PANews reported on May 28th that, according to Yicai Global, Futu and Changqiao have recently begun cleaning up accounts opened with false supporting documents and empty accounts with no assets or positions, closing these two types of accounts. Meanwhile, it was noted that the Futu NiuNiu app has added a "Update Identity Information" shortcut in the "Account" section, along with an "Explanation on Updating Identity Information," reminding customers that if they hold compliant overseas identity documents, updating their information will not affect account transactions, fund deposits and withdrawals, or any other business or function.

Earlier reports yesterday indicated that some banks in Hong Kong require applicants to sign a declaration confirming the source of funds when opening investment accounts .