Futu Holdings issued a notice on June 4 stating that, to comply with the two-year regulatory rectification of cross-border securities business and promote standardized development, it will adjust services for existing mainland China investors from June 12, 2026 (Beijing time). The move, reported by Odaily Planet Daily citing Jinshi, specifically targets buy orders and fund transfers into accounts.
According to the announcement, all buy (open) transactions for stocks, funds, and other products will be suspended for legacy mainland accounts from that date, while sell (close) transactions remain unaffected. The service for transferring funds into these accounts will also be halted, meaning investors can no longer add fresh capital. Fund withdrawals and transfers out will continue to function normally.
This effectively means that starting June 12, Futu's existing mainland clients will be unable to initiate new positions, limited to reducing holdings or maintaining current portfolios. The notice did not cover overseas accounts or new account policies, applying only to the legacy mainland customer base.