Guotai Junan International reportedly restricts mainland existing clients from depositing and buying while in mainland China

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Chinese brokerages begin winding down mainland China business; Guotai Junan International has restricted account deposits and purchases

BlockBeats reports,September 28, following cross-border Chinese brokerages such as Futu, Tiger Brokers, Longbridge and China Renaissance Securities, some Chinese-funded brokerages in Hong Kong have also begun winding down existing mainland China business. To implement relevant regulatory requirements, Guotai Junan International has, since the day of this month, partially adjusted the services available to existing investor accounts in mainland China. According to Guotai Junan International customer service representatives, the adjustments are similar to those previously made by brokerages including Futu Holdings and Tiger Brokers: when existing mainland investor accounts log in from mainland China (the login is shown as mainland China), they will be unable to deposit funds or buy, and may only withdraw funds and sell. When the relevant account's login shows outside mainland China, the account's deposit, withdrawal and trading functions will not be affected. If a client obtains a new identity, they must update the corresponding new identity-document information; at that point, the client, as the holder of an overseas identity document, will not be subject to this restriction.

Original link 26 day IP location IP location https://m.theblockbeats.info/flash/369366

Key points

BlockBeats says that, since September 26, Guotai Junan International has adjusted the services available to existing investor accounts in mainland China.
Relevant accounts logging in from mainland China cannot deposit funds or buy, and may only withdraw funds and sell.
When logging in from outside mainland China, the relevant accounts' deposit, withdrawal and trading functions are not affected.
Clients who update their status to holders of overseas identity documents are reportedly not subject to the restriction.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

Simply put, some existing mainland China clients cannot continue depositing funds or buying when they log in to their accounts from mainland China, but can still sell and withdraw funds; logging in from outside mainland China is not subject to this restriction.

Why it matters to readers

This could affect the convenience of relevant clients participating in trading through Guotai Junan International, but the original article does not state the number of affected accounts or any broader market impact.

If you use the relevant brokerage, you need to distinguish how the login location, account status and identity-document information affect the available functions.

Risks and unknowns

The information comes from a BlockBeats report and statements attributed by it to Guotai Junan International customer service.
The original text does not provide an official announcement or regulatory document from Guotai Junan International.
The original text does not state the number of affected accounts, nor does it clearly define the full scope of applicability of this adjustment.

Guotai Junan International reportedly restricts mainland existing clients from depositing and buying while in mainland China

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