Core Viewpoint - The cross-border internet brokerage firms are tightening their account opening policies for mainland residents, shifting from requiring "overseas living and working proof" to "overseas identity documents" [2][10]. Group 1: Policy Changes - Futu and Tiger Brokers now require mainland clients to provide overseas residency identification for account opening, with specific documentation needed [2][3]. - The adjustment reflects a broader trend of tightening access for mainland investors to Hong Kong and U.S. stock markets, with several firms implementing stricter requirements throughout the year [2][6]. Group 2: Documentation Requirements - To open an account, mainland clients must submit two documents: a valid mainland identification (such as ID card or passport) and a Hong Kong or Macau identification [3][5]. - Acceptable proof of overseas residency includes recent utility bills, bank statements, or government-issued documents, all dated within three months [4]. Group 3: Regulatory Context - The tightening of account opening policies is part of ongoing regulatory scrutiny that began in 2021, aimed at curbing illegal cross-border brokerage activities [8][9]. - The China Securities Regulatory Commission (CSRC) has emphasized the need to prevent unlicensed foreign entities from soliciting mainland investors and has mandated compliance with local laws [9].

Core Viewpoint - The tightening of account opening policies for mainland residents by cross-border internet brokerages such as Futu and Tiger Brokers reflects increased regulatory scrutiny and a shift towards requiring overseas residency documentation for account applications [2][9][12]. Group 1: Policy Changes - Cross-border internet brokerages have changed their account opening requirements for mainland clients from "proof of overseas living or working" to "overseas residency identification" [2][5]. - Futu Holdings and Tiger Brokers now require mainland clients to provide valid mainland identification (such as ID card or passport) along with identification from Hong Kong or Macau for account opening [5][6]. - Other overseas residency documents are currently not supported, but there are plans for system upgrades to include them in the future [5][6]. Group 2: Industry Trends - The tightening of account opening channels for mainland clients has been ongoing throughout 2023, with several brokerages like Interactive Brokers and Changqiao Securities implementing similar restrictions [9][10]. - The regulatory environment has been increasingly stringent since 2021, with the China Securities Regulatory Commission (CSRC) taking steps to curb illegal cross-border brokerage activities [11][12]. - The CSRC's measures include prohibiting unlicensed foreign institutions from soliciting mainland investors and restricting new account openings while allowing existing investors to continue trading under strict regulations [12][13]. Group 3: Implications for Investors - Investors seeking to open accounts with these brokerages must now provide substantial proof of their overseas residency, which may limit access for many potential clients [8][10]. - The changes are seen as a response to the increasing enforcement of tax regulations and compliance with international standards, particularly under the Common Reporting Standard (CRS) [14].

Core Viewpoint - The cross-border internet brokerage firms have tightened their account opening policies for mainland residents, now requiring "overseas identity proof" instead of "proof of overseas living or working" [1][10]. Summary by Sections Account Opening Requirements - Mainland clients must now provide overseas resident identity proof to open accounts with firms like Futu and Tiger Brokers [1][3]. - Required documents include a valid mainland identity document (such as ID card or passport) and an identity document from Hong Kong or Macau [3][6]. Recent Changes in Policies - In June, Long Bridge Securities limited account openings to mainland clients who actually work or live abroad [10]. - In August, Interactive Brokers (IBKR) removed its app from mainland app stores and required long-term overseas living or working proof for account applications [12]. Regulatory Background - The tightening of account opening policies is part of ongoing regulatory efforts that began in 2021, aimed at curbing illegal cross-border operations [13][14]. - The China Securities Regulatory Commission (CSRC) has emphasized the need to prevent unlicensed foreign institutions from soliciting mainland investors [14]. Industry Response - Multiple internet brokerages have followed suit in adjusting their account opening requirements, indicating a trend towards stricter compliance with regulatory standards [11][12]. - The adjustments are seen as a necessary response to the evolving regulatory landscape and increased scrutiny on cross-border securities activities [14].

Core Points - Long Bridge Securities has tightened its account opening policy for mainland Chinese residents, now requiring a Hong Kong ID or other foreign residency proof [1] - This is the second adjustment made by Long Bridge Securities since June, with previous changes also restricting account openings to those with valid foreign work or living proof [1] - Other cross-border internet brokers like Futu Securities and Tiger Brokers have also recently closed account opening channels for mainland residents, indicating a trend of tightening regulations in the industry [1] Company Adjustments - Long Bridge Securities has implemented a new requirement for mainland residents to provide a Hong Kong ID or foreign residency proof to open an account [1] - The previous policy, effective from June 13, required mainland residents to provide a valid ID and proof of living or working abroad within the last three months [1] - Futu Securities and Tiger Brokers have escalated their requirements, with Futu now requiring foreign ID and Tiger only accepting non-mainland ID holders [1] Industry Context - The tightening of account opening conditions comes amid increased scrutiny on the compliance of cross-border internet brokers operating in mainland China [1] - The global largest internet broker, Interactive Brokers, has also raised its online account application requirements for mainland residents, focusing on foreign work or living proof [1] - The heightened focus on compliance is further driven by the Chinese tax authorities intensifying the enforcement of taxes on personal overseas income, leading to increased awareness among investors [2]

老虎证券客服回应称，并非清退内地客户账户。因合规原因，公司会定期审核客户账户，需部分客户补充资料（会发送合规问询邮件）；若客户未在有效期内补充资料，或补充资料不符合合规要求，账户会被限制交易，此为履行例行合规义务的常规流程。外汇交易员 (@myfxtrader):富途证券、老虎证券进一步关闭中国内地居民开户通道 ...

Core Viewpoint - The majority of popular Chinese concept stocks experienced a decline on Tuesday, with the Nasdaq Golden Dragon China Index dropping by 2.22% [1] Group 1: Stock Performance - NIO saw a slight increase of approximately 0.14% [1] - Alibaba experienced a decrease of 0.72% [1] - Ctrip, Li Auto, and Tiger Brokers all fell by over 1% [1] - Sohu and JD.com dropped by more than 2% [1] - Kingsoft Cloud declined by about 4% [1] - Baidu suffered a significant drop of over 8% [1]

Core Insights - Recent regulatory changes have led to Futu Holdings and Tiger Brokers closing account openings for residents in mainland China, indicating a tightening of cross-border financial services [1][2] - The new requirements for account opening at Futu now necessitate overseas permanent residency identification for mainland clients, while Tiger Brokers has restricted account openings to clients holding non-mainland identification [1][2] - The regulatory environment is becoming increasingly stringent, with the China Securities Regulatory Commission (CSRC) emphasizing compliance and the need for proper documentation for overseas trading [2][3] Summary by Sections Regulatory Changes - Futu Holdings and Tiger Brokers have modified their account opening processes for mainland Chinese residents due to new regulatory requirements [1] - Futu now requires clients to hold overseas permanent residency identification, while Tiger Brokers mandates proof of residence or work abroad for account applications [1][2] Compliance and Documentation - For account applications through Interactive Brokers, mainland residents must submit up to 11 documents, including property proof and utility bills, to verify their identity and address [2] - The CSRC has been actively working to regulate illegal cross-border brokerage activities since December 2022, with a focus on compliance and oversight [2] Industry Implications - Analysts suggest that these policy adjustments reflect a deeper and more structured regulatory approach to cross-border financial services, promoting a compliant and stable ecosystem [3] - Industry professionals recommend that mainland investors consider compliant channels, such as the Hong Kong Stock Connect, for overseas investments [3]

第一财经发布报道《独家｜富途老虎进一步限制内地居民开户》 。报道称，跨境互联网券商富途 证券、老虎证券进一步关闭了中国内地居民的开户通道。老虎证券客服表示，应监管最新要求，公司调 整了关于中国内地居民的开户政策，自上周开始不再接受中国内地居民通过提供境外工作或生活相关证 明文件开户，仅接受持有非中国内地身份证件的客户申请开户。 （责任编辑：蔡情） 中国经济网北京9月23日讯 老虎证券 （NASDAQ:TIGR）9月22日收报10.12美元，下跌9.24%。 ...

9月22日，有媒体报道称，富途、老虎进一步关闭了中国内地居民的开户通道。 券商中国记者随后从业内了解到，近期相关券商并未收到新的监管指导，但确实针对内地身份居民收紧了开户通 道。 老虎客服提供的信息则仍旧与之前一致：根据监管合规要求，如果是居住在境外的大陆客户，需提供境外工作/生活 的有效证明文件，如当地工作签证、居留许可、纳税凭证等，经严格审核通过后方可办理开户。 需要注意的是，有业内人士告诉券商中国记者，对于此前曾经成功开户但未曾入金的账户，如今可能已经处于休眠 状态，申请激活的要求与新开户同等看待。换言之，若是存量内地投资者的账户长期处于无资产、非活跃状态，亦 有可能失去已有的投资渠道。 此外，据券商中国记者了解，近期相关跨境券商并未收到进一步的监管指导。目前公司仍以2022年12月的"禁止发 展境内新客户、开立新账户，妥善处理存量业务"为指导。 富途客服提供的信息显示，目前富途证券（香港）的开户要求中，要求内地客户需持有海外永居证件，其他海外的 永居身份证明文件暂不支持（系统升级后，将可以支持其他海外的永居身份证明文件）。香港、澳门客户需提供相 应的身份证明文件。 转载与合作可联系证券时报小助理，微信 ...

不过今年以来，内地客户投资港美股的渠道确实在逐渐收紧。伴随港股赚钱效应凸显，跨境投资收税遭 到热议，跨境券商开户乱象再度引发关注。随后，以富途、老虎为代表的跨境券商层层收紧开户通道： 从要求存量证明，到要求提供海外工作/生活证明，再到如今的"非永居不开户"。 （原标题：富途、老虎新消息！跨境券商开户再收紧） 老虎客服提供的信息则仍旧与之前一致：根据监管合规要求，如果是居住在境外的大陆客户，需提供境 外工作/生活的有效证明文件，如当地工作签证、居留许可、纳税凭证等，经严格审核通过后方可办理 开户。 需要注意的是，有业内人士告诉券商中国记者，对于此前曾经成功开户但未曾入金的账户，如今可能已 经处于休眠状态，申请激活的要求与新开户同等看待。换言之，若是存量内地投资者的账户长期处于无 资产、非活跃状态，亦有可能失去已有的投资渠道。 此外，据券商中国记者了解，近期相关跨境券商并未收到进一步的监管指导。目前公司仍以2022年12月 的"禁止发展境内新客户、开立新账户，妥善处理存量业务"为指导。 9月22日，有媒体报道称，富途、老虎进一步关闭了中国内地居民的开户通道。 券商中国记者随后从业内了解到，近期相关券商并未收到新的 ...