Brokerages visit tourist areas during Golden Week to recruit mainland clients for account opening, with varying strictness in implementing new SFC rules

The Hong Kong Securities and Futures Commission requires local brokerages to obtain a written declaration when opening accounts for mainland residents, confirming that funds are legitimate offshore funds, and that settlement and fund deposits and withdrawals can only be processed through a qualified bank account in the client's own name. During the "National Day Golden Week", reporters inquired about opening accounts as mainland visitors and found that brokerages varied in how strictly they implemented the new rules, with some not requiring separate signatures and offering no explanation. Promotional staff at several brokerages said only a mainland identity card is needed to open an account, and Hong Kong and US stocks can be traded on the mainland without using a VPN.