Huasheng Securities will wind down its existing mainland operations and suspend the opening of new positions and the transfer of funds and securities into its accounts effective June 15.

Svmuu reported that on the morning of June 6, Huasheng Securities issued a notice to its clients stating that from June 15, Beijing time, it will adjust its services for existing investor accounts in mainland China. This includes suspending new positions and additional position trading for all asset types such as stocks, supporting only sell and close position operations; and suspending transfers of funds and securities into accounts, while outbound transfer functions remain normal. The notice stated that this adjustment does not affect the provision of services for existing investors abroad, nor does it impact the security of all clients' existing assets. Clients can continue to check account information, hold, and sell their existing positions as normal.