ChainCatcher report: Longbridge Securities has issued an announcement stating that, in order to implement the relevant industry regulatory requirements of the China Securities Regulatory Commission’s (CSRC) two-year concentrated rectification period and to promote the standardized development of cross-border securities business in mainland China, Longbridge will make corresponding adjustments to services provided to existing investors within mainland China. Details are as follows: Services for trading within mainland China: Suspension of all new positions and additional positions for stocks and other instruments; only sell and close-out operations will be supported. Services for fund transfers within mainland China: Suspension of fund deposits; fund withdrawals will remain operational, with full efforts made to ensure the security of your funds. These arrangements will take effect on June 12, 2026, Beijing Time. This adjustment will not affect services provided to existing investors outside mainland China, nor will it impact the security of assets held by all clients; clients may continue to query their accounts, hold, and sell existing positions normally. On May 22, the CSRC issued an announcement stating that the illegal cross-border business activities of Tiger Brokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, and Longbridge Securities (Hong Kong) Limited violated Chinese securities, funds, and futures laws and regulations and disrupted market order, and must be resolutely cracked down upon. In accordance with relevant regulations, the CSRC intends to confiscate all illegal gains of the related entities of Tiger, Futu, and Longbridge both inside and outside mainland China, and impose strict legal penalties.
Long Bridge Securities suspends new and add-to-position trading in China effective June 12.
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Summary
Long Bridge Securities will cease new and add-to-position trading in China effective June 12, 2026, as part of the country’s regulatory rectification efforts. Only sell and close-position transactions will remain permitted, with withdrawals allowed but no deposits. This decision follows a CSRC notice on May 22 naming Long Bridge, Tiger Brokers, and FUTU for offering illegal cross-border services. The move affects liquidity and crypto markets amid ongoing debates in global trading frameworks over securities versus commodities.
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