Long Bridge Securities Responds to Cross-Border Supervision: Will Steadily Promote Compliance Efforts

Long Bridge Securities released a statement on May 23, responding to recent regulatory dynamics in China's cross-border securities business. The statement emphasized that the current regulatory standardization is a unified requirement at the industry level and is not aimed at a single institution; all overseas financial institutions providing related services to mainland investors are within the scope of restraint.

Long Bridge stated that it would actively respond to the regulatory guidance of both regions and steadily promote compliance efforts, but did not disclose a specific schedule for rectification or details of business adjustments.

Against the backdrop of this statement, the market's attention to the compliance boundaries for overseas brokers conducting business with mainland investors continues to rise, and it is worth following the subsequent pace of regulatory implementation.