Hong Kong’s Kowloon area. The suspension of mainland accounts would hit many local brokerages hard, as mainland customers are an important source of income for them. Photo: AFP
Hong Kong brokerage Bright Smart suspends mainland Chinese clients’ accounts ahead of new CSRC regulation
- Move comes after CSRC said last month it would implement a new regulation from February 28, which could introduce tighter scrutiny of cross-border trading in shares
- Account suspensions will not have any impact on business and income, Bright Smart says
Hong Kong’s Kowloon area. The suspension of mainland accounts would hit many local brokerages hard, as mainland customers are an important source of income for them. Photo: AFP
