Futu Securities Clarifies China's Cross-Border Securities Regulation: Users with Foreign ID Not Affected

According to Futu Securities (Hong Kong) statement on May 25, the recent regulatory framework released by China's eight government agencies targets all financial institutions providing overseas securities trading to mainland investors. The new rules apply only to investors who hold exclusively a mainland Chinese ID or passport without any foreign identity documents.

Users holding any valid foreign identity—including Hong Kong permanent resident identity cards, Hong Kong non-permanent resident identity cards, work or study visas, or other foreign identity documents—are not affected. Futu Securities confirmed that user accounts and all trading and fund services remain fully operational. The company noted that detailed implementation guidelines for the two-year rectification period have not yet been released.