Chinese language Regulator Requires Rectification of Illegal Depraved-border Operations of Brokerages Futu and UP Fintech
China’s Securities Regulatory Commission (CSRC) said on December 30 that online brokerages Futu Holding, which was originally planning to go public in Hong Kong on the same day, and UP Fintech Holding, which is listed in the US, have conducted cross-border securities businesses involving domestic investors without regulatory consent, contravening Chinese laws. The CSRC will...
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