收紧了对大陆居民的开户限制。</p>
</div><p>According to the latest regulatory requirements, the two brokerages have significantly raised the account opening threshold, essentially closing off account-opening channels for ordinary mainland Chinese residents.</p>
<div class="lb-trans"><p>根据最新的监管要求，这两家经纪商显著提高了开户门槛，基本上关闭了普通大陆居民的开户渠道。</p>
</div><p>Futu Securities' account opening requirements have been changed. Mainland Chinese customers are now required to hold proof of overseas permanent residency.</p>
<div class="lb-trans"><p>富途证券的开户要求已发生变化。大陆客户现在需要持有海外永久居留的证明。</p>
</div><p>Futu NiuNiu customer service stated that the company is currently upgrading its systems and currently only supports account opening for customers with Hong Kong or Macau ID cards.</p>
<div class="lb-trans"><p>富途牛牛客服表示，公司目前正在升级系统，目前仅支持持有香港或澳门身份证的客户开户。</p>
</div><p>Once the system upgrade is complete, customers will be able to open accounts using both a mainland ID card and proof of overseas permanent residency.</p>
<div class="lb-trans"><p>一旦系统升级完成，客户将能够使用大陆身份证和海外永久居留证明开设账户。</p>
</div><p>Tiger Brokers has also adjusted its account opening policy. In response to the latest regulatory requirements, the company will no longer accept mainland Chinese residents opening accounts by providing documents proving their overseas work or life starting last week.</p>
<div class="lb-trans"><p>老虎证券也调整了其开户政策。为了响应最新的监管要求，该公司自上周起将不再接受大陆居民通过提供证明其海外工作或生活的文件来开户。</p>
</div><p>Currently, it will only accept applications from clients holding non-mainland Chinese IDs.</p>
<div class="lb-trans"><p>目前，仅接受持有非大陆中国身份证的客户申请。</p>
</div><p>This means that mainland Chinese residents without overseas permanent residency status are no longer able to open new accounts with these two brokerages.</p>
<div class="lb-trans"><p>这意味着没有海外永久居留身份的大陆居民将无法在这两家经纪商处开设新账户。</p>
</div><p>The door to account opening for mainland Chinese residents at cross-border internet brokerages has been further closed, and the tightening of channels for investing in Hong Kong and US stocks has become a focus of recent market attention.</p>
<div class="lb-trans"><p>跨境互联网经纪商对大陆居民的开户大门进一步关闭，投资香港和美国股票的渠道收紧已成为近期市场关注的焦点。</p>
</div><h3>Gradually tightened account opening conditions</h3>
<div class="lb-trans"><h3>渐渐收紧的开户条件</h3>
</div><p>This adjustment is not a sudden move. Futu Securities' previous account opening policy was:Mainland Chinese customers can only open accounts if they actually work or live abroad, and they must provide a valid mainland ID card and relevant proof of overseas work or living.</p>
<div class="lb-trans"><p>这一调整并非突发之举。富途证券之前的开户政策是：大陆客户只有在实际工作或生活在国外的情况下，才能开设账户，并且必须提供有效的大陆身份证和相关的海外工作或生活证明。</p>
</div><p>Tiger Brokers' previous policy was:Mainland Chinese customers living abroad are required to provide valid proof of overseas work or living, such as local work visas, residence permits, tax receipts, etc.</p>
<div class="lb-trans"><p>老虎证券之前的政策是：在国外生活的大陆客户需要提供有效的海外工作或生活证明，如当地工作签证、居留许可、税单等。</p>
</div><p>From the rectification process, Futu Securities and Tiger Brokers have gradually tightened the account opening conditions for mainland Chinese residents.The core requirements have been tightened from proof of existing account opening at other overseas securities firms to proof of overseas work or life, and then to the recent complete closure.</p>
<div class="lb-trans"><p>从整改过程来看，富途证券和老虎证券逐渐收紧了大陆居民的开户条件。核心要求从其他海外证券公司已有账户的证明，收紧到海外工作或生活的证明，最终到最近的完全关闭。</p>
</div><h3>Regulatory Background and Rectification Process</h3>
<div class="lb-trans"><h3>监管背景与整改过程</h3>
</div><p>Since 2022, the two brokerage firms have begun to close account opening channels for mainland Chinese residents at the request of regulatory authorities. In December 2022, the China Securities Regulatory Commission (CSRC) issued an announcement announcing the advancement of the rectification work on the illegal cross-border business of Futu Holdings and Tiger Securities, and proposed the rectification strategy of</p>
<div class="lb-trans"><p>自 2022 年以来，两家经纪公司应监管机构的要求，开始关闭大陆居民的开户渠道。2022 年 12 月，中国证券监督管理委员会（CSRC）发布公告，宣布推进对富途控股和老虎证券非法跨境业务的整改工作，并提出整改策略</p>
</div><p>&#34;effectively curbing the increase and orderly resolving the existing problem.&#34;</p>
<div class="lb-trans"><p>“有效遏制增量，妥善解决存量问题。”</p>
</div><p>The CSRC pointed out at the time that Futu Holdings and Tiger Securities conducted cross-border securities business for domestic investors without the approval of the CSRC. According to the Securities Law and other relevant laws and regulations, their actions constituted illegal operation of securities business.</p>
<div class="lb-trans"><p>当时，CSRC 指出，富途控股和老虎证券在未获得 CSRC 批准的情况下，为国内投资者开展跨境证券业务。根据《证券法》和其他相关法律法规，他们的行为构成了非法经营证券业务。</p>
</div><p>On October 15, 2021, the CSRC expressed its regulatory attitude through the media; on November 11 of the same year, the CSRC held a regulatory interview with senior executives of Futu Holdings and Tiger Securities.</p>
<div class="lb-trans"><p>2021 年 10 月 15 日，CSRC 通过媒体表达了其监管态度；同年 11 月 11 日，CSRC 对富途控股和老虎证券的高管进行了监管谈话。</p>
</div><h3>Similar actions by other securities firms</h3>
<div class="lb-trans"><h3>其他证券公司的类似行动</h3>
</div><p>Not only Futu and Tiger Securities, other cross-border securities firms have also taken similar actions.</p>
<div class="lb-trans"><p>不仅是富途和老虎证券，其他跨境证券公司也采取了类似的行动。</p>
</div><p>Since August, Interactive Brokers, the world's largest Internet securities firm, has also gradually tightened the account opening channels for mainland Chinese residents, and the company's APP has been removed from various domestic application stores.</p>
<div class="lb-trans"><p>自 8 月以来，全球最大的互联网证券公司 Interactive Brokers 也逐渐收紧了大陆居民的开户渠道，并且该公司的 APP 已从各大国内应用商店下架。</p>
</div><p>Another overseas brokerage, Changbridge Securities, also announced in June that it would completely halt account opening for users in mainland China through the proof of deposit method, and its app could no longer be searched or downloaded.</p>
<div class="lb-trans"><p>另一家海外经纪公司 Changbridge Securities 也在 6 月宣布，将完全停止通过存款证明方式为大陆用户开户，其应用程序无法再被搜索或下载。</p>
</div><p>These adjustments indicate that regulators are comprehensively and deeply rectifying the business operations of cross-border internet brokerages targeting mainland residents.</p>
<div class="lb-trans"><p>这些调整表明，监管机构正在全面深入地整改针对大陆居民的跨境互联网经纪业务。</p>
</div><h3>Formal Channels for Investing in Hong Kong and the United States</h3>
<div class="lb-trans"><h3>投资香港和美国的正式渠道</h3>
</div><p>For mainland investors, formal channels for investing in Hong Kong stocks still exist. Currently, mainland investors can invest in Hong Kong stocks through the Hong Kong-Shenzhen Stock Connect and mainland-listed Hong Kong stock ETFs. The core requirement for applying for Hong Kong Stock Connect is that the average daily assets in the securities and capital accounts must be no less than RMB 500,000 in the 20 trading days prior to applying for access. Investing in Hong Kong-listed ETFs through mainland China has no capital threshold, making it more friendly to small and medium-sized retail investors. According to Wind data, the share size of Hong Kong-listed ETF products has grown significantly recently, reflecting investors' strong interest in the Hong Kong stock market. Regarding whether the account opening threshold for mainland residents will be restored to the original requirement in the future, Futu Securities customer service staff stated that they have not received any relevant notification at this time.</p>
<div class="lb-trans"><p>对于大陆投资者，投资香港股票的正式渠道仍然存在。目前，大陆投资者可以通过港深股票通和大陆上市的香港股票 ETF 投资香港股票。申请港股通的核心要求是，在申请接入前的 20 个交易日内，证券和资金账户的日均资产不得低于人民币 50 万元。通过大陆投资香港上市的 ETF 没有资金门槛，更加友好于中小型散户投资者。根据 Wind 数据，香港上市 ETF 产品的规模最近显著增长，反映出投资者对香港股市的强烈兴趣。关于未来大陆居民的开户门槛是否会恢复到原来的要求，富途证券客服人员表示，目前尚未收到任何相关通知。</p>
</div><p>As my country's tax authorities increase their enforcement of taxation on personal overseas income, many mainland residents investing in Hong Kong and US stocks have received numerous tax refund notices from local tax authorities since the second quarter of this year.</p>
<div class="lb-trans"><p>随着我国税务机关对个人海外收入的征税力度加大，自今年第二季度以来，许多投资香港和美国股票的大陆居民收到了当地税务机关的多份退税通知。</p>
</div>

Futu Securities and Tiger Brokers tighten account opening channels in mainland China

- 富途证券和老虎证券收紧了大陆居民的开户限制。  
- 大陆客户需持有海外永久居留证明，普通居民无法开户。  
- 监管机构要求整顿跨境证券业务，影响投资渠道。  

富途证券和老虎证券在中国大陆收紧了开户渠道