FinanceSecurities watchdog penalizes Tiger Brokers, Futu and LongbridgeThe Lujiazui financial district in Shanghai: Chinese authorities are clamping down on overseas brokerages. © ReutersLORRETTA CHENMay 22, 2026 18:55 JSTHONG KONG -- China's securities regulator on Friday vowed to root out illegal cross-border investments, pledging to eradicate unapproved overseas brokerage operations in the country within two years.Read NextBusiness trendsChina outbound investment in 2025 hit highest level since 2018: reportOpinionIn Asia, geopolitics has moved onto the deal sheetFinanceChina Renaissance sets sights on cross-border deals with new US hireEquitiesHong Kong broker Bright Smart soars as Ant Group nears takeoverTrading AsiaIndex providers reshape Asian financial markets with exacting standardsTrading AsiaHong Kong's new listing pipeline undeterred by Iran war volatilityEconomyChina's investment in Europe hits 7-year high, still far from peakFinanceUnder pressure at home, Chinese online brokers expand offshoreMarketsFutu users in Hong Kong gain access to U.S. stock tradingLatest on FinanceFinanceJapan banks to offer loans backed by growth potential, not real estateFinanceJapan to unleash green bonds on EV batteries, other new fieldsFinanceMythos risk prompts Japan banks to brace for cyberattacks 'this fall'