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Longbridge Securities to Adjust Mainland CN Services for Existing Investor Accounts; Only Sell and Close-Out Operations Supported
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Longbridge Securities announced that, in order to implement the China Securities Regulatory Commission's two-year centralized rectification regulatory requirements and promote the standardized development of China's cross-border securities business, the company will adjust its services in Mainland China for existing investor accounts, with effect from next Friday (12th). Regarding trading services in Mainland China, the company will suspend new position openings and position increases for all products including equities, and will only support sell and close-out operations. In terms of fund transfer services in Mainland China, inward fund transfers will be suspended, while outward transfers will remain available to fully safeguard fund security. The company emphasized that the adjustment will not affect services provided to existing investors outside Mainland China, nor will it impact the safety of clients existing assets. Clients can normally check their accounts, hold, and sell existing positions. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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