Futu to Suspend Buy Orders for Mainland China Users From June 12

The prominent digital brokerage Futu Holdings has announced a significant shift in its service model for investors based in Mainland China. Starting June 12, 2026, the platform will officially suspend all buy (open) transactions for existing accounts within the region. This decision comes as part of a coordinated effort to align with long-term regulatory requirements and the ongoing rectification of cross-border financial services.

Implementation of Regulatory Compliance Standards

The move by Futu is a response to the two-year centralized rectification period initiated by financial authorities to standardize the development of cross-border securities business. By adjusting its operational framework, the brokerage aims to ensure full compliance with the evolving industry standards governing international capital flows.

The restrictions specifically target investment accounts registered under Mainland China identity documents. According to the official announcement, the following adjustments will be enforced:

• The suspension of all buy (open) transactions for stocks, ETFs, and all other financial products listed on the platform.
• The complete suspension of fund deposit services, effectively preventing new capital from entering the brokerage ecosystem from the mainland.
• Existing users will retain the ability to execute sell (close) transactions, ensuring that investors can manage their current portfolio risks and exit positions.

Impact on Cross-Border Financial Markets

While Futu is widely known for its traditional stock trading capabilities, its role in the broader fintech ecosystem often intersects with the interests of cryptocurrency investors and those seeking exposure to international markets. The tightening of these services reflects a broader trend of increased oversight regarding how mainland residents interact with global offshore assets.

To implement the industry regulatory requirements and promote the standardized development of cross-border securities business, corresponding adjustments will be made to services for existing investors in mainland China.

Market analysts suggest that such measures are designed to mitigate capital flight and ensure that all investment activities are conducted through authorized domestic channels. While sell orders remain unaffected, the inability to add new funds or open new positions marks a definitive boundary for the platform's operations in the mainland market.

The suspension scheduled for June 12 represents a critical milestone in the oversight of international brokerages. As the 2-year rectification period reaches its concluding phases, the financial landscape for mainland investors continues to shift toward more localized and strictly regulated investment vehicles, potentially influencing the flow of liquidity across various asset classes including securities and digital assets.