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Editorial | Cross-border crackdown part of keeping China’s capital market stable
The penalties handed out to leading brokerages are harsh, but Beijing must show it means business as it cleans up China’s capital market.
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caixinglobal.com
China Launches Two-Year Crackdown on Offshore Brokers Serving Mainland Investors
Mainland clients of Tiger Brokers, Futu and Long Bridge will only be allowed to sell holdings and withdraw funds during the cleanup period
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China Proposes $338 Million in Penalties Against Futu, Up Fintech
Mainland investors face tighter restrictions as Beijing broadens campaign against unlicensed offshore brokerage activity
