Mainland investors face tighter restrictions as Beijing broadens campaign against unlicensed offshore brokerage activity

CSRC cracks down on three brokerages, as overseas stock demand rises on strong US tech earnings and easing Middle East tensions.

Securities watchdog penalizes Tiger Brokers, Futu and Longbridge

Securities watchdog penalizes Tiger Brokers, Futu and Longbridge

As corretoras online Tiger, Futu e Longbridge serão penalizadas por solicitarem negócios na China sem uma licença local, informou o regulador de valores mobiliários; ações das…

The securities regulator said it planned to penalize brokerages Futu Holdings, Tiger Brokers and Long Bridge Securities for operating on the mainland without a license, and would…

Put options on Futu and Tiger Brokers surged to unusual levels before CSRC announced penalties, sending shares down 39% and 47% respectively.

Mainland clients of Tiger Brokers, Futu and Long Bridge will only be allowed to sell holdings and withdraw funds during the cleanup period

Mainland investors face tighter restrictions as Beijing broadens campaign against unlicensed offshore brokerage activity

The clampdown hits a route that Chinese investors use to trade U.S. and Hong Kong stocks, raising capital-control and ADR concerns...

Moomoo parent Futu Holdings shares plunge 28% on the Nasdaq after facing a $271M fine from China over unlicensed trading operations.

Futu and Up Fintech shares fell 30-40% after China's CSRC imposed massive fines and barred mainland clients from opening new positions on offshore platforms.

La campaña de Pekín contra los brókeres ‘online’ intensifica una ofensiva contra el ‘trading’ transfronterizo ilegal que lleva años gestándose