Futu Securities and Tiger Brokers further close the account opening channel for residents in mainland China

ChainCatcher news, according to Caixin, cross-border internet broker Futu Securities and Tiger Brokers have further closed the account opening channels for residents of mainland China.

According to the latest regulatory requirements, the account opening conditions for Futu Securities have changed. Currently, mainland Chinese customers need to hold overseas permanent residency identification to open an account. Futu Niuniu customer service emphasized that the company is undergoing a system upgrade, and at this stage, only customers with Hong Kong or Macau ID cards can open accounts; once the system upgrade is completed, customers will be able to use mainland ID cards + overseas permanent residency identification to open accounts.

Tiger Brokers' customer service also stated that in response to the latest regulatory requirements, the company has adjusted its account opening policy for residents of mainland China. Since last week, it no longer accepts account applications from mainland residents by providing overseas work or living-related proof documents, and only accepts applications from customers holding non-mainland Chinese ID documents.

However, on the evening of the 22nd, when reporters called the customer service numbers of Futu Securities and Tiger Brokers, the automated voice service prompts indicated that the account opening conditions for residents of mainland China still maintained the previous policy and had not been changed.