Can you no longer touch Hong Kong and US stocks? Futu and Tiger have closed the account opening channels for mainland residents, requiring overseas permanent residency.

Overnight, Futu and Tiger have closed the door to account opening for mainland residents; this door was shut just like that. Is it due to tightening regulatory lines or compliance games in cross-border finance?

As early as 2023, it had already been removed.

On September 22, 2025, Futu Securities' account opening policy suddenly hit the brakes.

According to the latest regulatory requirements, mainland customers must hold overseas permanent residency identification to open an account, which effectively blocks most ordinary investors from entering.

The statement from Futu Niuniu customer service carries a hint of subtlety: "The company is undergoing system upgrades, and currently only supports customers with Hong Kong or Macau identification to open accounts."

This implies that mainland identification has temporarily become an invalid pass. They must wait for the system upgrade to be completed before they can apply again using the combination of 'mainland ID + overseas permanent residency proof.'

Tiger Securities' actions were even earlier.

From September 15 to 21, 2025, this brokerage quietly adjusted the account opening policy for mainland residents.

Customer service clearly stated that they will no longer accept mainland residents opening accounts by providing documents related to overseas work or living, knowing that this was once a gray area for many to bypass regulations.

Now, Tiger's attitude is even more resolute, only recognizing non-mainland Chinese identification documents, effectively cutting off the regular channel for mainland identity cross-border account opening.

The two leading brokerages tightened their gates almost simultaneously. Rather than being a coincidence, it's more of an inevitable choice under regulatory pressure. The once lenient account opening policies have overnight become compliance loopholes that urgently need to be blocked. $BNB