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According to the website of Radio Television Hong Kong, a spokesperson for the Hong Kong Monetary Authority stated that in response to the Hong Kong Securities and Futures Commission's circular requesting securities firms to strengthen the management of mainland investor accounts, the Monetary Authority has requested banks to adopt similar high business standards. The banking industry has implemented relevant regulatory requirements to ensure that the account opening process is compliant and orderly. The Hong Kong Monetary Authority emphasizes that Hong Kong banks have strict account opening procedures, and mainland residents can allocate assets through legal cross-border investment channels, including the Cross border Wealth Management Connect and the "Shanghai Hong Kong Stock Connect" and "Shenzhen Hong Kong Stock Connect".