调查！伪造材料半小时极速“开户”，老虎证券审核形同虚设，港股打新热催生“伪存量”灰色地带

Core Viewpoint - Tiger Brokers is under scrutiny for allegedly using fraudulent methods to illegally expand its client base in mainland China, despite being previously identified by the China Securities Regulatory Commission (CSRC) as operating illegally since 2022 [2][9]. Group 1: Allegations and Responses - Reports indicate that Tiger Brokers has been accused of helping ineligible mainland clients open accounts by forging documents [2][9]. - In response to the allegations, Tiger Brokers claimed that the information is severely misleading and constitutes malicious defamation [2]. - Numerous individuals claiming to be channel managers for Tiger Brokers are reportedly offering "account opening strategies" on social media, including the provision of forged documents [3][9]. Group 2: Account Opening Process - A journalist's investigation revealed that the account opening process at Tiger Brokers can be completed in under half an hour, with the use of forged documents [8][9]. - The journalist was able to receive a successful account opening notification after submitting a fabricated proof of account from a foreign broker [8][9]. - Allegedly, the channel manager assured that many mainland clients have successfully opened accounts using similar methods, indicating a potential systemic issue within the company's compliance checks [9][10]. Group 3: Regulatory Context and Market Dynamics - Since December 31, 2022, Tiger Brokers has been prohibited from accepting new account applications from mainland clients, yet loopholes exist allowing some clients to open accounts using forged documents [9][12]. - The surge in Hong Kong's IPO market, with total fundraising exceeding HKD 776 billion, has intensified interest in accessing the market, leading some investors to seek alternative routes through cross-border brokers [12][13]. - Despite the regulatory crackdown, Tiger Brokers reported strong financial performance, with a 77.3% year-on-year revenue increase to USD 1.24 billion in Q4 2024, and a significant rise in new account openings [13][14].