Tiger, Futu and Longbridge brokerages penalised by Chinese securities regulators
發佈日期: 2026-05-22 20:03
TVB News
The China Securities Regulatory Commission has penalised three financial brokerages -- Tiger Brokers, Futu Securities International and Longbridge Securities.
They allegedly promoted overseas securities trading among domestic investors and handled orders from mainland China without regulatory approval.
This is not the first time the CSRC took aim at these brokerages.
In December 2022, the watchdog ordered these institutions not to develop new clients on the mainland, and reminded mainland residents to invest in overseas stocks through legal channels.
The regulator says it aims to clamp down on illegal securities-and-futures business and illicit capital outflow over a two-year timeframe.
During the period, overseas brokerages could only sell stocks for their current investors in the mainland and are barred from buying and remitting new funds into the accounts.
