According to a ChainCatcher report, Long Bridge Securities has issued an announcement outlining service adjustments for existing client accounts within mainland China, citing compliance with the China Securities Regulatory Commission's (CSRC) two-year industry rectification requirements aimed at standardizing cross-border securities business.
Service Adjustment Details
Effective from June 12, 2026 (Beijing time), the new rules will halt all types of new position openings and additional buying for stocks and other products in mainland China. Clients will only be permitted to sell or close existing positions. On the fund management side, deposits into accounts will be suspended, while withdrawal services will remain fully operational to safeguard investor funds. The broker stressed that these limitations apply exclusively to services within mainland China, while services provided outside the mainland will not be affected. All current assets of clients remain secure, and account inquiries, holdings, and sales of existing positions will continue as normal.
Regulatory Backdrop and Penalties
The adjustment follows a May 22 announcement by the CSRC, which identified Tiger Brokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, and Long Bridge Securities (Hong Kong) Limited as engaging in illegal cross-border business activities that violated China's securities, fund, and futures laws and disrupted market order. The regulator announced plans to confiscate all the illegal gains obtained by these three brokers, both domestically and overseas, and impose severe penalties in accordance with relevant regulations. Long Bridge's latest move represents a direct response to the CSRC's enforcement actions and signals a further tightening of oversight for cross-border internet brokerages serving mainland clients.