China Cracks Down on Illegal Cross-Border Securities Trading
China has launched a crackdown on 'illegal' cross-border securities trading, investigating brokers like Tiger Brokers and Futu in an effort to block capital outflows. The move aims to tighten control over financial markets and prevent unauthorized trading activities.
The Story
Analyzing sources…
Source Diversity
Source Diversity
High (71/100)Sources
China cracks down on illegal cross-border securities trading
Regulator penalises brokerages in effort to close loophole that allowed retail traders to get around capital controls
Read full article →"Huge Shock": China Launches Crackdown On Cross-Border Stock Selling To Block Capital Outflows
"Huge Shock": China Launches Crackdown On Cross-Border Stock Selling To Block Capital Outflows China launched an unprecedented campaign against illegal cross-border trading to stem capital outflows, threatening severe penalties against brokers and ordering non-compliant accounts to be liquidated within two years, sparking a brutal selloff in three popular brokerages. As Bloomberg reports, the pushback came after the onshore markets closed Friday when eight regulators issued a jo...
By Tyler Durden
Read full article →
