Hong Kong SFC Clarifies: Licensed Firms May Continue Serving Existing Mainland Chinese Clients, But Not Within Mainland

According to the Hong Kong Securities and Futures Commission's clarification on its May 22 circular, licensed firms in Hong Kong may continue providing services to existing mainland Chinese investors—those holding a mainland Chinese ID or passport—provided the services are not delivered within mainland China and all applicable local and jurisdictional regulations are observed. The SFC noted that mainland Chinese authorities issued a joint notice on May 22, 2026, with requirements applicable to financial institutions across all jurisdictions, not limited to Hong Kong, when serving mainland investors.
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