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Futu first-quarter profit down 61% after $272 million regulatory fine
Analysts cut earnings forecasts for online brokerage following Beijing’s latest crackdown on cross-border trading.
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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.
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scmp.com
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.
