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China’s brokerage crackdown: banks cut forecasts for Futu, Tiger
CCB and Goldman Sachs slash brokerage valuations, profit forecasts after regulatory action on unauthorised cross-border trading.
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zerohedge.com
China Moves To Shut Down Offshore Stock-Trading Channels Used By Mainland Investors
The clampdown hits a route that Chinese investors use to trade U.S. and Hong Kong stocks, raising capital-control and ADR concerns...
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cryptobriefing.com
Futu and Up Fintech shares crater as China launches sweeping crackdown on cross-border trading
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.
