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CSRC, SSE and SZSE will restrict Mainland investors from Northbound Trading under Stock Connect

AMENDMENT OF RULES IN RELATION TO NORTHBOUND TRADING OF STOCK CONNECT BY CHINA SECURITIES REGULATORY COMMISSION (CSRC), SHANGHAI STOCK EXCHANGE (SSE) AND SHENZHEN STOCK EXCHANGE (SZSE)

CSRC, SSE and SZSE will restrict Mainland investors from Northbound Trading under Stock Connect with effect from 25 July 2022 (the Effective Date):

 

  1. 1.From the Effective Date, Luk Fook shall NOT register new Broker-to-Client Assigned Number (BCAN) for clients who are Mainland investors, i.e. registration of new BCANs with ‘CHN’ as the country/ region of issuance (CHN BCANs) will be rejected;

 

  1. 2.There will be a 1-year transitional period (from 25 July 2022 to 23 July 2023) from the Effective Date, during which Mainland investors with registered CHN BCANs could still buy and sell China Connect Securities through Northbound Trading under Stock Connect with the registered CHN BCANs;

 

  1. 3. After the transitional period (from 24 July 2023): (A) Luk Fook will delete all CHN BCANs for their clients who are Mainland investors, (B) Mainland investors shall not proactively buy any China Connect Securities through Northbound Trading under Stock Connect (including subscription for right issues), but excluding obtaining China Connect Securities passively as a result of corporate actions (such as distribution of stock dividends), and (C) Existing China Connect Securities held by Mainland investors could be sold by tagging the reserved value prescribed by the Exchange, the arrangements of which will be announced in due course; and

 

  1. 4.During the transitional period, Mainland investors with registered CHN BCANs who cannot buy or sell China Connect Securities through Northbound Trading due to exceptional circumstances including bankruptcy of their brokers could open Northbound Trading account at other CCEPs or TTEPs for new CHN BCANs registration.

 

The following investors will be considered as “Mainland Investors”

 

  1. a) Any individuals that possess Mainland ID documents

 

  1. b) Any holders of a joint account if one of the holders is considered as Mainland investor under (a)

 

  1. c) Any corporate or unincorporated entities which are registered in the Mainland

 

The following investors will NOT be considered as “Mainland investors” and may continue to buy and sell China Connect Securities through Northbound Trading under Stock Connect:

 

  • – Any individual who holds a Permit for Proceeding to Hong Kong and Macao, i.e. One-way Permit (前往港澳通行證, i.e. 單程證) or who has obtained an identity document as proof of permanent residence in a country or region outside Mainland China

 

–    – Any branch or subsidiary of a corporate or unincorporated entity registered in Mainland China which branch or subsidiary is lawfully registered in Hong Kong or overseas

 

Reference: CT08822E.pdf (hkex.com.hk)

請注意近期冒充其他券商的網絡詐騙事件

敬請留意,近期香港出現詐騙短訊,假冒其他香港券商名義,聲稱收件人需更新帳戶資料,否則帳戶將被凍結。有關連結會導向偽冒網站,誘導輸入帳號、密碼等敏感資料,導致帳戶被非法盜用並造成財務損失。本公司特此提醒閣下提高警覺,保障帳戶安全,請注意以下事項:

1. 本公司不會要求客戶透過超連結提供個人敏感資料,包括登入資料及一次性密碼。
2. 客戶不應向任何未經核實的網站披露其帳戶登入資料,即使這些網站看似真實。
3. 請勿點擊任何來歷不明的短訊或電郵連結。
4. 在輸入個人資料前,務必確認網站為本公司官方平台.
5. 如有任何疑問,請透過本公司官網 ( https://www.lff.com.hk/) 或 客服熱線查證(852) 2980 0888 / 2980 0804。

感謝閣下的留意與配合。

请注意近期冒充其他券商的网络诈骗事件

敬请留意,近期香港出现诈骗短讯,假冒其他香港券商名义,声称收件人需更新帐户资料,否则帐户将被冻结。有关连结会导向伪冒网站,诱导输入帐号丶密码等敏感资料,导致帐户被非法盗用并造成财务损失。本公司特此提醒阁下提高警觉,保障帐户安全,请注意以下事项:

1. 本公司不會要求客戶透過超連結提供個人敏感資料,包括登入資料及一次性密碼。
2. 客戶不應向任何未經核實的網站披露其帳戶登入資料,即使這些網站看似真實。
3. 请勿点击任何来历不明的短讯或电邮连结。
4. 在输入个人资料前,务必确认网站为本公司官方平台.
5. 如有任何疑问,请透过本公司官网 ( https://www.lff.com.hk/) 或 客服热线查证(852) 2980 0888 / 2980 0804。

感谢阁下的留意与配合。

Recent Phishing Scam Impersonating Other Brokers

This is a reminder that scam SMS messages are currently circulating, impersonating other Hong Kong brokers and falsely claiming that recipients must update their account information or risk account suspension. These messages contain links to fake websites designed to steal login credentials, leading to unauthorized account access and financial loss. Our company would like to take this opportunity to remind you to stay vigilant and follow these precautions to protect your account:

1. Our company will not ask clients to provide sensitive personal information via hyperlinks, including login credentials and one-time passwords.
2. Clients should not disclose their account login information to any unverified websites, even if they look genuine.
3. Do not click on links in suspicious SMS or emails.
4. Always confirm you are on our official website before entering any information.
5. If in doubt, verify through our official website ( https://www.lff.com.hk/) or customer service hotline (852) 2980 0888 / 2980 0804.

Thank you for your attention and cooperation.