Huasheng Securities will clear its existing business in the mainland, suspending new positions and fund securities transfers starting from June 15

According to a report by Jinshi, Huasheng Securities issued a notice to clients on the morning of June 6, stating that starting from June 15, Beijing time, it will adjust services for existing investor accounts in mainland China, including suspending the opening of new positions and increasing positions in all varieties such as stocks, and only supporting sell and close operations; suspending the transfer of funds and securities, while the transfer out function remains normal.

The notice stated that this adjustment does not affect the services provided to existing investors overseas, nor does it affect the safety of existing assets for all clients. Clients can normally check their accounts, hold, and sell existing positions.