Di Yi Cai Jing·2025-09-24 12:05Core 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]