PANews reported on June 10 that, according to People's Finance, the Hong Kong Securities and Futures Commission (SFC) has provided further interpretation of its May 22 circular. Frequently Asked Questions (9) in the circular states that Hong Kong licensed companies can continue to open new accounts for mainland Chinese investors (i.e., investors using Chinese resident identity cards and/or Chinese passports as identification documents), but must comply with all account opening requirements. The SFC further stated that Hong Kong licensed companies can continue to provide services to existing mainland Chinese clients, provided that the services are not provided within mainland China and that they have complied with all relevant laws and regulations of Hong Kong and applicable jurisdictions. The SFC also noted the joint notice issued by mainland Chinese authorities on May 22, 2026, whose requirements also apply to the activities of financial institutions in other jurisdictions (i.e., not limited to Hong Kong) when providing services to mainland Chinese investors.