Mainland China’s investors face new hurdles as Hong Kong brokers tighten rules

Shenzhen-based AI engineer Sihan Wang recently decided to liquidate all holdings in his Futu Securities account, which he opened a year ago, citing concerns that escalating regulatory oversight could restrict his ability to manage overseas investments.
“I would rather step back now than risk having my funds caught up in future restrictions,” Wang said.

He is now considering shifting capital into mainland-listed gold products and mutual funds.
Wang’s move reflects a broader squeeze on mainland...