记者丨李览青 编辑丨周炎炎 11月11日晚间，香港耀才证券发布公告，收购要约人蚂蚁方面正考虑可能延长交易的最后截止日期。 按照双方4月订立的收购协议，交易原定 截止日期是2025年的11月25日，但要约方有权延长交易日期 。 据此前公告，蚂蚁集团通过旗下全资控股的境外主体，以每股3.28港元的价格向耀才证券发起要约收购，目标直指其50.55%控股权， 这也被 视为蚂蚁财富进军海外券商牌照的关键一步 。 按照两地监管规定，这一交易需获得香港证监会和中国发改委的审批。此前的9月23日，香港证监会已审批通过，而根据此前耀才证券公告， 中国发改委的申报在早前几个月也已经提交，"并一直在积极与其沟通"。 然而，耀才证券方面近期公告则提示，可能无法在11月25日前达成所有交易条件。 分析人士认为，还未获得内地监管审批，应该是蚂蚁考虑 延长交易日期的核心原因 。 21世纪经济报道方面获悉，近年来监管一直在整治老虎、富途等香港券商的跨境违规开户乱象问题。 今年6月媒体再次曝光这一现象未被彻底 杜绝 。 11月12日，港股耀才证券金融低开，截至9:55，跌幅为4.36%，最新股价报8.33港元/股。 | 耀才证券金融 | | ...

（本文转自21财经，作者：李览青） 11月11日晚间，香港耀才证券发布公告，收购要约人蚂蚁方面正考虑可能延长交易的最后截止日期。按 照双方4月订立的收购协议，交易原定截止日期是2025年的11月25日，但要约方有权延长交易日期。 跨境违规开户乱象 今年6月,有媒体报道指出，老虎证券在内地仍存在通过"存量证明"等灰色方式违规开户的现象，再次引 发舆论和监管关注。9月起，富途、老虎、盈透证券等港美股券商平台，进一步收紧开户政策。 据了解，目前富途证券已暂停仅凭内地身份证的开户服务，仅支持持有香港/澳门身份证，或能提供"内 地身份证+境外永久居留证明"的客户申请开户。老虎证券更为严格，已彻底关闭了内地居民通过提供 境外工作或生活证明文件的通道，只接受非中国内地身份证件持有者的注册。 这也是监管对券商跨境开户乱象进行长达两年的整治之后，再度出现乱象。 知情人士透露，富途和老虎证券6月被曝出违规开户问题的"死灰复燃"，9月纷纷收紧开户政策，一方面 再度引发了对这一行业乱象的关注，另一方面引发了顾虑，"这几个月恰恰蚂蚁收购耀才的关键阶段， 影响肯定是负面的。" 据此前公告，蚂蚁集团通过旗下全资控股的境外主体，以每股3.2 ...

Core Viewpoint - Ant Group is considering extending the deadline for its acquisition of Yaocai Securities, originally set for November 25, 2025, due to potential regulatory approval delays from mainland China [2][5]. Group 1: Acquisition Details - Ant Group has made a cash offer of HKD 3.28 per share to acquire a 50.55% stake in Yaocai Securities, marking a significant step in its expansion into overseas brokerage licenses [5]. - The acquisition requires approvals from the Hong Kong Securities and Futures Commission and the National Development and Reform Commission of China, with the former already granted [5]. - Yaocai Securities has indicated that it may not meet all transaction conditions by the original deadline, prompting Ant Group to consider an extension [5][9]. Group 2: Regulatory Environment - The regulatory landscape has been tightening around cross-border account opening practices, with recent scrutiny on firms like Tiger Brokers and Futu Securities for violations [6][8]. - In response to regulatory pressures, Futu and Tiger have tightened their account opening policies, limiting services to certain types of identification [6][7]. - The ongoing regulatory efforts have been in place for two years, aiming to curb illegal cross-border operations by foreign brokers targeting mainland investors [8]. Group 3: Market Impact - Following the announcement of the acquisition, Yaocai Securities' stock price surged from HKD 3 to a peak of HKD 17, but has since declined to HKD 8.71 as of November 11 [7]. - Analysts believe that the acquisition could significantly enhance Yaocai's capabilities through Ant Group's technological and product advantages, facilitating a transition from traditional to internet-based brokerage services [7][9].

Group 1 - Ant Group is considering extending the deadline for the acquisition of Yao Cai Securities, originally set for November 25, 2025, as they have the right to do so under the agreement [1][4] - The acquisition offer is priced at HKD 3.28 per share, targeting a 50.55% stake in Yao Cai Securities, marking a significant step for Ant Group's expansion into overseas brokerage licenses [4] - The transaction requires approval from the Hong Kong Securities and Futures Commission and the National Development and Reform Commission of China, with the former already granted approval [4] Group 2 - Recent announcements indicate that Yao Cai Securities may not meet all transaction conditions by the original deadline, primarily due to pending regulatory approvals from mainland China [4][6] - The ongoing regulatory scrutiny of cross-border account opening practices has raised concerns, particularly as Ant Group's acquisition is at a critical stage [6][8] - Yao Cai Securities, being a traditional local broker, primarily serves Hong Kong residents and foreigners, which may mitigate some of the negative impacts from the regulatory environment [6] Group 3 - The stock price of Yao Cai Securities has experienced volatility, rising from HKD 3 to a peak of HKD 17 after the acquisition announcement, but has since declined to HKD 8.71 as of November 11 [6][8] - The regulatory crackdown on cross-border account opening has been ongoing for two years, with significant actions taken against firms like Futu and Tiger Brokers for illegal operations [7][8] - Analysts believe that the acquisition may still have a chance to succeed despite uncertainties, as the overall policy direction remains supportive of technology and private enterprises [8]