Long Bridge Securities to Clear Two Account Categories per Hong Kong, Mainland Regulators' May 23 Directive

According to e.company and Long Bridge Securities' official statement on May 23, the brokerage clarified its response to cross-border securities regulations jointly issued by Hong Kong's Securities and Futures Commission and mainland Chinese regulators. Long Bridge will strictly comply and phased process account rectification across the industry.

The clearance targets two account categories: accounts opened with suspicious or forged documents, and zero-balance inactive investment accounts. Accounts opened in full compliance with legitimate assets and positions are excluded from the cleanup. Long Bridge pledged zero tolerance for fraudulent account openings in line with regulatory requirements.