21世纪经济报道·2025-09-24 13:49Core 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].