Hong Kong Brokers Blocked Mainland Chinese Clients' Accounts
Abstract：Hong Kong-listed brokerages slumped after state media reported that Guotai Junan International had banned account opening by mainland Chinese customers, possibly affecting its operations.
SHANGHAI (Reuters) - On Monday, Hong Kong-listed brokerages slumped after state media reported that Guotai Junan International had banned account opening by mainland Chinese customers, possibly affecting its operations.
According to a source at Guotai Junan International's parent company in Shanghai, the action was prompted by unwritten “window instructions” from China's securities authorities intended at deterring unlawful money outflows.On December 30, the China Securities Regulatory Commission (CSRC) prohibited Futu Holding and UP Fintech Holding from seeking new business from mainland investors.
According to the Guotai Junan source, since Mainland investors are a significant source of income for Hong Kong-based brokerages, the prohibition would have a detrimental effect on future business.
Guotai Junan did not immediately respond to a request for comment from Reuters.
On Monday, Guotai Junan's Hong Kong-listed shares declined around 0.6%. Guolian Securities fell over 3%, while Haitong International was down 1.1%.
Mainland Chinese may purchase foreign assets via official channels such as the QDII cross-border investment scheme and the Stock Connect program.
Many Chinese, however, register stock trading accounts in Hong Kong, possibly circumventing China's rigorous money controls.
According to the CSRC, Futu and UP Fintech Hong Kong engaged in cross-border securities transactions involving domestic investors without obtaining regulatory approval, in violation of Chinese legislation.
Stay tuned for more Forex news.
Install the WikiFX App on your smartphone to stay updated on the latest news.
Download link: https://www.wikifx.com/en/download.html？source=fma3
Read more
KAMA Capital Review: Do Traders Lose Due to Slippage & Inappropriate Liquidation?
Looking to trade through KAMA Capital, a Mauritius-based forex broker? You must read user reviews concerning fund safety with this brokerage entity. The company, which has been around for two-five years, has received some negative reviews recently for its several trading activities. Users have reported these experiences on broker review platforms such as WikiFX. The negative KAMA Capital reviews highlight serious slippage issues, coupled with inappropriate liquidation issues. The article aims to provide a clear picture of these user allegations along with a regulatory overview of the broker. This will help you make an informed trading decision. Read on!
MTRADING User Reputation: A Deep Look into Real Complaints and Warning Signs
When traders look for information about a broker, their biggest worry is always capital safety. The question, "Is MTRADING safe or scam?" gets right to the point. Based on checkable information from worldwide broker regulatory websites, the answer comes with serious warnings. MTRADING operates with major warning signs, especially a status of "No Regulation" and a very low trust score. WikiFX, a third-party checking service, gives the broker an extremely low rating and clearly warns of "High potential risk". This article will break down the proof behind this conclusion. We will look at MTRADING's regulatory status, examine real user complaints recorded on public websites, and check its platform features to give a clear, fact-based view for any potential user.
MTRADING Legitimacy Check: Is This a Fake Broker or a Legitimate Trading Partner?
You're asking 'Is MTRADING legit?' or worried about an 'MTRADING scam', and that's the right question to ask before risking your funds. A deep look into MTRADING's background shows major warning signs that should make you very careful. This isn't a simple yes or no answer; it's a fact-based review of the risks. Our research, using data from independent broker checking websites like WikiFX, shows MTRADING has a very low score, which means there are serious problems. The main worries are about whether it's properly regulated and the troubling number of customer complaints.
Core Prime Withdrawal & Deposit: What You MUST Know Before Funding Your Account
For any trader, understanding how to move funds is extremely important. How you add funds to your account and, more importantly, how you take them out, including the profits earned on the platform, can shape your entire trading experience. You are likely here looking for specific information about Core Prime deposit and Core Prime withdrawal methods. This guide will explain the payment options the broker claims to offer. However, knowing the process is only part of the story. The other, more important part involves understanding the risks and whether the broker can be trusted. A nice-looking website and many payment options mean nothing if your capital is not safe. The main question we need to ask is not just *how* you can withdraw funds, but *if* you can. Can you trust that your funds will be safe and your withdrawal requests will be processed? Let's look at the facts.
WikiFX Broker
Latest News
MTRADING Legitimacy Check: Is This a Fake Broker or a Legitimate Trading Partner?
WikiFXTrilt Review 2025: Is This Forex Broker Safe?
WikiFX225 People Investigated as Singapore Losses Exceed S$4.8 Million
WikiFXLuxury Villas in Sabah Raided, 28 Foreign Suspects Arrested
WikiFXWhy Smart Beginners Keep Blowing Up Their Forex Accounts
WikiFX中海寰球 Review 2026: Severe Risk Signals and Unregulated Status
WikiFXDBinvesting Review 2026: License Status, Rating, Complaints, and Field Survey Findings
WikiFXTradeZero Review 2026: Should You Trade With This Broker?
WikiFXWhy Central Bank Speeches Shift Currencies Faster Than Rate Decisions
WikiFXDollar Slips as Jobs Data Looms
WikiFXRate Calc
