According to recent news, some banks in Hong Kong have initiated funding source declaration procedures for some mainland investors and set time points such as August 20 and September 12. Previously, in response to the relevant requirements of the Hong Kong Securities Regulatory Commission and the Hong Kong Monetary Authority, some banks have begun requiring new mainland investors to confirm that the source of funds is an overseas legal channel. This funding source confirmation procedure targets existing mainland investor accounts and attracted attention and discussion. According to information, some Hong Kong licensed institutions, including HSBC Hong Kong and the Hong Kong branches of Chinese banks, have taken the above measures recently, but the main target is long-term “immovable households.”

According to recent news, some banks in Hong Kong have initiated funding source declaration procedures for some mainland investors and set time points such as August 20 and September 12. Previously, in response to the relevant requirements of the Hong Kong Securities Regulatory Commission and the Hong Kong Monetary Authority, some banks have begun requiring new mainland investors to confirm that the source of funds is an overseas legal channel. This funding source confirmation procedure targets existing mainland investor accounts and attracted attention and discussion. According to information, some Hong Kong licensed institutions, including HSBC Hong Kong and the Hong Kong branches of Chinese banks, have taken the above measures recently, but the main target is long-term “immovable households.”