On June 10 the SFC clarified its May 22 circular. It said Hong Kong licensed
firms may open new accounts for mainland China investors (identified by PRC ID
and/or passport) provided they meet all account‑opening requirements. Firms may
continue servicing existing mainland clients only if the services are not
provided within mainland China and the firms comply with all applicable Hong
Kong and other jurisdictional laws and regulations. The SFC noted a May 22, 2026
joint notice from mainland authorities whose requirements also apply to
financial institutions in jurisdictions beyond Hong Kong when serving mainland
investors.
