<p>瑞士银行发布报告称，继中国证券监督管理委员会对非法跨境证券交易的打击后，香港金融管理局对持有大陆身份证的大陆投资者开设和管理投资账户的持牌机构引入了额外措施。因此，香港银行在新交易账户开设方面加强了审查，要求此类投资者签署声明，涵盖资金来源、文件真实性和过往记录，并确认资金是合法获得的，且来源于大陆以外。</p>
<p>鉴于香港银行业务线的多样化，预计为大陆投资者提供的证券投资服务在总收入中所占比例相对较小。由于跨境客户对本地香港银行的客户基础贡献更为显著，本地银行可能面临比国际同行更大的压力。尽管如此，现有的客户尽职调查（KYC）和反洗钱（AML）要求应有助于限制整体财务影响。该券商预计，短期内新客户增长将放缓，因为大陆客户在过去两到三年中一直是主要的增长动力。</p>
<p>瑞士银行指出，中国银行香港（02388.HK）-0.340 (-0.712%)  空头头寸 $138.49M; 比率 21.194% 在 2025 年其跨境高端客户基础同比增长超过 20%，财富管理收入增长 40%。东亚银行（00023.HK）-0.080 (-0.580%)  空头头寸 $1.93M; 比率 24.339% 也在其南向跨境客户基础、管理资产和收入方面实现了两位数增长。尽管实施细节尚未公布，但短期影响似乎可控。</p>
<p>此外，国务院宣布了关于大陆境外投资管理的新规，将于 7 月 1 日生效。瑞士银行预计，新框架将导致对境外投资的审查更加严格，从而对银行的企业银行业务增长施加压力，特别是与大陆实体相关的业务。该券商对中国银行香港（02388.HK）-0.340 (-0.712%)  空头头寸 $138.49M; 比率 21.194%  和东亚银行（00023.HK）-0.080 (-0.580%)  空头头寸 $1.93M; 比率 24.339%  维持中性评级。（ha/u）（香港股票报价延迟至少 15 分钟。空头数据截至 2026-06-03 16:25。）</p>

中银香港

东亚银行

<p>瑞银报告称，内地对离岸投资的监管加强以及香港金融管理局的新措施正在减缓香港银行短期内的新客户增长。虽然本地银行面临压力，因为跨境客户是关键驱动因素，但现有的合规规则限制了财务影响。瑞银对中国银行（香港）和东亚银行维持中性评级，指出尽管出境投资审查更加严格，但短期影响可控</p>

<p>UBS published a report stating that following the China Securities Regulatory Commissions crackdown on illegal cross-border securities trading, the Hong Kong Monetary Authority has introduced additional measures for licensed institutions regarding the opening and management of investment accounts held by Mainland investors using Mainland identity documents. Hong Kong banks have therefore tightened scrutiny on new trading account openings, requiring such investors to sign declarations covering source of funds, authenticity of documents and past records, and to confirm that funds were legally obtained outside the Mainland.</p>
<div class="lb-trans"><p>瑞士银行发布报告称，继中国证券监督管理委员会对非法跨境证券交易的打击后，香港金融管理局对持有大陆身份证的大陆投资者开设和管理投资账户的持牌机构引入了额外措施。因此，香港银行在新交易账户开设方面加强了审查，要求此类投资者签署声明，涵盖资金来源、文件真实性和过往记录，并确认资金是合法获得的，且来源于大陆以外。</p>
</div><p>Given the diversified business lines of Hong Kong banks, securities investment services for Mainland investors are expected to account for a relatively small proportion of total revenue. Local Hong Kong banks may face greater pressure than international peers, as cross-border clients contribute more significantly to their customer base. Nevertheless, existing KYC and AML requirements should help limit the overall financial impact. The broker expects new client growth to slow in the short term, as Mainland clients have been the key growth driver over the past two to three years.</p>
<div class="lb-trans"><p>鉴于香港银行业务线的多样化，预计为大陆投资者提供的证券投资服务在总收入中所占比例相对较小。由于跨境客户对本地香港银行的客户基础贡献更为显著，本地银行可能面临比国际同行更大的压力。尽管如此，现有的客户尽职调查（KYC）和反洗钱（AML）要求应有助于限制整体财务影响。该券商预计，短期内新客户增长将放缓，因为大陆客户在过去两到三年中一直是主要的增长动力。</p>
</div><p>UBS cited that BOC HONG KONG (02388.HK) -0.340 (-0.712%)  Short selling $138.49M; Ratio 21.194%  recorded over 20% YoY growth in its cross-border high-end customer base in 2025, with wealth management income rising 40%. BANK OF E ASIA (00023.HK) -0.080 (-0.580%)  Short selling $1.93M; Ratio 24.339%  also posted double-digit growth in its southbound cross-border customer base, assets under management and income in 2025. Although implementation details are yet to be announced, the short-term impact appears manageable.</p>
<div class="lb-trans"><p>瑞士银行指出，中国银行香港（02388.HK）-0.340 (-0.712%)  空头头寸 $138.49M; 比率 21.194% 在 2025 年其跨境高端客户基础同比增长超过 20%，财富管理收入增长 40%。东亚银行（00023.HK）-0.080 (-0.580%)  空头头寸 $1.93M; 比率 24.339% 也在其南向跨境客户基础、管理资产和收入方面实现了两位数增长。尽管实施细节尚未公布，但短期影响似乎可控。</p>
</div><p>In addition, the State Council announced new regulations on Mainland outbound investment management, which will take effect on Jul 1. UBS expects the new framework to lead to stricter reviews of outbound investments, thereby putting pressure on banks corporate banking growth, particularly businesses related to Mainland entities. The broker maintained a Neutral rating on BOC HONG KONG (02388.HK) -0.340 (-0.712%)  Short selling $138.49M; Ratio 21.194%  and BANK OF E ASIA (00023.HK) -0.080 (-0.580%)  Short selling $1.93M; Ratio 24.339%  . (ha/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-03 16:25.)</p>
<div class="lb-trans"><p>此外，国务院宣布了关于大陆境外投资管理的新规，将于 7 月 1 日生效。瑞士银行预计，新框架将导致对境外投资的审查更加严格，从而对银行的企业银行业务增长施加压力，特别是与大陆实体相关的业务。该券商对中国银行香港（02388.HK）-0.340 (-0.712%)  空头头寸 $138.49M; 比率 21.194%  和东亚银行（00023.HK）-0.080 (-0.580%)  空头头寸 $1.93M; 比率 24.339%  维持中性评级。（ha/u）（香港股票报价延迟至少 15 分钟。空头数据截至 2026-06-03 16:25。）</p>
</div>

UBS: Mainland Tightens Oversight on Offshore Investment, Expects Slower Short-term New Client Growth for HK Banks

瑞银表示，内地加强了对离岸投资的监管，预计香港银行短期内的新客户增长将放缓