On August 24, recent reports indicate that some banks in Hong Kong have initiated a declaration of funds source procedure for certain mainland investor clients with inactive accounts. Deadlines have been set for August 20 (failure to submit may result in suspension of investment services) and September 12 (failure to submit may lead to termination of investment services). According to various sources, some licensed institutions in Hong Kong, including HSBC Hong Kong and branches of Chinese banks, have indeed implemented these measures, primarily targeting long-term 'inactive accounts.' An HSBC spokesperson stated, 'When managing investment client relationships, we adhere to relevant regulatory requirements. Therefore, we invite the relevant mainland investors to provide self-declarations and confirm that the information provided in our 'Know Your Customer' (KYC) and 'Customer Due Diligence' processes is current and valid. This helps us to continuously provide uninterrupted services to our clients. The latest declaration requirements apply only to our investment service clients.' It is understood that these measures by banks in Hong Kong are based on a notice issued by the Hong Kong Monetary Authority on May 22 (in conjunction with a circular from the Hong Kong Securities and Futures Commission) and are not due to any new policies or regulatory guidance. (First Financial)