Finance'Far tougher' crackdown targets 'entire supply chain,' from brokers to influencersMorning rush hour across the street from the China Securities Regulatory Commission's headquarters in Beijing: Led by the watchdog, authorities are clamping down hard on unauthorized cross-border trading. © ReutersLORETTA CHEN and CISSY ZHOUMay 27, 2026 15:05 JSTHONG KONG -- China has launched a dramatic clampdown on cross-border brokerages, vowing to completely root out illicit overseas investment activity in two years. The tightening of the country's already prohibitive capital controls has rattled the U.S.-listed shares of brokers and sown anxiety among Chinese users of the platforms.