Tiger Brokers, Longbridge curb new trades for mainland China accounts after CSRC action
Futu will also restrict mainland China legacy investors from June 12, 2026, suspending buy trades and inbound transfers while allowing sell and closing transactions during a two-year rectification period.
Offshore brokers serving mainland China investors are tightening trading access after the China Securities Regulatory Commission (CSRC) accused several firms of illegal cross-border securities business on May 22. Longbridge said on June 3 it would suspend new position openings and additions across stocks and other products for existing mainland China accounts, permit only sell and position-closing trades, and halt inbound fund transfers while allowing outbound transfers. Tiger Brokers separately said it will suspend new position openings, add-on trades and deposits for mainland China legacy investors from June 12, 2026, while keeping selling, withdrawals, account access and overseas services available. Futu Holdings has now said it will adjust services for existing investors in mainland China during a two-year industry rectification period, suspending buy or opening trades for all products and inbound fund transfers from June 12, 2026, Beijing time, while leaving sell or closing trades unaffected.
- cross-border securities business: Investment services offered across jurisdictions, which can trigger regulatory issues when licenses or approvals do not cover clients in another market.
- industry rectification period: A regulator-driven compliance window during which firms are expected to correct business practices and align operations with rules.
- inbound transfers: Moving funds into a brokerage account.