$Futu Holdings Limited(FUTU)$
$Tiger Brokers(TIGR)$
Waaa liew ... you both trying to give people heart attack on the last day of the year [Spurting] [Spurting] [Spurting] [Facepalm] [Facepalm] [Facepalm] Anyone got news on this ?
SHANGHAI, Dec 30 (Reuters) - China’s securities regulator said on Friday that online brokerages Futu Holding and UP Fintech Holding have conducted unlawful securities businesses, and will be asked to take corrective measures.
They will be banned from soliciting new business from mainland investors, the China Securities Regulatory Commission (CSRC) said. (Reporting by Shanghai newsroom, Editing by Louise Heavens)
@EV8 @SR050321 @MHh @LMSunshine
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments
update from CNA . according to cna,
Although existing Chinese clients will still be allowed to trade via existing platforms, new money must not flow into these accounts unlawfully, the CSRC added.
Futu and UP Fintech do not have brokerage licences on the mainland, but Chinese citizens can open accounts online after submitting personal information related to ID cards and bank cards.
In 2021, a Chinese central banker had warned that online brokerages not licenced in China were acting illegally if they served Chinese clients via the Internet.