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29.09.26 - 07:30
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Chinese brokerages get in line with Beijing′s crackdown on overseas stock trading (SCMP)
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Some securities companies have begun to clean up non-compliant overseas stock trading by mainland Chinese investors following a regulatory crackdown that started months ago with fines on Tiger Brokers and Futu Securities International.
Orient Securities' mainland-based clients that have trading accounts in its Hong Kong unit will be banned from buying stocks and transferring in funds starting on Wednesday, according to a notice to customers seen by the South China Morning Post. Guotai Junan......
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28.08.26 - 01:00
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Tiger, Futu post strong overseas gains after Beijing clampdown stalls mainland growth (SCMP)
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Tiger Brokers and Futu Holdings, two of the region's largest online brokerages, posted robust second-quarter growth as they expanded overseas to absorb Beijing's toughest crackdown yet on illegal cross-border stock trading.
UP Fintech Holding, parent of Tiger Brokers, reported on Wednesday that revenue rose 31.4 per cent year on year to a record US$182.3 million. Net income attributable to shareholders, however, slipped to US$39.4 million from US$41.4 million a year earlier.
Chairman and CEO Wu......
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