China’s toughest crackdown yet on offshore brokerages is closing a popular route to overseas markets for mainland investors. Analysts say the move is about more than investor protection.

As Beijing tightens its grip on unlicensed stock platforms, mainland China’s retail players utilise these state-sanctioned options to diversify globally.

China’s toughest crackdown yet on offshore brokerages is closing a popular route to overseas markets for mainland investors. Analysts say the move is about more than investor…