China Securities Regulator Holds Secret Meeting with Hong Kong Brokerages in Shenzhen, Reiterates Compliance Demands
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Hong Kong media reports that the China Securities Regulatory Commission (CSRC) recently held a secret meeting with Hong Kong brokerages in Shenzhen to review progress on cleaning up mainland Chinese clients, reiterating demands including suspending online account openings for mainland residents and completing rectification within two years. This follows the CSRC's recent penalties against Tiger Brokers, Futu Securities, and Changqiao Securities.