Svmuu reported that since yesterday (May 26), banks in Hong Kong and some of their clients have indicated that new requirements have been imposed on documents provided by clients when opening investment accounts offline through bank channels in Hong Kong, requiring the signing of a statement declaring the legal source of funds.
A source from a foreign bank in Hong Kong stated that the aforementioned situation of newly added related statement signing does exist and is an adjustment made in line with local regulatory requirements. According to documents shown by several clients, the main content of the newly added cross-border disclosure statement is that the individual opening the investment account must confirm that "all funds used to support investment activities and related settlements come from legitimate sources outside mainland China," and mainland Chinese residents are reminded that investment account services are only applicable to investors located in Hong Kong (e.g., those living or working in Hong Kong) and that they should ensure the source of funds is legal and compliant. (Cailianshe)