BlockBeats report: On May 25, Tiger Securities issued a client notice regarding recent regulatory guidance, stating that the relevant regulatory details have not yet been fully implemented; currently, deposits, position building, and trading by domestic clients remain unaffected, and the platform "will not terminate existing users."
Tiger Securities stated that this regulatory guidance primarily targets individual investors who hold only a mainland China ID card or mainland China passport and have no overseas identity, and the impact applies across the entire industry, including cross-border brokerage platforms such as Tiger, Futu, and Changqiao.
According to the notice, individual customers holding a Hong Kong Permanent Resident Identity Card, a Hong Kong Non-Permanent Resident Identity Card, a work visa, a student visa, or other valid overseas identification documents, as well as overseas-registered entities, are currently "unaffected," and their accounts, transactions, and deposit and withdrawal services continue to operate normally.
For affected customers, Tiger stated that it may gradually restrict activities such as "deposits and purchases" within the country in the future, but the specific implementation timeline and details have not yet been finalized. If a formal plan is introduced, users will be notified in advance with appropriate transition arrangements.
Regarding asset security, Tiger emphasizes the strict segregation of client funds from company operational funds. Assets in U.S. stocks, Hong Kong stocks, and Singapore stocks are custodied by DTCC, the Hong Kong Central Clearing System, and the Singapore CDP, respectively. The company’s overall operations and financial condition remain healthy.
BlockBeats previously reported that on May 22, Xiangshang Rongke (formerly Tiger Securities) announced that on May 22, 2026, certain of its subsidiaries received notice from the Beijing Branch of the China Securities Regulatory Commission (CSRC), indicating that the CSRC Beijing Branch had launched an investigation into suspected illegal activities involving securities, funds, and futures business. The investigation found that these subsidiaries engaged in unlicensed cross-border securities business and conducted illegal fund and futures-related activities within mainland China. Based on the investigation findings, the CSRC Beijing Branch imposed administrative penalties totaling approximately RMB 308.1 million and confiscated illegal gains totaling approximately RMB 103.1 million.