IBG, Inc.(US:IBKR) Sou Hu Cai Jing·2025-09-10 22:59Group 1 - Interactive Brokers, a major US-based online brokerage, has tightened its account opening policies for mainland Chinese residents, requiring proof of overseas work or residence [1][3] - The company's app has been removed from mainland app stores, making it inaccessible for new users in China [1][3] - This tightening follows similar actions by other online brokerages like Futu Securities and Tiger Brokers, which have also restricted account openings for mainland clients [3] Group 2 - The tightening of account opening policies comes amid increased scrutiny from Chinese tax authorities, with many investors receiving tax payment notifications related to overseas income [4] - The Common Reporting Standard (CRS) framework has led to enhanced tax information exchange, impacting mainland investors seeking to avoid tax obligations [3][4] - The Hong Kong Stock Connect program offers more favorable tax conditions for mainland investors compared to opening overseas accounts, with certain tax exemptions available until 2027 [5][6]