Core Viewpoint - Futu Holdings (NASDAQ:FUTU) has seen a decline in stock price by 5.77% to $167.72 following reports of further restrictions on account openings for mainland Chinese residents [1] Group 1: Company Actions - Futu Securities and Tiger Brokers have further restricted account openings for mainland Chinese residents, aligning with new regulatory requirements [1] - The updated account opening conditions now require mainland clients to possess overseas permanent residency identification [1] - Currently, only clients with Hong Kong or Macau identification can open accounts, while the system upgrade is in progress [1] Group 2: Regulatory Environment - The changes in account opening procedures are a response to the latest regulatory demands affecting cross-border internet brokerage services [1] - The company plans to allow account openings with mainland identification plus overseas permanent residency identification once the system upgrade is completed [1]