On May 22, the China Securities Regulatory Commission announced that the illegal cross-border business activities of Tiger Brokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, and Changqiao Securities (Hong Kong) Limited violated China's securities, fund, and futures laws and regulations, disrupting market order and must be firmly dealt with. In accordance with relevant regulations, the CSRC plans to confiscate all illegal gains of Tiger, Futu, and Changqiao's domestic and foreign entities and impose severe penalties according to the law. (Xinhua News Agency)
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China Securities Regulatory Commission Plans Severe Penalties for Tiger Brokers, Futu Securities, and Changqiao Securities
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