In response to recent market concerns regarding mainland investors opening accounts at banks in Hong Kong, a spokesperson for the Hong Kong Monetary Authority stated that Hong Kong's regulatory bodies have maintained close and normal communication with their mainland counterparts. According to an announcement from the Hong Kong Securities and Futures Commission, brokers are required to implement additional measures for the opening and management of accounts for mainland investors. The Hong Kong Monetary Authority has also requested banks to adopt the same high business standards as those set by the Securities and Futures Commission. (Shanghai Securities Journal)
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HK Monetary Authority: Mainland Clients' Account Opening Process Runs Smoothly
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