After Chinese regulators launched a centralized remediation of cross‑border broker practices, the Futu NiuNiu app shows divergent trading statuses across accounts held by the same investor. Some existing mainland China investors’ Futu Securities (Hong Kong) accounts are blocked from buy orders and require updated overseas ID, while Moomoo accounts run by a U.S.-licensed provider can still place orders. Separately, several locally licensed Hong Kong brokers’ account‑opening channels remain operab

After Chinese regulators launched a centralized remediation of cross‑border broker practices, the Futu NiuNiu app shows divergent trading statuses across accounts held by the same investor. Some existing mainland China investors’ Futu Securities (Hong Kong) accounts are blocked from buy orders and require updated overseas ID, while Moomoo accounts run by a U.S.-licensed provider can still place orders. Separately, several locally licensed Hong Kong brokers’ account‑opening channels remain operable and intermediaries continue recruiting mainland clients on social platforms with cashback incentives.