{"id":17799,"date":"2026-08-11T16:11:03","date_gmt":"2026-08-11T08:11:03","guid":{"rendered":"https:\/\/www.sw-hk.com\/?p=17799"},"modified":"2026-08-11T16:11:03","modified_gmt":"2026-08-11T08:11:03","slug":"closing-the-loophole-inside-chinas-crackdown-on-offshore-brokerages","status":"publish","type":"post","link":"https:\/\/www.sw-hk.com\/zh\/closing-the-loophole-inside-chinas-crackdown-on-offshore-brokerages\/","title":{"rendered":"\u5c01\u5835\u6f0f\u6d1e: \u4e2d\u56fd\u5bf9\u79bb\u5cb8\u5238\u5546\u7684\u6574\u6cbb\u884c\u52a8"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.sw-hk.com\/wp-content\/uploads\/2026\/08\/20260811_C.png\" \/><!--more--> <span class=\"ellipsis\" id=\"ellipsis-584111803\" style=\"opacity: 0; position: absolute; z-index: -1;\">&#8230;<\/span><span class=\"rmwp-button-wrap\" id=\"rmwp-button-wrap-584111803\" style=\"display: none;\"><button name=\"read more\" type=\"button\" onclick=\"rmwpButtonAction( '584111803', 'Read More', 'Read Less' )\">Read More<\/button><\/span><\/p>\n<div class=\"rmwp-toggle \" id=\"rmwp-toggle-584111803\" style=\"display: none\">\n<p>\u4e2d\u56fd\u8bc1\u5238\u76d1\u7ba1\u673a\u6784\u6301\u7eed\u591a\u5e74\u7684\u6253\u51fb\u65e0\u724c\u8de8\u5883\u5238\u5546\u884c\u52a8\uff0c\u8fd1\u65e5\u5f00\u51fa\u4e86\u8fc4\u4eca\u4e3a\u6b62\u6700\u91cd\u7684\u4e00\u67aa\u30022026\u5e745\u670822\u65e5\uff0c\u4e2d\u56fd\u8bc1\u5238\u76d1\u7763\u7ba1\u7406\u59d4\u5458\u4f1a\uff08&#8221;<strong>\u4e2d\u56fd\u8bc1\u76d1\u4f1a<\/strong>&#8220;\uff09\u8054\u5408\u5176\u4ed6\u4e03\u4e2a\u653f\u5e9c\u90e8\u95e8\u5ba3\u5e03\uff0c\u5c06\u5bf9\u8be5\u5730\u533a\u4e09\u5bb6\u77e5\u540d\u7684\u5728\u7ebf\u5238\u5546\u91c7\u53d6\u575a\u51b3\u679c\u65ad\u7684\u6267\u6cd5\u884c\u52a8<a href=\"#_ftn1\" name=\"_ftnref1\">[1]<\/a>\uff1a<\/p>\n<ul>\n<li>Tiger Brokers (NZ) Limited\uff08\u8001\u864e\u8bc1\u5238\uff08\u65b0\u897f\u5170\uff09\u6709\u9650\u516c\u53f8\uff09<\/li>\n<li>\u5bcc\u9014\u8bc1\u5238\u56fd\u9645\uff08\u9999\u6e2f\uff09\u6709\u9650\u516c\u53f8\uff08Futu Securities International (Hong Kong) Limited\uff09\uff1b\u53ca<\/li>\n<li>\u957f\u6865\u8bc1\u5238\uff08\u9999\u6e2f\uff09\u6709\u9650\u516c\u53f8\uff08Longbridge Securities (Hong Kong) Limited\uff09\u3002<\/li>\n<\/ul>\n<p>\u6b64\u6b21\u8054\u5408\u884c\u52a8\u2014\u2014\u62df\u5904\u7f5a\u91d1\u989d\u8d85\u8fc7\u4eba\u6c11\u5e0123\u4ebf\u5143\uff08\u7ea6\u5408\u6e2f\u5e0126.7\u4ebf\u5143\uff09\u3001\u5f3a\u5236\u4e24\u5e74\u5185\u9010\u6b65\u6e05\u9000\u9762\u5411\u5185\u5730\u7684\u4e1a\u52a1\uff0c\u4ee5\u53ca\u9999\u6e2f\u8bc1\u76d1\u4f1a\u540c\u6b65\u4f5c\u51fa\u7684\u76d1\u7ba1\u56de\u5e94\u2014\u2014\u5f70\u663e\u4e86\u5317\u4eac\u65b9\u9762\u5c01\u5835\u65e0\u724c\u8de8\u5883\u5238\u5546\u6e20\u9053\u5e76\u91cd\u65b0\u638c\u63a7\u8de8\u5883\u8d44\u91d1\u6d41\u52a8\u7684\u51b3\u5fc3\u3002<\/p>\n<p>\u5728\u672c\u671f\u901a\u8baf\u4e2d\uff0c\u672c\u6240\u7684\u76d1\u7ba1\u6267\u6cd5\u4e0e\u5408\u89c4\u56e2\u961f\u6982\u8ff0\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u7684\u8c03\u67e5\u7ed3\u679c\u3001\u6574\u6539\u65b9\u6848\u7684\u8fd0\u4f5c\u673a\u5236\u3001\u9999\u6e2f\u8bc1\u76d1\u4f1a\u7684\u540c\u6b65\u884c\u52a8\uff0c\u4ee5\u53ca\u5bf9\u5728\u9999\u6e2f\u4e0e\u5185\u5730\u8de8\u5883\u8fd0\u8425\u7684\u5238\u5546\u3001\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\u53ca\u91d1\u878d\u79d1\u6280\u5e73\u53f0\u800c\u8a00\u5e94\u5173\u6ce8\u7684\u6838\u5fc3\u8981\u70b9\u3002<\/p>\n<ol>\n<li>\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u7684\u7acb\u573a<\/li>\n<\/ol>\n<p>2026\u5e745\u670822\u65e5\uff0c\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u5ba3\u5e03\u5c06\u5bf9\u8001\u864e\u8bc1\u5238\uff08\u65b0\u897f\u5170\uff09\u3001\u5bcc\u9014\u8bc1\u5238\u56fd\u9645\uff08\u9999\u6e2f\uff09\u53ca\u957f\u6865\u8bc1\u5238\uff08\u9999\u6e2f\uff09&#8221;\u5883\u5185\u5916\u76f8\u5173\u4e3b\u4f53\u5728\u5883\u5185\u975e\u6cd5\u7ecf\u8425\u8bc1\u5238\u4e1a\u52a1&#8221;\u91c7\u53d6\u575a\u51b3\u679c\u65ad\u7684\u6267\u6cd5\u884c\u52a8\uff0c\u6307\u5176\u884c\u4e3a\u8fdd\u53cd\u4e86\u4e2d\u56fd\u8bc1\u5238\u3001\u57fa\u91d1\u53ca\u671f\u8d27\u76f8\u5173\u6cd5\u89c4\uff0c\u201c\u7834\u574f\u4e86\u5e02\u573a\u79e9\u5e8f\u201d\u3002<\/p>\n<p>\u5177\u4f53\u800c\u8a00\uff0c\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u8868\u793a\uff0c\u4e0a\u8ff0\u4e09\u5bb6\u516c\u53f8\u5728\u672a\u53d6\u5f97\u5185\u5730\u724c\u7167\u7684\u60c5\u51b5\u4e0b\uff0c\u5728\u5185\u5730\u5f00\u5c55\u8bc1\u5238\u4ea4\u6613\u8425\u9500\u63a8\u5e7f\u3001\u5904\u7406\u4ea4\u6613\u6307\u4ee4\uff0c\u5e76\u63d0\u4f9b\u57fa\u91d1\u53ca\u671f\u8d27\u7ecf\u7eaa\u670d\u52a1\uff0c\u8fdd\u53cd\u4e86\u300a\u4e2d\u534e\u4eba\u6c11\u5171\u548c\u56fd\u8bc1\u5238\u6cd5\u300b\u3002\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u5df2\u6b63\u5f0f\u5bf9\u4e09\u5bb6\u516c\u53f8\u7684\u5883\u5185\u53ca\u5883\u5916\u4e3b\u4f53\u7acb\u6848\u8c03\u67e5\u3002<\/p>\n<p>\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u7684\u516c\u544a\u53ef\u5728<a href=\"https:\/\/www.csrc.gov.cn\/csrc\/c100028\/c7634330\/content.shtml\">\u6b64\u5904<\/a>\u67e5\u9605\u3002<\/p>\n<p>\u6b64\u6b21\u5904\u7f5a\u91d1\u989d\u5de8\u5927\u3002\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u62df\u5bf9\u4e24\u5bb6\u516c\u53f8\u53ca\u5176\u521b\u59cb\u4eba\u5904\u4ee5\u7ea6\u4eba\u6c11\u5e0123\u4ebf\u5143\uff08\u6e2f\u5e0126.7\u4ebf\u5143\uff09\u7684\u6ca1\u6536\u53ca\u7f5a\u6b3e\uff0c\u539f\u56e0\u662f\u5176\u5728\u672a\u53d6\u5f97\u6240\u9700\u724c\u7167\u7684\u60c5\u51b5\u4e0b\u4e8e\u5185\u5730\u63d0\u4f9b\u8bc1\u5238\u8425\u9500\u53ca\u8ba2\u5355\u5904\u7406\u670d\u52a1\u3002 \u53d7\u5f71\u54cd\u6700\u6df1\u7684\u662f\u8fd9\u4e9b\u673a\u6784\u7684\u5185\u5730\u5ba2\u6237\u7fa4\u3002\u6839\u636e2025\u5e74\u672b\u7684\u6570\u636e\uff0c\u4e24\u5bb6\u673a\u6784\u9884\u8ba1\u5c06\u5728\u672a\u6765\u4e24\u5e74\u5185\u9010\u6b65\u5173\u95ed\u7ea657\u4e07\u81f363\u4e07\u4e2a\u5185\u5730\u8d44\u91d1\u8d26\u6237\uff0c\u6d89\u53ca\u8d44\u4ea7\u603b\u989d\u4ecb\u4e4e270\u4ebf\u81f3290\u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u6b64\u6b21\u6267\u6cd5\u884c\u52a8\u5e76\u975e\u5b64\u7acb\u4e8b\u4ef6\uff0c\u800c\u662f\u4e00\u573a\u5386\u65f6\u591a\u5e74\u76d1\u7ba1\u884c\u52a8\u7684\u6700\u7ec8\u9636\u6bb5\u3002\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u65e9\u57282021\u5e7410\u6708\u5df2\u9996\u6b21\u5173\u6ce8\u6b64\u95ee\u9898\uff0c\u5e76\u4e8e2022\u5e7412\u670830\u65e5\u6b63\u5f0f\u91c7\u53d6\u884c\u52a8<a href=\"#_ftn2\" name=\"_ftnref2\">[2]<\/a>, \u8ba4\u5b9a\u5bcc\u9014\u53ca\u8001\u864e\u8bc1\u5238\u4e00\u76f4\u5728\u672a\u53d6\u5f97\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u6240\u9700\u724c\u7167\u6216\u6838\u51c6\u7684\u60c5\u51b5\u4e0b\uff0c\u5411\u5185\u5730\u5c45\u6c11\u5f00\u5c55\u8de8\u5883\u8bc1\u5238\u7ecf\u7eaa\u4e1a\u52a1\u3002\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u56e0\u800c\u8d23\u4ee4\u4e24\u5bb6\u673a\u6784\u505c\u6b62\u63a5\u53d7\u65b0\u7684\u5185\u5730\u5ba2\u6237\u5f00\u6237\uff0c\u4f46\u73b0\u6709\u8d26\u6237\u6301\u6709\u4eba\u4ecd\u53ef\u7ee7\u7eed\u4ea4\u6613\u53ca\u63d0\u53d6\u8d44\u91d1\u3002<\/p>\n<p>\u4f5c\u4e3a\u56de\u5e94\uff0c\u5bcc\u9014\u53ca\u8001\u864e\u8bc1\u5238\u4e8e2023\u5e74\u4e2d\u4ece\u5185\u5730\u5e94\u7528\u5546\u5e97\u4e0b\u67b6\u4e86\u5176\u5e94\u7528\u7a0b\u5e8f\uff1b\u52302023\u5e749\u6708\uff0c\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u4e0a\u6d77\u76d1\u7ba1\u5c40\u4e8e9\u670828\u65e5\u53d1\u51fa\u901a\u77e5\uff0c\u8981\u6c42\u5305\u62ec\u9999\u6e2f\u7b49\u79bb\u5cb8\u53f8\u6cd5\u7ba1\u8f96\u533a\u7684\u5238\u5546\u505c\u6b62\u5411\u65b0\u7684\u5185\u5730\u6295\u8d44\u8005\u63d0\u4f9b\u8bc1\u5238\u4ea4\u6613\u8d26\u6237\u3002\u6b64\u540e\u4e24\u5e74\u95f4\uff0c\u6f0f\u6d1e\u6301\u7eed\u5b58\u5728\uff0c\u800c\u9999\u6e2f\u8bc1\u76d1\u4f1a\u4e8e2026\u5e74\u5bf912\u5bb6\u6301\u724c\u5238\u5546\u5f00\u5c55\u7684\u540c\u6b65\u5ba1\u67e5\u53d1\u73b0\u6301\u7eed\u5b58\u5728\u7684\u8584\u5f31\u73af\u8282\uff0c\u5305\u62ec\u5bf9\u5f00\u6237\u6587\u4ef6\u7684\u5c3d\u804c\u8c03\u67e5\u4e0d\u8db3\u3001\u63a5\u53d7\u4f2a\u9020\u6216\u5b58\u7591\u7684\u6587\u4ef6\uff0c\u4ee5\u53ca\u5bf9\u5ba2\u6237\u8de8\u5883\u4ee3\u7406\u5173\u7cfb\u7684\u6838\u5b9e\u4e0d\u591f\u5145\u5206<a href=\"#_ftn3\" name=\"_ftnref3\">[3]<\/a>\u3002<\/p>\n<ol start=\"2\">\n<li>\u6cd5\u5f8b\u673a\u5236\u2014\u2014\u4e24\u5e74\u6574\u6cbb\u65b9\u6848<\/li>\n<\/ol>\n<p>\u5728\u91c7\u53d6\u6267\u6cd5\u884c\u52a8\u7684\u540c\u65f6\uff0c\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u4e0e\u5176\u4ed6\u4e03\u4e2a\u653f\u5e9c\u90e8\u95e8\u8054\u5408\u53d1\u5e03\u4e86\u7ecf\u56fd\u52a1\u9662\u5c42\u9762\u6279\u51c6\u7684\u300a<em>\u7efc\u5408\u6574\u6cbb\u975e\u6cd5\u8de8\u5883\u8bc1\u5238\u671f\u8d27\u57fa\u91d1\u7ecf\u8425\u6d3b\u52a8\u5b9e\u65bd\u65b9\u6848<\/em>\u300b<a href=\"#_ftn4\" name=\"_ftnref4\">[4]<\/a>, \u8be5\u65b9\u6848\u8bbe\u5b9a\u4e86\u4e24\u5e74\u7684\u96c6\u4e2d\u6574\u6cbb\u671f\uff0c\u65e8\u5728\u6709\u5e8f\u6e05\u9000\u73b0\u6709\u8fdd\u6cd5\u4e1a\u52a1\uff0c\u800c\u975e\u4e00\u5200\u5207\u5730\u7acb\u5373\u7ec8\u6b62\u3002<\/p>\n<p>\u5728\u6b64\u671f\u95f4\uff0c\u53d7\u5f71\u54cd\u7684\u5238\u5546\u53ea\u80fd\u5904\u7406\u5356\u51fa\u4ea4\u6613\u5e76\u8f6c\u51fa\u8d44\u91d1\u2014\u2014\u4e0d\u5f97\u4e3a\u6301\u6709\u5185\u5730\u8eab\u4efd\u8bc1\u660e\u7684\u5ba2\u6237\u63d0\u4f9b\u65b0\u7684\u4e70\u5165\u3001\u5b58\u6b3e\u6216\u5f00\u6237\u670d\u52a1\uff0c\u4e14\u73b0\u6709\u670d\u52a1\u8303\u56f4\u4e0d\u5f97\u6269\u5927\u3002\u957f\u6865\u53ca\u5bcc\u9014\u5df2\u81ea2026\u5e746\u670812\u65e5\u8d77\u5b9e\u65bd\u4e0a\u8ff0\u9650\u5236\u3002\u4e24\u5e74\u6574\u6cbb\u671f\u7ed3\u675f\u540e\uff0c\u6240\u6709\u9762\u5411\u5185\u5730\u7684\u5e73\u53f0\u3001\u5e94\u7528\u7a0b\u5e8f\u53ca\u670d\u52a1\u5668\u5747\u987b\u5168\u9762\u5173\u95ed\u3002<\/p>\n<ol start=\"3\">\n<li>\u9999\u6e2f\u7684\u76d1\u7ba1\u884c\u52a8<\/li>\n<\/ol>\n<p>\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c\u6b64\u4e8b\u4ece\u6765\u4e0d\u53ea\u662f\u5185\u5730\u5355\u65b9\u9762\u7684\u4e8b\u60c5\u3002\u5c31\u5728\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u53d1\u5e03\u516c\u544a\u7684\u540c\u4e00\u5929\uff0c\u9999\u6e2f\u8bc1\u76d1\u4f1a\u4ea6\u5411\u6240\u6709\u6301\u724c\u6cd5\u56e2\u53d1\u51fa\u4e86\u901a\u51fd<a href=\"#_ftn5\" name=\"_ftnref5\">[5]<\/a>, \u76f4\u63a5\u5f15\u7528\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u7684\u6574\u6cbb\u65b9\u6848\u3002\u8be5\u901a\u51fd\u662f\u57fa\u4e8e\u9999\u6e2f\u8bc1\u76d1\u4f1a\u5bf912\u5bb6\u6301\u724c\u5238\u5546\u7684\u5ba1\u67e5\u7ed3\u679c\u4f5c\u51fa\u7684\uff0c\u5ba1\u67e5\u53d1\u73b0\u76f8\u5173\u673a\u6784\u5728\u5f00\u6237\u5c3d\u804c\u5ba1\u67e5\u4ee5\u53ca\u5bf9\u4e0e\u6d77\u5916\u4e2d\u4ecb\u673a\u6784\u8de8\u5883\u4ee3\u7406\u5173\u7cfb\u7684\u6301\u7eed\u76d1\u5bdf\u65b9\u9762\u5b58\u5728&#8221;\u91cd\u5927\u7f3a\u5931&#8221;\u3002\u90e8\u5206\u5238\u5546\u66fe\u63a5\u53d7\u53ef\u7591\u6216\u4f2a\u9020\u7684\u5ba2\u6237\u6587\u4ef6\uff0c\u5176\u4e2d\u90e8\u5206\u8d26\u6237\u540e\u6765\u88ab\u53d1\u73b0\u4e0e\u6d89\u53ca\u6ca1\u6709\u771f\u5b9e\u4ea4\u6613\u6d3b\u52a8\u7684\u53ef\u7591\u8d44\u91d1\u8f6c\u79fb\u6709\u5173\u3002<\/p>\n<ol start=\"4\">\n<li>\u5bf9\u5ba2\u6237\u7684\u542f\u793a<\/li>\n<\/ol>\n<p>\u5bf9\u4e8e\u9999\u6e2f\u8bc1\u76d1\u4f1a\u6301\u724c\u5238\u5546\u53ca\u4e2d\u4ecb\u673a\u6784\u800c\u8a00\uff0c\u5f53\u52a1\u4e4b\u6025\u662f\u5f00\u5c55\u6709\u9488\u5bf9\u6027\u7684\u5185\u90e8\u5ba1\u67e5\uff1a\u8bc4\u4f30\u5185\u5730\u5ba2\u6237\u7684\u5f00\u6237\u53ca\u5b9e\u76ca\u62e5\u6709\u4eba\u6838\u5b9e\u7a0b\u5e8f\uff1b\u5c31\u4ee5\u5b58\u7591\u6587\u4ef6\u5f00\u7acb\u7684\u8d26\u6237\u3001\u96f6\u7ed3\u4f59\u4e0d\u52a8\u6295\u8d44\u8d26\u6237\uff0c\u6216\u51fa\u73b0\u5f02\u5e38\u7279\u5f81\uff08\u4f8b\u5982\u4e0d\u540c\u5ba2\u6237\u5171\u7528\u5730\u5740\u6216\u94f6\u884c\u8d26\u6237\uff09\u7684\u8d26\u6237\uff0c\u4e0e\u76f8\u5173\u5ba2\u6237\u6838\u5b9e\u60c5\u51b5\u3002\u5238\u5546\u5e94\u843d\u5b9e\u9999\u6e2f\u8bc1\u76d1\u4f1a\u8981\u6c42\u7684\u6295\u8d44\u8005\u58f0\u660e\uff0c\u786e\u8ba4\u5185\u5730\u5ba2\u6237\u7684\u8d44\u91d1\u5747\u6765\u81ea\u5185\u5730\u4ee5\u5916\u7684\u5408\u6cd5\u6765\u6e90<a href=\"#_ftn6\" name=\"_ftnref6\">[6]<\/a>\u3002<\/p>\n<p>\u5bf9\u4e8e\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\u53ca\u91d1\u878d\u79d1\u6280\u5e73\u53f0\u800c\u8a00\uff0c\u8fd9\u662f\u4e00\u4e2a\u63d0\u793a\uff0c\u9700\u8981\u91cd\u65b0\u8bc4\u4f30\u4efb\u4f55\u53ef\u80fd\u88ab\u8ba4\u5b9a\u4e3a\u534f\u52a9\u89c4\u907f\u4e2d\u56fd\u5916\u6c47\u7ba1\u5236\u7684\u95f4\u63a5\u8ba4\u8d2d\u5b89\u6392\u3001\u4ee3\u6301\u8d26\u6237\u6216\u7efc\u5408\uff08omnibus\uff09\u67b6\u6784\uff0c\u5373\u4f7f\u8be5\u5e73\u53f0\u672c\u8eab\u5e76\u65e0\u76f4\u63a5\u7684\u5185\u5730\u724c\u7167\u98ce\u9669\u3002<\/p>\n<p>\u9999\u6e2f\u8bc1\u76d1\u4f1a\u7684\u901a\u51fd\u786e\u8ba4\uff0c\u8de8\u5883\u4ecb\u7ecd\u4eba\u5b89\u6392\u5e76\u4e0d\u80fd\u51cf\u8f7b\u8d23\u4efb\uff0c\u8fdd\u53cd\u5883\u5916\u76d1\u7ba1\u8981\u6c42\uff08\u5305\u62ec\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u81ea\u8eab\u7684\u89c4\u5b9a\uff09\u53ef\u80fd\u72ec\u7acb\u6784\u6210\u8fdd\u53cd\u300a\u64cd\u5b88\u51c6\u5219\u300b\u7b2c12\u6bb5\uff0c\u4ee4\u6301\u724c\u4eba\u4e0d\u8bba\u5185\u5730\u7a0b\u5e8f\u7684\u7ed3\u679c\u5982\u4f55\uff0c\u90fd\u987b\u627f\u62c5\u9999\u6e2f\u8bc1\u76d1\u4f1a\u7684\u6267\u6cd5\u98ce\u9669\u3002<\/p>\n<p>\u4e0d\u5408\u89c4\u5c06\u5e26\u6765\u5b9e\u8d28\u6027\u540e\u679c\uff1a\u9999\u6e2f\u8bc1\u76d1\u4f1a\u5df2\u8868\u660e\u201c\u7d55\u4e0d\u5bb9\u5fcd\u201c\u4f7f\u7528\u53ef\u7591\u6216\u4f2a\u9020\u6587\u4ef6\uff0c\u5e76\u8b66\u544a\u53ef\u80fd\u5bf9\u76f8\u5173\u673a\u6784\u5b9e\u65bd\u5916\u90e8\u56de\u987e\u68c0\u8ba8\u3001\u4f9d\u636e\u300a\u8bc1\u5238\u53ca\u671f\u8d27\u6761\u4f8b\u300b\u7b2c116(6)\u6761\u65bd\u52a0\u9650\u5236\u6027\u724c\u7167\u6761\u4ef6\uff0c\u4ee5\u53ca\u91c7\u53d6\u5f71\u54cd\u516c\u53f8\u662f\u5426\u9002\u5f53\u4eba\u9009\u8d44\u683c\u7684\u6b63\u5f0f\u6267\u6cd5\u884c\u52a8\uff0c \u6839\u636e\u300a\u64cd\u5b88\u51c6\u5219\u300b\u7b2c12.5(a)\u6bb5\uff0c\u91cd\u5927\u8fdd\u89c4\u4e8b\u9879\u4ea6\u987b\u4e3b\u52a8\u5411\u9999\u6e2f\u8bc1\u76d1\u4f1a\u62a5\u544a\u3002<\/p>\n<p>\u66f4\u5e7f\u6cdb\u800c\u8a00\uff0c\u6240\u6709\u4ece\u4e8b\u8de8\u5883\u4e1a\u52a1\u7684\u673a\u6784\u5747\u5e94\u5c06\u6b64\u89c6\u4e3a\u4e00\u4e2a\u4fe1\u53f7\uff0c\u9700\u6301\u7eed\u52a0\u5f3a\u9ad8\u7ea7\u7ba1\u7406\u5c42\u5bf9\u8de8\u5883\u5408\u89c4\u63a7\u5236\u7684\u76d1\u7763\uff0c\u800c\u975e\u5c06\u5176\u89c6\u4e3a\u4e00\u6b21\u6027\u7684\u6574\u6539\u5de5\u4f5c\u3002<\/p>\n<p><em>\u5982\u60a8\u6709\u4efb\u4f55\u7591\u95ee\uff0c\u6216\u5e0c\u671b\u4e86\u89e3\u4e0a\u8ff0\u76d1\u7ba1\u52a8\u6001\u53ef\u80fd\u5bf9\u60a8\u7684\u4e1a\u52a1\u6216\u5408\u89c4\u4e49\u52a1\u4ea7\u751f\u4f55\u79cd\u5f71\u54cd\uff0c\u6b22\u8fce\u8054\u7cfb\u672c\u6240\u7684\u5408\u4f19\u4eba<a href=\"https:\/\/www.sw-hk.com\/zh\/our-people\/kenneth-leung-2\/\">\u6881\u797a\u6fa7\u5f8b\u5e08<\/a>\uff08<\/em><em>Kenneth Leung<\/em><em>\uff09\u6216<a href=\"https:\/\/www.sw-hk.com\/zh\/our-people\/ronnie-tse\/\">\u8c22\u6717\u5e0c\u5f8b\u5e08<\/a>\uff08<\/em><em>Ronnie Tse<\/em><em>\uff09\u3002<\/em><\/p>\n<p><em>\u672c\u6587\u4ec5\u4f9b\u53c2\u8003\u4e4b\u7528\uff0c\u5176\u5185\u5bb9\u4e0d\u6784\u6210\u6cd5\u5f8b\u610f\u89c1\uff0c\u4ea6\u4e0d\u5e94\u88ab\u89c6\u4e3a\u6cd5\u5f8b\u610f\u89c1\u3002\u53f2\u8482\u6587\u751f\u9ec4\u5f8b\u5e08\u4e8b\u52a1\u6240\uff08<\/em><em>Stevenson, Wong &amp; Co.<\/em><em>\uff09\u5bf9\u56e0\u4f9d\u8d56\u672c\u6587\u6240\u8f7d\u4fe1\u606f\u800c\u4f5c\u51fa\u7684\u4efb\u4f55\u51b3\u5b9a\u3001\u884c\u52a8\u6216\u4e0d\u884c\u52a8\u6240\u5f15\u81f4\u6216\u4e0e\u4e4b\u76f8\u5173\u7684\u4efb\u4f55\u7279\u6b8a\u3001\u95f4\u63a5\u6216\u540e\u679c\u6027\u635f\u5931\u6216\u635f\u5bb3\uff0c\u5747\u4e0d\u627f\u62c5\u8d23\u4efb\u3002<\/em><\/p>\n<p><em>\u00a0<\/em>\u6ce8\u91ca:<\/p>\n<p>\u4e2d\u56fd\u8bc1\u5238\u76d1\u7763\u7ba1\u7406\u59d4\u5458\u4f1a. (2026-05-22). <em>\u8bc1\u76d1\u4f1a\u4e25\u8083\u67e5\u5904\u8001\u864e\u7b49\u673a\u6784\u975e\u6cd5\u8de8\u5883\u5c55\u4e1a\u6848\u4ef6<\/em> <a href=\"https:\/\/www.csrc.gov.cn\/csrc\/c100028\/c7634330\/content.shtml\">https:\/\/www.csrc.gov.cn\/csrc\/c100028\/c7634330\/content.shtml<\/a><\/p>\n<p>&#8220;China Regulator Punishes Brokerages Offering Illegal Access to Overseas Stocks.&#8221; <em>South China Morning Post<\/em>, 22 May 2026, <a href=\"https:\/\/www.google.com\/search?q=https%3A%2F%2Fwww.scmp.com%2Fbusiness%2Fchina-business%2Farticle%2F3354543%2Fchina-regulator-punishes-brokerages-offering-illegal-access-overseas-stocks\">www.scmp.com\/business\/china-business\/article\/3354543\/china-regulator-punishes-brokerages-offering-illegal-access-overseas-stocks<\/a>.<\/p>\n<p>Reuters, &#8220;China to crack down on &#8216;illegal&#8217; cross-border securities activities&#8221; (22 May 2026), available at <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/china-crack-down-illegal-cross-border-securities-activities-2026-05-22\/\">https:\/\/www.reuters.com\/world\/asia-pacific\/china-crack-down-illegal-cross-border-securities-activities-2026-05-22\/<\/a><\/p>\n<p>China says illegal outbound investment crackdown won&#8217;t lead to forced liquidation. (2026, June 7). <em>Reuters<\/em>. <a href=\"https:\/\/www.reuters.com\/business\/finance\/china-says-illegal-outbound-investment-crackdown-wont-lead-forced-liquidation-2026-06-07\/\">https:\/\/www.reuters.com\/business\/finance\/china-says-illegal-outbound-investment-crackdown-wont-lead-forced-liquidation-2026-06-07\/<\/a><\/p>\n<p>&#8220;In-Depth: China Slams Door on Multibillion-Dollar Offshore Trading Loophole.&#8221; <em>Caixin Global<\/em>, 5 June 2026, <a href=\"https:\/\/www.caixinglobal.com\/2026-06-05\/in-depth-china-slams-door-on-multibillion-dollar-offshore-trading-loophole-102451435.html\">https:\/\/www.caixinglobal.com\/2026-06-05\/in-depth-china-slams-door-on-multibillion-dollar-offshore-trading-loophole-102451435.html<\/a><\/p>\n<p>\u8bc1\u5238\u53ca\u671f\u8d27\u4e8b\u52a1\u76d1\u5bdf\u59d4\u5458\u4f1a. (2026\u5e745\u670822\u65e5).<\/p>\n<p><em>\u81f4\u6301\u724c\u6cd5\u56e2\u7684\u901a\u51fd\uff1a\u5f00\u7acb\u5e10\u6237\u53ca\u4e0e\u5ba2\u6237\u7ef4\u6301\u5173\u7cfb\u65f6\u5e94\u91c7\u53d6\u7684\u76d1\u63a7\u63aa\u65bd<\/em> (\u53c2\u8003\u7f16\u53f726EC29). <a href=\"https:\/\/apps.sfc.hk\/edistributionWeb\/gateway\/EN\/circular\/intermediaries\/supervision\/doc?refNo=26EC29\">https:\/\/apps.sfc.hk\/edistributionWeb\/gateway\/EN\/circular\/intermediaries\/supervision\/doc?refNo=26EC29<\/a><\/p>\n<p>\u4e2d\u56fd\u8bc1\u5238\u76d1\u7763\u7ba1\u7406\u59d4\u5458\u4f1a. (2026-05-22). <em>\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u7b49\u516b\u90e8\u95e8\u8054\u5408\u5370\u53d1\u300a\u7efc\u5408\u6574\u6cbb\u975e\u6cd5\u8de8\u5883\u8bc1\u5238\u671f\u8d27\u57fa\u91d1\u7ecf\u8425\u6d3b\u52a8\u5b9e\u65bd\u65b9\u6848\u300b<\/em> <a href=\"https:\/\/www.csrc.gov.cn\/csrc\/c100028\/c7634326\/content.shtml\">https:\/\/www.csrc.gov.cn\/csrc\/c100028\/c7634326\/content.shtml<\/a><\/p>\n<p>Securities and Futures Commission of Hong Kong. (2026, May 22). <em>Deficiencies identified in the Review and standards expected of licensed corporations<\/em> (Circular Ref. No. 26EC29, Appendix B). <a href=\"https:\/\/apps.sfc.hk\/edistributionWeb\/api\/circular\/openAppendix?lang=EN&amp;refNo=26EC29&amp;appendix=1\">https:\/\/apps.sfc.hk\/edistributionWeb\/api\/circular\/openAppendix?lang=EN&amp;refNo=26EC29&amp;appendix=1<\/a><\/p>\n<p>\u4e2d\u56fd\u8bc1\u5238\u76d1\u7763\u7ba1\u7406\u59d4\u5458\u4f1a. (2022-12-30). <em>\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u63a8\u8fdb\u5bcc\u9014\u63a7\u80a1\u3001\u8001\u864e\u8bc1\u5238\u975e\u6cd5\u8de8\u5883\u5c55\u4e1a\u6574\u6cbb\u5de5\u4f5c<\/em> <a href=\"https:\/\/www.csrc.gov.cn\/csrc\/c100028\/c6940083\/content.shtml\">https:\/\/www.csrc.gov.cn\/csrc\/c100028\/c6940083\/content.shtml<\/a><\/p>\n<p>Futu Holdings Limited. (2023, May 16). <em>Futu announces plan for app removal in mainland China app stores<\/em> [Press release]. <a href=\"https:\/\/ir.futuholdings.com\/news-releases\/news-release-details\/futu-announces-plan-app-removal-mainland-china-app-stores\/\">https:\/\/ir.futuholdings.com\/news-releases\/news-release-details\/futu-announces-plan-app-removal-mainland-china-app-stores\/<\/a><\/p>\n<p>Tiger Brokers. (2023, May 16). <em>Tiger Brokers to make app update adjustments in mainland China<\/em>. <a href=\"https:\/\/www.itigerup.com\/en\/appUpdate\">https:\/\/www.itigerup.com\/en\/appUpdate<\/a><\/p>\n<p>China bars brokerages from taking on new mainland clients for offshore trading, sources say. (2023, October 12). <em>Reuters<\/em>. <a href=\"https:\/\/www.reuters.com\/world\/china\/china-bars-brokerages-accepting-new-mainland-clients-offshore-trading-say-2023-10-12\/\">https:\/\/www.reuters.com\/world\/china\/china-bars-brokerages-accepting-new-mainland-clients-offshore-trading-say-2023-10-12\/<\/a><\/p>\n<p><a href=\"#_ftnref1\" name=\"_ftn1\">[1]<\/a> \u4e2d\u56fd\u8bc1\u5238\u76d1\u7763\u7ba1\u7406\u59d4\u5458\u4f1a. (2026-05-22). <em>\u8bc1\u76d1\u4f1a\u4e25\u8083\u67e5\u5904\u8001\u864e\u7b49\u673a\u6784\u975e\u6cd5\u8de8\u5883\u5c55\u4e1a\u6848\u4ef6<\/em> <a href=\"https:\/\/www.csrc.gov.cn\/csrc\/c100028\/c7634330\/content.shtml\">https:\/\/www.csrc.gov.cn\/csrc\/c100028\/c7634330\/content.shtml<\/a><\/p>\n<p><a href=\"#_ftnref2\" name=\"_ftn2\">[2]<\/a> \u4e2d\u56fd\u8bc1\u5238\u76d1\u7763\u7ba1\u7406\u59d4\u5458\u4f1a. (2022-12-30). <em>\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u63a8\u8fdb\u5bcc\u9014\u63a7\u80a1\u3001\u8001\u864e\u8bc1\u5238\u975e\u6cd5\u8de8\u5883\u5c55\u4e1a\u6574\u6cbb\u5de5\u4f5c<\/em> <a href=\"https:\/\/www.csrc.gov.cn\/csrc\/c100028\/c6940083\/content.shtml\">https:\/\/www.csrc.gov.cn\/csrc\/c100028\/c6940083\/content.shtml<\/a><\/p>\n<p><a href=\"#_ftnref3\" name=\"_ftn3\">[3]<\/a> <em>\u81f4\u6301\u724c\u6cd5\u56e2\u7684\u901a\u51fd\uff1a\u5f00\u7acb\u5e10\u6237\u53ca\u4e0e\u5ba2\u6237\u7ef4\u6301\u5173\u7cfb\u65f6\u5e94\u91c7\u53d6\u7684\u76d1\u63a7\u63aa\u65bd<\/em> (\u53c2\u8003\u7f16\u53f726EC29). <a href=\"https:\/\/apps.sfc.hk\/edistributionWeb\/gateway\/TC\/circular\/intermediaries\/supervision\/doc?refNo=26EC29\">https:\/\/apps.sfc.hk\/edistributionWeb\/gateway\/TC\/circular\/intermediaries\/supervision\/doc?refNo=26EC29<\/a><\/p>\n<p><a href=\"#_ftnref4\" name=\"_ftn4\">[4]<\/a> \u4e2d\u56fd\u8bc1\u5238\u76d1\u7763\u7ba1\u7406\u59d4\u5458\u4f1a. (2026-05-22). <em>\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u7b49\u516b\u90e8\u95e8\u8054\u5408\u5370\u53d1\u300a\u7efc\u5408\u6574\u6cbb\u975e\u6cd5\u8de8\u5883\u8bc1\u5238\u671f\u8d27\u57fa\u91d1\u7ecf\u8425\u6d3b\u52a8\u5b9e\u65bd\u65b9\u6848\u300b<\/em> <a href=\"https:\/\/www.csrc.gov.cn\/csrc\/c100028\/c7634326\/content.shtml\">https:\/\/www.csrc.gov.cn\/csrc\/c100028\/c7634326\/content.shtml<\/a><\/p>\n<p><a href=\"#_ftnref5\" name=\"_ftn5\">[5]<\/a> <em>\u81f4\u6301\u724c\u6cd5\u56e2\u7684\u901a\u51fd\uff1a\u5f00\u7acb\u5e10\u6237\u53ca\u4e0e\u5ba2\u6237\u7ef4\u6301\u5173\u7cfb\u65f6\u5e94\u91c7\u53d6\u7684\u76d1\u63a7\u63aa\u65bd<\/em> (\u53c2\u8003\u7f16\u53f726EC29). <a href=\"https:\/\/apps.sfc.hk\/edistributionWeb\/gateway\/TC\/circular\/intermediaries\/supervision\/doc?refNo=26EC29\">https:\/\/apps.sfc.hk\/edistributionWeb\/gateway\/TC\/circular\/intermediaries\/supervision\/doc?refNo=26EC29<\/a><\/p>\n<p><a href=\"#_ftnref6\" name=\"_ftn6\">[6]<\/a> <em>\u81f4\u6301\u724c\u6cd5\u56e2\u7684\u901a\u51fd\uff1a\u5f00\u7acb\u5e10\u6237\u53ca\u4e0e\u5ba2\u6237\u7ef4\u6301\u5173\u7cfb\u65f6\u5e94\u91c7\u53d6\u7684\u76d1\u63a7\u63aa\u65bd<\/em> <em>\u2013 <\/em><em>\u9644\u9304<\/em><em>B.<\/em> <a href=\"https:\/\/apps.sfc.hk\/edistributionWeb\/gateway\/TC\/circular\/intermediaries\/supervision\/openAppendix?refNo=26EC29&amp;appendix=1\">https:\/\/apps.sfc.hk\/edistributionWeb\/gateway\/TC\/circular\/intermediaries\/supervision\/openAppendix?refNo=26EC29&amp;appendix=1<\/a><\/p>","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[51,39,42,41],"tags":[],"class_list":["post-17799","post","type-post","status-publish","format-standard","hentry","category-corporate-law","category-news","category-news2","category-transaction"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/posts\/17799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/comments?post=17799"}],"version-history":[{"count":1,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/posts\/17799\/revisions"}],"predecessor-version":[{"id":17800,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/posts\/17799\/revisions\/17800"}],"wp:attachment":[{"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/media?parent=17799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/categories?post=17799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/tags?post=17799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}