The brokerage will suspend new openings, position increases, and inbound transfers for affected accounts, while still allowing selling, closing trades, and outbound transfers.
Valuable Capital told clients on June6 that it will tighten services for legacy investor accounts in mainland China starting June 15, Beijing time. The changes will stop new openings and position increases all products, shifting those accounts to sell-only trading that permits clients to close positions but not add to them. The brokerage will also halt inbound fund and securities transfers, while outbound transfers will continue as normal. The move effectively limits affected accounts to reducing exposure and withdrawing assets rather than expanding positions.