To buy overseas assets such as U.S. stocks, go through a QDII fund (QDII基金) or Stock Connect to Hong Kong (港股通); don't open an account at an overseas broker, and don't use your annual foreign exchange quota to buy
- High value
- Evidence A
- Saves money
- Free
- Takes minutes
- No willpower
In plain words
From May 2026, overseas brokers such as Tiger Brokers (老虎), Futu (富途) and Longbridge (长桥) may no longer open accounts for people in mainland China. For accounts already open, for two years they can only sell and move money out, and cannot buy more. The foreign exchange quota also may not be used to buy overseas stocks, and violators cannot use the quota that year or for the 2 years after. To buy overseas assets, go through a QDII fund or Stock Connect to Hong Kong.
Mentioned in
Translated from the Chinese original. Original book, section 5, tip 38. This section is about money and spending. It is general information, not financial or investment advice. Content may be out of date and rules differ by place. When you actually deal with an agency, a doctor or a court, follow what local officials, doctors and lawyers tell you. Disclaimer