Futu
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Tiger Brokers to suspend investors in mainland China from adding new positions
Tiger Brokers to suspend investors in mainland China from adding new positions HONG KONG: Tiger Brokers will bar China-based investors from adding to their positions from Jun 12 when they are physically on the Chinese mainland, the Singapore-headquartered trading firm said in a notice to clients on Tuesday (Jun 2). China had told Tiger and other online brokers Futu and Longbridge to wind down such accounts, which it says are illegal under new tighter regulations introduced on May 27. Tiger's...
China is making it harder for Mom and Pop to access U.S. stocks. Here's who will benefit
China is making it harder for retail investors to steer money to U.S. stocks, ramping up a longer-term shift that steers domestic capital and companies toward Hong Kong. Beijing's securities regulator recently tightened scrutiny on offshore brokerages, saying it will "resolutely crack down" on Tiger Brokers, Futu Holdings and Longbridge Securities over what it described as illegal cross-border securities operations. It's the latest salvo in a years-long effort to close loopholes that allowed...
China Tightens Its Grip on Billions in Offshore Wealth
Futu Securities, based in Hong Kong, has long been popular on the mainland. Photographer: Lam Yik/Bloomberg
The end of a regulatory grey zone: Why China is cracking down on offshore brokerages
The end of a regulatory grey zone: Why China is cracking down on offshore brokerages 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. SHENZHEN: When China unveiled its toughest crackdown yet on offshore trading platforms, Beijing-based investor Elaine Liang began exploring alternatives.