2026 Hong Kong Account Opening and Cross-Border Investment Compliance for Mainland Chinese Residents (Rectification Period Edition)
A complete reference after the major regulatory changes in May–June 2026 — the CSRC imposed heavy penalties on Futu/Tiger/Longbridge; starting 12 June, mainland investors can only sell/withdraw but cannot buy/deposit; HKMA requires investment account holders to sign a declaration that "funds come from outside mainland China", while savings accounts are explicitly unaffected; practical account opening guidance (traditional banks as primary choice + ZA Bank as backup/ID card accepted as proof of address/interview talking points/three key figures for fund compliance) + why credit card applications fail + QDII as the only legal channel for small capital to invest overseas + a list of debunked circulating claims. Highly time-sensitive; policies may change at any time during the two-year rectification period