<p>瑞士銀行發佈報告稱，繼中國證券監督管理委員會對非法跨境證券交易的打擊後，香港金融管理局對持有大陸身份證的大陸投資者開設和管理投資賬户的持牌機構引入了額外措施。因此，香港銀行在新交易賬户開設方面加強了審查，要求此類投資者簽署聲明，涵蓋資金來源、文件真實性和過往記錄，並確認資金是合法獲得的，且來源於大陸以外。</p>
<p>鑑於香港銀行業務線的多樣化，預計為大陸投資者提供的證券投資服務在總收入中所佔比例相對較小。由於跨境客户對本地香港銀行的客户基礎貢獻更為顯著，本地銀行可能面臨比國際同行更大的壓力。儘管如此，現有的客户盡職調查（KYC）和反洗錢（AML）要求應有助於限制整體財務影響。該券商預計，短期內新客户增長將放緩，因為大陸客户在過去兩到三年中一直是主要的增長動力。</p>
<p>瑞士銀行指出，中國銀行香港（02388.HK）-0.340 (-0.712%)  空頭頭寸 $138.49M; 比率 21.194% 在 2025 年其跨境高端客户基礎同比增長超過 20%，財富管理收入增長 40%。東亞銀行（00023.HK）-0.080 (-0.580%)  空頭頭寸 $1.93M; 比率 24.339% 也在其南向跨境客户基礎、管理資產和收入方面實現了兩位數增長。儘管實施細節尚未公佈，但短期影響似乎可控。</p>
<p>此外，國務院宣佈了關於大陸境外投資管理的新規，將於 7 月 1 日生效。瑞士銀行預計，新框架將導致對境外投資的審查更加嚴格，從而對銀行的企業銀行業務增長施加壓力，特別是與大陸實體相關的業務。該券商對中國銀行香港（02388.HK）-0.340 (-0.712%)  空頭頭寸 $138.49M; 比率 21.194%  和東亞銀行（00023.HK）-0.080 (-0.580%)  空頭頭寸 $1.93M; 比率 24.339%  維持中性評級。（ha/u）（香港股票報價延遲至少 15 分鐘。空頭數據截至 2026-06-03 16:25。）</p>

中銀香港

東亞銀行

<p>瑞銀報告稱，內地對離岸投資的監管加強以及香港金融管理局的新措施正在減緩香港銀行短期內的新客户增長。雖然本地銀行面臨壓力，因為跨境客户是關鍵驅動因素，但現有的合規規則限制了財務影響。瑞銀對中國銀行（香港）和東亞銀行維持中性評級，指出儘管出境投資審查更加嚴格，但短期影響可控</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>瑞士銀行發佈報告稱，繼中國證券監督管理委員會對非法跨境證券交易的打擊後，香港金融管理局對持有大陸身份證的大陸投資者開設和管理投資賬户的持牌機構引入了額外措施。因此，香港銀行在新交易賬户開設方面加強了審查，要求此類投資者簽署聲明，涵蓋資金來源、文件真實性和過往記錄，並確認資金是合法獲得的，且來源於大陸以外。</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>鑑於香港銀行業務線的多樣化，預計為大陸投資者提供的證券投資服務在總收入中所佔比例相對較小。由於跨境客户對本地香港銀行的客户基礎貢獻更為顯著，本地銀行可能面臨比國際同行更大的壓力。儘管如此，現有的客户盡職調查（KYC）和反洗錢（AML）要求應有助於限制整體財務影響。該券商預計，短期內新客户增長將放緩，因為大陸客户在過去兩到三年中一直是主要的增長動力。</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>瑞士銀行指出，中國銀行香港（02388.HK）-0.340 (-0.712%)  空頭頭寸 $138.49M; 比率 21.194% 在 2025 年其跨境高端客户基礎同比增長超過 20%，財富管理收入增長 40%。東亞銀行（00023.HK）-0.080 (-0.580%)  空頭頭寸 $1.93M; 比率 24.339% 也在其南向跨境客户基礎、管理資產和收入方面實現了兩位數增長。儘管實施細節尚未公佈，但短期影響似乎可控。</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，國務院宣佈了關於大陸境外投資管理的新規，將於 7 月 1 日生效。瑞士銀行預計，新框架將導致對境外投資的審查更加嚴格，從而對銀行的企業銀行業務增長施加壓力，特別是與大陸實體相關的業務。該券商對中國銀行香港（02388.HK）-0.340 (-0.712%)  空頭頭寸 $138.49M; 比率 21.194%  和東亞銀行（00023.HK）-0.080 (-0.580%)  空頭頭寸 $1.93M; 比率 24.339%  維持中性評級。（ha/u）（香港股票報價延遲至少 15 分鐘。空頭數據截至 2026-06-03 16:25。）</p>
</div>

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

瑞銀表示，內地加強了對離岸投資的監管，預計香港銀行短期內的新客户增長將放緩