ME News report, on May 27 (UTC+8), according to Caixin, in response to the matter of "some banks in Hong Kong requiring investors to sign a declaration when opening investment accounts," the Hong Kong Monetary Authority today stated that the relevant regulatory requirements were issued to all authorized institutions on May 22. Materials provided by the Hong Kong Monetary Authority show that registered institutions are required to implement three additional measures when opening and managing investment accounts for mainland investors, including:
One, close investment accounts opened using suspicious or forged documents, and identify customer investment accounts opened using suspicious or forged documents, including identity documents, since January 2023 or any other period specified by the Monetary Authority.
II. Close zero-balance inactive investment accounts, specifically referring to investment accounts held by mainland investors that had no asset balance as of May 22, 2026 (reference date), and had no customer-initiated activity during the 12 months prior to the reference date;
Third, when opening a new investment account, obtain a written statement from the mainland investor confirming that all funds used to support investment activities and related settlements originate from legal sources outside mainland China. Relevant documents indicate that the additional regulatory measures apply only to investment accounts, including investment accounts within comprehensive bank accounts; non-investment functions (such as regular savings, checking and time deposits, payments, loans, and credit cards) are not subject to these measures. Additionally, these additional measures apply solely to individual clients and do not apply to corporate or institutional clients.(Source: Caixin)