2 1 Shi Ji Jing Ji Bao Dao·2025-09-24 14:53Core 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].