Changqiao Securities: Actively responding to regulatory guidelines from both regions, and will steadily advance compliance work.

CoinFeed reported on May 23 that, according to eCompany, Changqiao Securities issued further clarification regarding recent regulatory matters concerning cross-border securities business in China. Changqiao Securities stated that the Hong Kong Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC), among other mainland regulatory authorities, have recently issued new regulatory requirements for cross-border securities business, establishing unified industry-wide standards for related services to mainland investors. These regulatory rules apply to all overseas financial institutions. Changqiao is actively responding to the regulatory guidelines from both regions and will strictly adhere to the relevant requirements to steadily advance its compliance work. Changqiao Securities stated that the scope of accounts targeted for this regulatory cleanup is limited and clearly defined, primarily targeting two types of accounts: investment accounts opened using suspicious or forged documents; and investment accounts with zero balances and no investment activity. Normal, compliant client accounts with genuine assets and holdings are not within the scope of this cleanup.