Following Futu Tiger Longbridge, Huasheng Securities will clean up its mainland business.

CoinFeed reported on June 6th that, according to Cailian Press, Huasheng Securities issued a notice to its clients stating that, starting June 15th (Beijing time), Huasheng Securities will adjust its services for existing investor accounts in mainland China as follows: Firstly, trading services in mainland China will suspend new openings and additional position additions for all types of securities, including stocks; only selling and closing positions will be supported. Secondly, fund transfer services in mainland China will suspend fund and securities inflows, while outflows will remain normal. The notice indicates that this adjustment is to implement the industry regulatory requirements of the two-year concentrated rectification period and promote the standardized development of cross-border securities business. It emphasizes that this adjustment will not affect the provision of services to existing investors overseas, nor will it affect the security of existing assets for all clients; clients can still check their accounts and hold and sell existing positions normally.