Guotai Junan International Restricts Mainland China Accounts From Deposits and Buying

This is less a single brokerage decision than the visible end of a channel: mainland-facing offshore accounts are being narrowed to exit-only, with withdrawals and sells permitted while new funding and buying are blocked. The pattern across multiple Hong Kong brokers suggests a compliance-driven retreat rather than a commercial choice, and the IP-based split effectively asks mainland clients to trade from outside the mainland or not at all. Whether the remaining brokers follow, and how existing positions are unwound, is the open question.