The Hong Kong Monetary Authority has requested banks to enhance oversight of Hong Kong investment accounts held by mainland investors, including: - Cleansing accounts opened with suspicious or forged documents - Closing long-term inactive accounts with zero balances - Implementing stricter scrutiny of fund sources and bank accounts for new openings Banks are also encouraged to promote compliant channels such as the Wealth Management Connect, Stock Connect (Shanghai-Hong Kong), and Stock Connect (Shenzhen-Hong Kong). https://t.co/fAdO41vySy
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