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Next in China regulatory crackdown: online brokers – sources

December 19, 2021
Source: fijitimes.com fijitimes.com
News Snapshot:
Next in China regulatory crackdown: online brokers – sources 19 December, 2021, 7:37 am HONG KONG, Dec 17 (Reuters) – Chinese officials are planning to ban online brokerages such as Futu Holdings Ltd (FUTU.O) and UP Fintech Holding Ltd from offering offshore trading services to mainland clients, the latest development in a broad regulatory crackdown that has roiled a wide range of sectors over the past year. The Nasdaq-listed Chinese firms are two of the biggest players in the sector and a ban would block millions of retail investors in mainland China from trading securities easily in markets such as...
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