© Reuters. FILE PHOTO: A man stands near a screen showing news footage of Chinese President Xi Jinping at the China Securities Regulatory Commission building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang/File Photo
New investments by existing mainland clients are also to be"strictly monitored" to prevent investors bypassing China's foreign exchange controls, the notice said. China Securities Regulatory Commission told brokerages to stop offering securities trading from offshore accounts such as Hong Kong to new mainland investors, according to a Sept. 28 notice issued by its Shanghai unit.It was not clear when the new directive was effective, but the sources said they believed the regulator meant effective immediately.
Source: Digital Coin News (digitalcoinnews.net)
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