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Longbridge Suspends New Positions for Mainland Investors Starting June 12 Over Regulatory Crackdown

2026-06-03 13:26:09

According to Longbridge's announcement on June 3, the brokerage will adjust services for mainland Chinese investors starting June 12 in response to China Securities Regulatory Commission's two-year cross-border securities business rectification initiative. Longbridge will suspend all new position openings and position increases in mainland accounts, permitting only sell-out and position closure operations. Additionally, mainland fund transfers in will be suspended while fund withdrawals remain normal. Longbridge stated the measures do not affect offshore services or client asset safety, with clients able to query accounts and maintain or liquidate existing positions.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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