According to TechFlow Post, on June 4, Futu Holdings announced that it will adjust the services for its existing mainland Chinese investors to comply with a two-year industry rectification period aimed at standardizing cross-border securities operations.
Effective June 12, 2026 (Beijing time), investment accounts in mainland China will see the following changes: 1) Purchase (opening) transactions for all instruments, including stocks, will be suspended, while sell (closing) orders remain unaffected; 2) Inward fund transfer services will also be suspended.
Futu previously restricted new account openings for mainland residents. This latest move further narrows the scope of business for existing accounts, signaling a continued shrinking of cross-border online brokers' onshore service capabilities in China.